Form 4: Bayview Legacy Sells Arteris Shares Under 10b5-1 Plan

Bayview Legacy, LLC, a 10% owner of Arteris, Inc., reported the sale of 2,116 shares of common stock at a weighted average price of $17.7901 per share.

Summary

• Bayview Legacy, LLC, a 10% owner of Arteris, Inc. (AIP), reported the sale of 2,116 shares of common stock.
• The transaction occurred on January 13, 2026, at a weighted average sale price of $17.7901 per share.
• The shares were sold in multiple transactions ranging from $17.7500 to $17.8100.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Bayview Legacy, LLC on March 5, 2025.
• Following the reported transaction, Bayview Legacy, LLC beneficially owns 9,416,955 shares of Arteris, Inc. common stock.
• K. Charles Janac, manager of Bayview Legacy, LLC, is deemed to have voting and dispositive power over these shares and has filed a separate Form 4 for the same transaction.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine disclosure of a pre-planned insider sale under a 10b5-1 plan, which typically does not indicate new material information about the company's performance or prospects.

Positives

• The transaction was made pursuant to a pre-arranged Rule 10b5-1 trading plan, indicating a systematic and non-discretionary sale not based on new material non-public information.

Negatives

• A 10% owner reduced their stake in the company, which could be perceived as a minor negative signal by some investors, despite the 10b5-1 plan.

Risks

• Potential for market misinterpretation of the insider sale as a negative signal, even though it was pre-planned under a 10b5-1 plan.

Future Outlook

No forward-looking statements or guidance were provided in this filing, as it is a report of an insider transaction.

Management Comments

• 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.

Industry Context

This filing is a routine disclosure of an insider transaction and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• K. Charles Janac, the manager of Bayview Legacy, LLC, is deemed to have voting and dispositive power over the shares beneficially owned by Bayview Legacy, LLC, and has filed a separate Form 4 for the same transaction.

Stakeholder Impact

• Shareholders: A minor reduction in the stake of a significant owner, which is a routine event given the 10b5-1 plan, is unlikely to have a substantial impact on the broader shareholder base.

Next Steps

• 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 reported range.

Key Dates

Recommendation

This Form 4 reports a relatively small, pre-planned sale by a 10% owner under a 10b5-1 plan. Such transactions are generally considered routine and do not typically signal a change in the company's fundamental outlook or warrant a shift in investment strategy. Therefore, a 'hold' recommendation is appropriate, as the filing itself does not provide new information to alter an existing investment thesis.

Keywords

Arteris, AIP, Bayview Legacy, Form 4, insider transaction, stock sale, 10b5-1 plan, beneficial ownership