Arteris (AIP) 10% Owner Bayview Legacy Sells 100,000 Shares

What Happened
Bayview Legacy, LLC (a reported 10% owner of Arteris, Inc.), managed by K. Charles Janac, sold 100,000 shares of Arteris common stock on September 1, 2026. The weighted-average sale price was $20.75 per share, generating gross proceeds of approximately $2,074,970. The sales were executed under a pre-established 10b5-1 trading plan adopted December 12, 2025. K. Charles Janac separately filed a Form 4 the same day to report the transaction given his control of Bayview Legacy.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (timely filing).
• Transaction type/code: Sale (S) — open market or private sale.
• Shares sold: 100,000; weighted-average price: $20.75; total proceeds ≈ $2,074,970.
• Price range: individual sales executed between $20.465 and $21.410; per-trade breakdown available on request (footnote).
• Beneficial owner: Bayview Legacy, LLC (10% owner); K. Charles Janac is manager and deemed to have voting and dispositive power (footnote).
• Trades made pursuant to a 10b5-1 plan adopted 12/12/2025 (footnote).
• Shares owned after transaction: not specified in the information provided.

Context
Sales by large holders or entities under 10b5-1 plans are often routine and preplanned; they do not necessarily indicate a change in the manager’s view of the company’s prospects. Because Bayview Legacy is a 10% owner (and the trades were under a 10b5-1 plan), this is institutional/manager-directed trading rather than an ad hoc insider trade.