Bayview Legacy, LLC trims Arteris (AIP) stake with 70,000-share 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 70,000 shares of AIP common stock. The sales occurred on June 8, 2026 in two tranches at weighted average prices of $34.7417 and $35.1596 per share.
The filing states that these transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 5, 2025. All holdings are reported as indirect, through Bayview Legacy, LLC, which is controlled by K. Charles Janac as manager.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 70,000 shares ($2,443,433)
Net Sell
2 txns
Insider
Bayview Legacy, LLC
Role
null
Sold
70,000 shs ($2.44M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 42,449 | $34.7417 | $1.47M |
| Sale | Common Stock | 27,551 | $35.1596 | $969K |
Holdings After Transaction:
Common Stock — 8,956,622 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 $33.97 to $34.96 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 $34.97 to $35.46 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.
Key Figures
Shares sold total: 70,000 shares
First block sold: 27,551 shares at $35.1596/share
Second block sold: 42,449 shares at $34.7417/share
+2 more
5 metrics
Shares sold total
70,000 shares
Net shares sold by Bayview Legacy, LLC on June 8, 2026
First block sold
27,551 shares at $35.1596/share
Open-market sale of Arteris common stock
Second block sold
42,449 shares at $34.7417/share
Open-market sale of Arteris common stock
Lower price range
$33.97–$34.96
Range for trades averaged at $34.7417
Higher price range
$34.97–$35.46
Range for trades averaged at $35.1596
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, beneficially owned, 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."
beneficially owned financial
"shares beneficially owned by Bayview Legacy, LLC."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
voting and dispositive power regulatory
"deemed to have voting and dispositive power over the shares..."
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider activity did Arteris (AIP) report in this Form 4?
Arteris (AIP) reported that Bayview Legacy, LLC, a 10% owner, sold 70,000 shares of common stock in open-market transactions. The sales were split into two trades at different weighted average prices on June 8, 2026.
Were the recent Arteris (AIP) insider sales made under a 10b5-1 plan?
Yes. The filing states the Arteris (AIP) share sales were made under a Rule 10b5-1 trading plan. This plan was adopted by K. Charles Janac, as manager of Bayview Legacy, LLC, on March 5, 2025, before the reported transactions.
Who controls Bayview Legacy, LLC in relation to Arteris (AIP) insider holdings?
Bayview Legacy, LLC’s Arteris (AIP) holdings are controlled by K. Charles Janac. The filing notes that he is the manager of Bayview Legacy, LLC and is deemed to have voting and dispositive power over the shares beneficially owned by the LLC.
How are the Arteris (AIP) insider sales by Bayview Legacy, LLC priced within the trading ranges?
The filing reports weighted average sale prices for Arteris (AIP) shares. One set of transactions ranged from $33.97 to $34.96, averaged at $34.7417, and another ranged from $34.97 to $35.46, averaged at $35.1596 per share.
Does the Arteris (AIP) Form 4 mention separate reporting by K. Charles Janac?
Yes. The Form 4 notes that K. Charles Janac has separately filed his own Form 4. That separate filing also reports the same transactions, reflecting his beneficial ownership of Arteris (AIP) shares through Bayview Legacy, LLC, which he manages.