Bayview Legacy LLC trims Arteris (AIP) stake via 10b5-1 stock sales
Rhea-AI Filing Summary
Bayview Legacy, LLC, a 10% owner of Arteris, Inc., reported open-market sales of the company’s common stock under a pre-arranged Rule 10b5-1 trading plan adopted on March 5, 2025.
The LLC sold 47,244 shares on February 9, 2026 at a weighted average price of $15.2053 per share and 2,756 shares on February 10, 2026 at a weighted average price of $15.0322 per share. After these transactions, it indirectly held 9,349,071 Arteris shares, with voting and dispositive power deemed to be held by manager K. Charles Janac.
Positive
- None.
Negative
- None.
Insights
Planned insider sales by major holder; modest stake reduction.
Bayview Legacy, LLC, a 10% owner of Arteris, Inc., executed open-market sales totaling 50,000 shares over two days at weighted average prices around $15 per share. The filing states these trades were made under a Rule 10b5-1 trading plan adopted on March 5, 2025.
Use of a 10b5-1 plan typically indicates pre-scheduled selling rather than opportunistic trading, which can reduce concerns about timing. Following the sales, Bayview Legacy still holds 9,349,071 shares, so the reduction is small relative to its remaining indirect position.
The filing also explains that K. Charles Janac, as manager of Bayview Legacy, is deemed to have voting and dispositive power over these shares and has filed a separate Form 4 in his individual capacity. Subsequent company filings may provide additional context on any future plan-related transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,756 | $15.0322 | $41K |
| Sale | Common Stock | 47,244 | $15.2053 | $718K |
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 $14.51 to $15.46 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. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $14.85 to $15.22 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.