Bayview Legacy, LLC 4
4 · Arteris, Inc. · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
Arteris (AIP) 10% Owner Bayview Legacy Sells 125,976 Shares
What Happened
Bayview Legacy, LLC (a reported 10% owner of Arteris, Inc.) sold a total of 125,976 shares on July 6, 2026 in open-market/private transactions, generating aggregate proceeds of approximately $4,509,185. The sales were reported in three lots: 29,490 shares at a weighted avg of $37.07 ($1,093,209), 27,908 shares at a weighted avg of $36.24 ($1,011,288), and 68,578 shares at a weighted avg of $35.06 (~$2,404,688). These were dispositions (sales), which are typically routine; the transactions were executed pursuant to a pre-established 10b5-1 trading plan.
Key Details
- Transaction date: 2026-07-06; Form 4 filed 2026-07-08 (appears timely).
- Reported sale lots and prices:
- 29,490 shares @ weighted avg $37.07 (actual prices ranged $36.66–$37.58).
- 27,908 shares @ weighted avg $36.24 (actual prices ranged $35.66–$36.655).
- 68,578 shares @ weighted avg $35.06 (actual prices ranged $34.64–$35.63).
- Total shares sold: 125,976; total proceeds ≈ $4,509,185.
- Shares owned after transaction: not included in the provided summary of this filing.
- Notable footnotes: sales were made under a 10b5-1 plan adopted Dec 12, 2025 (F1); K. Charles Janac, manager of Bayview Legacy, separately filed a Form 4 reporting the same transactions (F2); Janac is deemed to have voting/dispositive power over these shares (F4).
Context
These sales were made by a 10% owner via a 10b5-1 trading plan, meaning they were pre-scheduled and not necessarily indicative of new, private views on the company. Bayview Legacy is an institutional holder controlled by K. Charles Janac (who filed separately as the manager). Sales by large shareholders can affect float and supply but do not by themselves confirm management sentiment.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3][F4]2026-07-06$37.07/sh−29,490$1,093,209→ 8,525,557 total(indirect: See Footnote) - Sale
Common Stock
[F1][F2][F5]2026-07-06$36.24/sh−27,908$1,011,288→ 8,497,649 total(indirect: See Footnote) - Sale
Common Stock
[F1][F2][F6]2026-07-06$35.06/sh−68,578$2,404,688→ 8,429,071 total(indirect: See Footnote)
Footnotes (6)
- [F1]Transaction made pursuant to a 10b5-1 trading plan that was adopted by K. Charles Janac, as the manager of Bayview Legacy, LLC, on December 12, 2025.
- [F2]K. Charles Janac, in his individual capacity, has separately filed a Form 4 on the date hereof reporting the same transaction given his beneficial ownership of the reported security through Bayview Legacy, LLC, which he controls as its manager.
- [F3]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $36.66 to $37.58 inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]K. Charles Janac is the manager of Bayview Legacy, LLC and as such is deemed to have voting and dispositive power over the shares beneficially owned by Bayview Legacy, LLC.
- [F5]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.66 to $36.655 inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F6]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $34.64 to $35.63 inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.