Bayview Legacy LLC cuts Arteris (AIP) stake in 192,686-share 10b5-1 sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bayview Legacy, LLC, a 10% owner of Arteris, Inc., reported open-market sales of 192,686 shares of Arteris common stock. The trades occurred on July 2, 2026 across eight transactions at weighted average prices between $34.77 and $43.24 per share. The filing notes that these sales were made pursuant to a Rule 10b5-1 trading plan adopted by Bayview’s manager, K. Charles Janac, on December 12, 2025, indicating the transactions were pre-scheduled rather than opportunistic.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 192,686 shares ($6,998,654)
Net Sell
8 txns
Insider
Bayview Legacy, LLC
Role
null
Sold
192,686 shs ($7.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,000 | $37.6074 | $414K |
| Sale | Common Stock | 39,880 | $36.6961 | $1.46M |
| Sale | Common Stock | 26,348 | $35.6723 | $940K |
| Sale | Common Stock | 80,042 | $34.7706 | $2.78M |
| Sale | Common Stock | 24,691 | $38.8891 | $960K |
| Sale | Common Stock | 5,482 | $39.7237 | $218K |
| Sale | Common Stock | 2,500 | $40.7832 | $102K |
| Sale | Common Stock | 2,743 | $43.2358 | $119K |
Holdings After Transaction:
Common Stock — 8,736,733 shares (Indirect, See Footnote)
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 December 12, 2025. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $40.44 to $40.90 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. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $42.57 to $43.51 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, 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 $37.20 to $38.17 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 $36.20 to $37.19 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. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.20 to $36.19 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. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $34.20 to $35.19 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. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $38.27 to $39.25 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. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $39.30 to $40.29 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.
Key Figures
Shares sold: 192,686 shares
Number of transactions: 8 sales
Highest reported weighted average price: $43.2358/share
+4 more
7 metrics
Shares sold
192,686 shares
Total common shares sold on July 2, 2026
Number of transactions
8 sales
Open-market common stock sales on July 2, 2026
Highest reported weighted average price
$43.2358/share
One of the July 2, 2026 sale prices
Lowest reported weighted average price
$34.7706/share
One of the July 2, 2026 sale prices
Net share direction
-192,686 shares
Net-sell activity per transaction summary
10b5-1 plan adoption date
December 12, 2025
Adoption date of trading plan governing these sales
Insider status
10% owner
Bayview Legacy, LLC ownership classification
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, beneficial ownership, voting and dispositive power, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"Transaction made pursuant to a 10b5-1 trading plan that was adopted..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price reported in Column 4 is a weighted average sale price."
beneficial ownership financial
"given his beneficial ownership of the reported security through Bayview Legacy, LLC..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
voting and dispositive power regulatory
"is deemed to have voting and dispositive power over the shares..."
open market or private transaction financial
"Sale in open market or private transaction"
FAQ
What did Bayview Legacy, LLC report in its latest Form 4 for Arteris (AIP)?
Bayview Legacy, LLC reported selling 192,686 shares of Arteris common stock in eight open-market transactions on July 2, 2026. These indirect sales reflect activity by a 10% owner and were executed under a pre-established Rule 10b5-1 trading plan.
What role does K. Charles Janac play in Bayview Legacy, LLC’s Arteris (AIP) holdings?
The footnotes explain that K. Charles Janac is the manager of Bayview Legacy, LLC and is deemed to have voting and dispositive power over its Arteris shares. He also filed a separate Form 4 reporting the same transactions due to his beneficial ownership through Bayview.