Bayview Legacy, Arteris 10% owner, sells $2.07m in stock

Bayview Legacy, LLC, a 10% owner of Arteris Inc., sold 100,000 shares of the company's stock on September 1, 2026, totaling $2,074,970. The shares were sold at an average price of $20.7497 each, with individual sale prices between $20.465 and $21.410. The sale was made via a pre-set 10b5-1 trading plan adopted by K. Charles Janac, the manager of Bayview Legacy, LLC, on December 12, 2025. This sale occurred amidst recent stock volatility, with Arteris shares falling 12% over the past week to $20.68.

Following the transaction, Bayview Legacy, LLC indirectly retains 8,229,071 shares of Arteris common stock. K. Charles Janac, as the manager, has the power to vote and dispose of these shares and filed a separate Form 4 reporting the sale. Arteris Inc., listed on NASDAQ under the ticker AIP, experienced a revenue increase of 46% year-over-year and a record in annual contract value and royalties during the second quarter of 2026.

Despite this, the company reported a loss of $0.10 per share, higher than expected. Arteris was upgraded to a 'Buy' rating by Jefferies, with a raised price target to $50.00, citing strong demand in sectors like data center, automotive, and cybersecurity, following the acquisition of Cycuity. The company has adjusted its full-year revenue guidance and aims for non-GAAP operating profit by the end of the fourth quarter.