Bayview Legacy LLC trims Arteris (AIP) stake with 50,000-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 open-market sales of a total of 50,000 shares of common stock over two days. On March 9, 2026, it sold 41,000 shares at a weighted average price of $14.2104 per share, and on March 10, 2026 it sold 9,000 shares at a weighted average price of $14.6630. The filing states these trades were made under a pre-arranged Rule 10b5-1 trading plan adopted by K. Charles Janac as manager of Bayview Legacy, LLC. Following the transactions, Bayview Legacy, LLC held 9,229,071 Arteris common shares indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 50,000 shares ($714,593)
Net Sell
2 txns
Insider
Bayview Legacy, LLC
Role
10% Owner
Sold
50,000 shs ($715K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,000 | $14.663 | $132K |
| Sale | Common Stock | 41,000 | $14.2104 | $583K |
Holdings After Transaction:
Common Stock — 9,229,071 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 $14.00 to $14.63 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 $14.35 to $14.90 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.
FAQ
What insider activity did Bayview Legacy, LLC report for Arteris (AIP)?
Bayview Legacy, LLC reported selling a total of 50,000 Arteris common shares in open-market transactions. The sales occurred over two days in March 2026 and were executed under a pre-arranged Rule 10b5-1 trading plan, according to the Form 4 footnotes.
Who controls Bayview Legacy, LLC’s Arteris (AIP) holdings according to the Form 4?
The footnotes explain that K. Charles Janac is the manager of Bayview Legacy, LLC and is deemed to have voting and dispositive power over the Arteris shares beneficially owned by the LLC, clarifying who exercises control over these indirect holdings.
How are the sale prices for the Arteris (AIP) insider trades described?
The reported prices are weighted average sale prices. The footnotes note that individual trades on March 9 ranged from $14.00 to $14.63, and trades on March 10 ranged from $14.35 to $14.90, with full breakdowns available upon request.