Bayview Legacy LLC (AIP) reports bona fide gift of 50,000 Arteris shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bayview Legacy, LLC, a 10% owner of Arteris, Inc., reported a bona fide gift of 50,000 shares of Common Stock on May 18, 2026 at a stated price of $0.00 per share. This is a non-market transfer classified as a gift rather than a sale.
After the transaction, Bayview Legacy, LLC indirectly holds 8,999,071 Arteris shares. Footnotes state that K. Charles Janac controls Bayview Legacy, LLC as its manager and is deemed to have voting and dispositive power over these shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,000 shares gifted
Mixed
1 txn
Insider
Bayview Legacy, LLC
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 50,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,999,071 shares (Indirect, See Footnote)
Footnotes (1)
- 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. 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 gifted: 50,000 shares
Price per share: $0.00 per share
Shares after transaction: 8,999,071 shares
+2 more
5 metrics
Shares gifted
50,000 shares
Bona fide gift of Arteris Common Stock on May 18, 2026
Price per share
$0.00 per share
Stated transaction price for the gift transfer
Shares after transaction
8,999,071 shares
Indirect Arteris holdings by Bayview Legacy, LLC following the gift
Gift transactions
1 transaction, 50,000 shares
Form 4 transactionSummary for bona fide gifts
Ownership status
10% owner
Bayview Legacy, LLC reported as a ten percent owner of Arteris
Key Terms
bona fide gift, beneficial ownership, voting and dispositive power, ten percent owner
4 terms
bona fide gift financial
"transaction_code_description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial ownership financial
"reporting the same transaction given his beneficial ownership of the reported security"
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 financial
"is deemed to have voting and dispositive power over the shares"
ten percent owner financial
"Bayview Legacy, LLC is reported as a ten percent owner"
FAQ
What insider transaction did Bayview Legacy, LLC report for Arteris (AIP)?
Bayview Legacy, LLC reported a bona fide gift transfer of 50,000 shares of Arteris Common Stock. The transaction occurred on May 18, 2026 at a stated price of $0.00 per share, indicating a non-market, no-consideration disposition.
Is the Bayview Legacy, LLC Arteris (AIP) transaction a sale or a gift?
The transaction is classified as a bona fide gift, not a sale. The Form 4 uses transaction code G and shows a price per share of $0.00, indicating a no-consideration transfer rather than an open-market trade.
How large was the Arteris (AIP) gift compared with Bayview Legacy, LLC’s remaining holdings?
Bayview Legacy, LLC gifted 50,000 shares and retained 8,999,071 shares after the transaction. This indicates the reported gift is relatively small compared with the entity’s continuing indirect ownership position in Arteris common stock.