Bayview Legacy sells 50,000 AIP shares under 10b5-1 plan at $13.07
Rhea-AI Filing Summary
Arteris, Inc. (AIP) reporting person Bayview Legacy, LLC (managed by K. Charles Janac) sold 50,000 shares of common stock on 10/08/2025 under a pre-existing 10b5-1 trading plan. The weighted average sale price was $13.0742 (individual trades ranged from $13.00 to $13.20). After the sale, Bayview Legacy, LLC is reported to beneficially own 9,689,071 shares indirectly through the manager relationship. The filing notes that Janac separately filed an individual Form 4 to report the same transaction and confirms he is deemed to have voting and dispositive power over the shares held by Bayview Legacy, LLC.
Positive
- Transaction executed under a 10b5-1 plan, indicating pre‑planned sale and reduced questions about trade timing
- Reporting person volunteered full price breakdown upon request, supporting transparency about the weighted average price range
Negative
- None.
Insights
Sale executed under a pre-established 10b5-1 plan; beneficial ownership remains material.
The transaction is described as occurring under a 10b5-1 plan adopted on 03/05/2025, which indicates the sale was pre-authorized rather than a discretionary trade. That structure is a common governance practice to reduce timing concerns about insider knowledge.
Key dependencies include the plan's terms and whether further scheduled trades exist; monitor any subsequent Form 4 filings near-term for additional programmed sales.
Reported sale of 50,000 shares at a weighted avg $13.0742; large residual stake remains.
The filing reports a weighted average sale price with a disclosed range of $13.00–$13.20, and a remaining indirect holding of 9,689,071 shares. The manager disclosed voting and dispositive power, and filed a separate individual Form 4 reporting the same disposal.
Watch for clarifying detail if requested by regulators or investors about per‑price breakdowns; the reporting person offered to provide the number of shares sold at each price upon request, which preserves transparency.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 50,000 | $13.0742 | $654K |
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 $13.00 to $13.20 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.
