Bayview Legacy LLC trims Arteris (AIP) stake with 70,000-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 an open-market sale of 70,000 shares of common stock on May 8, 2026 at a weighted average price of $31.1998 per share. The trades occurred at prices ranging from $29.19 to $32.07 per share.
After this transaction, Bayview Legacy, LLC held 9,049,071 shares of Arteris common stock indirectly. The sale was executed under a Rule 10b5-1 trading plan adopted by K. Charles Janac, who manages Bayview Legacy, LLC and is deemed to have voting and dispositive power over these shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 70,000 shares ($2,183,986)
Net Sell
1 txn
Insider
Bayview Legacy, LLC
Role
null
Sold
70,000 shs ($2.18M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 70,000 | $31.1998 | $2.18M |
Holdings After Transaction:
Common Stock — 9,049,071 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 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 $29.19 to $32.07 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.
Key Figures
Shares sold: 70,000 shares
Weighted average sale price: $31.1998 per share
Sale price range: $29.19–$32.07 per share
+2 more
5 metrics
Shares sold
70,000 shares
Open-market sale on May 8, 2026
Weighted average sale price
$31.1998 per share
Common stock sale on May 8, 2026
Sale price range
$29.19–$32.07 per share
Range of prices for multiple transactions
Shares held after transaction
9,049,071 shares
Indirect holdings by Bayview Legacy, LLC after sale
10b5-1 plan adoption date
March 5, 2025
Date plan adopted by K. Charles Janac
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..."
ten percent owner regulatory
"is_ten_percent_owner": 1"
FAQ
What insider transaction did Bayview Legacy, LLC report for Arteris (AIP)?
Bayview Legacy, LLC reported selling 70,000 shares of Arteris common stock. The open-market sale occurred on May 8, 2026 at a weighted average price of $31.1998 per share, within an intraday range of $29.19 to $32.07.
Was the Arteris (AIP) insider sale under a Rule 10b5-1 trading plan?
Yes. The filing states the sale was made pursuant to a Rule 10b5-1 trading plan adopted on March 5, 2025. Such pre-arranged plans automate trading, indicating the timing of this 70,000-share sale was scheduled in advance.
Who controls Bayview Legacy, LLC’s Arteris (AIP) holdings according to the Form 4?
The filing explains that K. Charles Janac is the manager of Bayview Legacy, LLC and is deemed to have voting and dispositive power over its Arteris shares, giving him beneficial ownership through the LLC structure.