AIP manager disposes of 100,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
Arteris, Inc. insider filing reports that Bayview Legacy, LLC, an entity managed by K. Charles Janac, sold 100,000 shares of Arteris common stock on 10/06/2025 under a 10b5-1 trading plan. The sales were executed in multiple transactions at weighted-average price $13.1045, with trade prices ranging from $12.50 to $13.85. After the disposition, Bayview Legacy, LLC is reported to beneficially own 9,739,071 shares, and Janac is deemed to have voting and dispositive power as the manager. Janac also filed a separate Form 4 reporting the same sale in his individual capacity.
Positive
- Transaction executed under a 10b5-1 plan, indicating pre-arranged timing rather than opportunistic insider trading
- Reporting transparency: filing discloses weighted-average price and price range and offers to provide trade-level detail on request
- Large retained stake: Bayview Legacy, LLC still beneficially owns 9,739,071 shares after the sale
Negative
- Reduction in holdings by 100,000 shares, representing a realized disposition by an insider-controlled entity
Insights
Insider sale under a pre-established trading plan reduces timing concerns but changes ownership stake.
The sale of 100,000 shares was executed pursuant to a 10b5-1 plan adopted on 03/05/2025, which indicates the transactions were pre-planned rather than opportunistic. The filing also clarifies that the reported price is a weighted average of multiple trades between $12.50 and $13.85
Key dependencies include the unchanged beneficial ownership of 9,739,071 shares and the manager role of K. Charles Janac. Monitor next periodic filings for further planned sales or changes in beneficial ownership within a 90-180 day horizon.
Sale size is small relative to total holdings but may be notable for liquidity events.
The reported disposal of 100,000 shares at a weighted-average price of $13.1045 represents a discrete liquidity event; however, the group continues to hold a large position of 9,739,071 shares after the sale. The filing discloses the price range and offers to provide granular trade-level details on request.
Near-term market impact is likely limited given retained holdings; follow subsequent Form 4s for cumulative sale trends over the next quarter.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 100,000 | $13.1045 | $1.31M |
Footnotes (1)
- Transaction made pursuant to a 10b5-1 trading plan that was adopted by K. Charles Janac, as the manager of Bayview Legacy, LLC, on March 5, 2025. 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. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $12.50 to $13.85 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. 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.
