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MBLY insider filing: Intel reduces holding by 63.7M shares at $16

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Intel Corporation, through its subsidiary Intel Overseas Funding Corporation (IOFC), disclosed sizable insider transactions in Mobileye Global Inc. (MBLY) via a Form 4 dated 11 Jul 2025.

Key transactions

  • Conversion (Code C): IOFC converted 113,731,985 Class B shares into an equal number of Class A shares. Class B carries a 1-for-1 optional conversion and no expiration.
  • Secondary sale (Code S): IOFC sold 57,500,000 Class A shares at an effective price of $16.0463 per share (offering price $16.50 less $0.45375 underwriting discount).
  • Direct sale to issuer (Code S): IOFC sold an additional 6,231,985 Class A shares to Mobileye at the same $16.0463 price.

Post-transaction ownership

  • Class A: 50,000,000 shares (indirect)
  • Class B: 597,768,015 shares (indirect, still convertible 1-for-1)

The 57.5 million-share secondary offering materially lifts Mobileye’s free float, potentially improving liquidity and index eligibility, while the 6.2 million-share repurchase is modestly accretive. However, Intel’s cumulative sale of 63.7 million shares represents significant insider selling and may impose near-term price pressure. Intel remains a >10 % owner, but the filing underscores an ongoing reduction of its economic exposure.

Positive

  • Public float expands by 57.5 million shares, likely enhancing liquidity and potential index eligibility.
  • 6.23 million-share repurchase by Mobileye slightly lowers outstanding share count and signals management confidence.

Negative

  • Intel disposed of 63.7 million shares, a sizeable insider sale that can create supply overhang and downward price pressure.
  • The filing confirms Intel’s continued stake monetization, raising the prospect of additional future share sales.

Insights

TL;DR Intel monetizes 63.7 M MBLY shares; overhang risk outweighs liquidity benefits—near-term negative.

The Form 4 shows Intel converting 113.7 M Class B shares and immediately selling 63.7 M Class A shares. At ~$16.05 per share, the gross proceeds exceed $1 billion, signalling a deliberate step-down in Intel’s stake. Such a block sale enlarges free float but introduces supply-driven pressure in the short run. Although Mobileye repurchased 6.2 M shares, the scale is only ~10 % of the shares offered, limiting accretion. Intel still controls 597.8 M Class B shares, so further disposals remain a risk. From a valuation standpoint, the transaction is dilutive to per-share ownership and indicative of continuing distribution, warranting a cautious view.

TL;DR Larger float improves tradability; insider sale signals exit but Intel keeps control—net neutral.

The added 57.5 M shares should boost liquidity, tighten spreads and aid index inclusion, a structural positive for long-only funds. Intel’s sale price near recent trading levels limits discount concerns. Retaining 647.8 M total convertible shares maintains Intel’s strategic influence, reducing governance shocks. The 6.2 M share buyback, while small, shows Mobileye’s willingness to absorb supply. Overall, the event balances liquidity gains against headline insider selling.

Insider INTEL CORP
Role 10% Owner
Sold 63,731,985 shs ($1.02B)
Type Security Shares Price Value
Conversion Class B Common Stock 113,731,985 $0.00 --
Conversion Class A Common Stock 113,731,985 $0.00 --
Sale Class A Common Stock 57,500,000 $16.0463 $922.66M
Sale Class A Common Stock 6,231,985 $16.0463 $100.00M
Holdings After Transaction: Class B Common Stock — 597,768,015 shares (Indirect, See Footnote); Class A Common Stock — 113,731,985 shares (Indirect, See Footnote)
Footnotes (1)
  1. Each share of Class B common stock ("Class B Common Stock") of Mobileye Global Inc. ("Mobileye") is convertible into one share of Class A common stock of Mobileye ("Class A Common Stock") at any time at the option of the holder. The Class B Common Stock has no expiration date. These securities are held directly by Intel Overseas Funding Corporation ("IOFC"), of which Intel Corporation is the sole stockholder. This amount represents the $16.50 secondary public offering price per share of Class A Common Stock, less the underwriting discount of $0.45375 per share. This amount represents the price per share at which securities were sold by IOFC to Mobileye.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
INTEL CORP
(Last) (First) (Middle)
2200 MISSION COLLEGE BLVD
RNB-4-151
(Street)
SANTA CLARA CA 95054
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Mobileye Global Inc. [ MBLY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/11/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 07/11/2025 C 113,731,985 A (1) 113,731,985 I See Footnote(2)
Class A Common Stock 07/11/2025 S 57,500,000 D $16.0463(3) 56,231,985 I See Footnote(2)
Class A Common Stock 07/11/2025 S 6,231,985 D $16.0463(4) 50,000,000 I See Footnote(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (1) 07/11/2025 C 113,731,985 (1) (1) Class A Common Stock 113,731,985 $0 597,768,015 I See Footnote(2)
Explanation of Responses:
1. Each share of Class B common stock ("Class B Common Stock") of Mobileye Global Inc. ("Mobileye") is convertible into one share of Class A common stock of Mobileye ("Class A Common Stock") at any time at the option of the holder. The Class B Common Stock has no expiration date.
2. These securities are held directly by Intel Overseas Funding Corporation ("IOFC"), of which Intel Corporation is the sole stockholder.
3. This amount represents the $16.50 secondary public offering price per share of Class A Common Stock, less the underwriting discount of $0.45375 per share.
4. This amount represents the price per share at which securities were sold by IOFC to Mobileye.
Remarks:
/s/ Patrick Bombach, Assistant Corporate Secretary of Intel Corporation 07/14/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many Mobileye (MBLY) shares did Intel sell in this Form 4?

Intel sold 63,731,985 Class A shares (57.5 M via public offering and 6.23 M directly to Mobileye).

What was the sale price for the MBLY shares?

The effective sale price was $16.0463 per share, reflecting the $16.50 offering price less underwriting discount.

How many shares of Mobileye does Intel still own after the transaction?

Intel, through IOFC, now holds 50 M Class A shares and 597.77 M Class B shares.

Does Intel remain a controlling shareholder of Mobileye?

Yes. Despite the sale, Intel’s combined Class A and Class B holdings leave it comfortably above the 10 % ownership threshold.

What impact does the secondary offering have on Mobileye’s share liquidity?

Adding 57.5 M publicly traded shares should increase daily trading volume and improve liquidity for MBLY stock.