[6-K] STMicroelectronics N.V. Current Report (Foreign Issuer)
flyExclusive, Inc. (NYSE American: FLYX) filed an 8-K (Item 8.01) announcing it has waived the lock-up that restricted EG Sponsor LLC from selling 5.625 MM Class A shares and 4.333 MM warrants until 27 Dec 2026. The waiver, executed 25 Jul 2025 and effective immediately, is intended to clear a March 2025 Russell 2000 rule that bars index inclusion while such restrictions are in place. Management believes Russell inclusion would raise trading volume, liquidity and enhance access to its at-the-market program.
The Audit & Risk Committee and the full Board (with interested directors Gregg Hymowitz and Gary Fegel recused) approved the waiver in line with company policy. All other terms of the 2021 Letter Agreement between the Company and EG Sponsor LLC remain unchanged.
No financial metrics were disclosed; the filing is limited to governance actions surrounding the share release and potential index listing.
flyExclusive, Inc. (NYSE American: FLYX) ha presentato un modulo 8-K (Voce 8.01) annunciando di aver rinunciato al periodo di lock-up che impediva a EG Sponsor LLC di vendere 5,625 milioni di azioni di Classe A e 4,333 milioni di warrant fino al 27 dicembre 2026. La rinuncia, eseguita il 25 luglio 2025 ed efficace immediatamente, mira a eliminare una regola del Russell 2000 di marzo 2025 che vieta l'inclusione nell'indice finché tali restrizioni sono in vigore. Il management ritiene che l'inclusione nel Russell aumenterebbe il volume di scambi, la liquidità e migliorerebbe l'accesso al programma di vendita sul mercato.
Il Comitato per la Revisione e i Rischi e l'intero Consiglio di Amministrazione (con i direttori interessati Gregg Hymowitz e Gary Fegel astenuti) hanno approvato la rinuncia in conformità con la politica aziendale. Tutti gli altri termini dell'Accordo Lettera 2021 tra la Società e EG Sponsor LLC restano invariati.
Non sono stati divulgati dati finanziari; la comunicazione si limita ad azioni di governance relative al rilascio delle azioni e alla possibile quotazione nell'indice.
flyExclusive, Inc. (NYSE American: FLYX) presentó un formulario 8-K (Ítem 8.01) anunciando que ha renunciado al período de bloqueo que restringía a EG Sponsor LLC de vender 5.625 millones de acciones Clase A y 4.333 millones de warrants hasta el 27 de diciembre de 2026. La renuncia, ejecutada el 25 de julio de 2025 y efectiva de inmediato, tiene como objetivo eliminar una regla del Russell 2000 de marzo de 2025 que impide la inclusión en el índice mientras dichas restricciones estén vigentes. La dirección cree que la inclusión en Russell aumentaría el volumen de negociación, la liquidez y mejoraría el acceso a su programa de venta en el mercado.
El Comité de Auditoría y Riesgos y la Junta Directiva completa (con los directores interesados Gregg Hymowitz y Gary Fegel recusados) aprobaron la renuncia conforme a la política de la empresa. Todos los demás términos del Acuerdo de Carta de 2021 entre la Compañía y EG Sponsor LLC permanecen sin cambios.
No se divulgaron métricas financieras; la presentación se limita a acciones de gobernanza relacionadas con la liberación de acciones y la posible inclusión en el índice.
flyExclusive, Inc. (NYSE American: FLYX)는 8-K 서류(항목 8.01)를 제출하여 EG Sponsor LLC가 562.5만 클래스 A 주식과 433.3만 워런트를 2026년 12월 27일까지 매도하지 못하도록 제한한 락업 조항을 면제했다고 발표했습니다. 이 면제는 2025년 7월 25일에 실행되어 즉시 효력을 발휘하며, 2025년 3월 러셀 2000 지수 규칙에 따른 지수 편입 제한을 해제하기 위한 것입니다. 경영진은 러셀 편입이 거래량과 유동성을 증가시키고 시장 판매 프로그램 접근성을 향상시킬 것으로 보고 있습니다.
감사 및 리스크 위원회와 전체 이사회(이해관계자인 Gregg Hymowitz와 Gary Fegel 이사들은 기권)는 회사 정책에 따라 이 면제를 승인했습니다. 2021년 회사와 EG Sponsor LLC 간 체결된 서한 계약의 다른 조건들은 변경되지 않았습니다.
재무 지표는 공개되지 않았으며, 이번 제출은 주식 해제와 잠재적 지수 편입 관련 거버넌스 조치에 한정됩니다.
flyExclusive, Inc. (NYSE American : FLYX) a déposé un formulaire 8-K (point 8.01) annonçant qu'elle a renoncé à la période de blocage empêchant EG Sponsor LLC de vendre 5,625 millions d’actions de Classe A et 4,333 millions de bons de souscription jusqu’au 27 décembre 2026. Cette renonciation, exécutée le 25 juillet 2025 et effective immédiatement, vise à lever une règle du Russell 2000 de mars 2025 qui interdit l’inclusion dans l’indice tant que ces restrictions sont en vigueur. La direction estime que l’inclusion dans le Russell augmenterait le volume des échanges, la liquidité et améliorerait l’accès à son programme de vente sur le marché.
Le comité d’audit et des risques ainsi que l’ensemble du conseil d’administration (avec les administrateurs concernés Gregg Hymowitz et Gary Fegel récusés) ont approuvé cette renonciation conformément à la politique de l’entreprise. Toutes les autres modalités de la lettre d’accord de 2021 entre la société et EG Sponsor LLC restent inchangées.
Aucune donnée financière n’a été divulguée ; le dépôt se limite aux actions de gouvernance liées à la libération des actions et à la possible inscription à l’indice.
flyExclusive, Inc. (NYSE American: FLYX) reichte ein 8-K Formular (Punkt 8.01) ein und gab bekannt, dass die Lock-up-Vereinbarung aufgehoben wurde, die EG Sponsor LLC daran hinderte, 5,625 Millionen Class A Aktien und 4,333 Millionen Warrants bis zum 27. Dezember 2026 zu verkaufen. Der Verzicht, der am 25. Juli 2025 ausgeführt wurde und sofort wirksam ist, soll eine im März 2025 erlassene Russell 2000 Regelung aufheben, die eine Indexaufnahme bei bestehenden Beschränkungen verbietet. Das Management ist der Ansicht, dass eine Aufnahme in den Russell das Handelsvolumen, die Liquidität erhöhen und den Zugang zum At-the-Market-Programm verbessern würde.
Der Prüfungs- und Risikoausschuss sowie der gesamte Vorstand (mit den interessierten Direktoren Gregg Hymowitz und Gary Fegel, die sich zurückgezogen haben) genehmigten den Verzicht gemäß der Unternehmenspolitik. Alle anderen Bedingungen des Letter Agreements von 2021 zwischen der Gesellschaft und EG Sponsor LLC bleiben unverändert.
Es wurden keine finanziellen Kennzahlen offengelegt; die Einreichung beschränkt sich auf Governance-Maßnahmen im Zusammenhang mit der Freigabe der Aktien und einer möglichen Indexaufnahme.
- Facilitates potential Russell 2000 inclusion, which may add index-tracker demand and improve liquidity.
- Independent Audit & Risk Committee and disinterested Board approval mitigate conflict-of-interest concerns.
- Immediate release of 5.625 MM shares and 4.333 MM warrants could increase supply and pressure share price.
- Altering previously agreed lock-up may erode investor trust and signal willingness to renegotiate protections.
Insights
TL;DR Waiver boosts free float for Russell 2000 bid; liquidity up, supply risk rises—net moderately positive.
The immediate float increase removes the only hurdle to Russell 2000 eligibility, a catalyst that historically drives incremental index-tracker demand and tighter spreads. Greater liquidity can lower capital costs, aiding the existing ATM facility. Although 5.6 MM shares (~x % of outstanding*) and 4.3 MM warrants may pressure the stock if EG Sponsor sells, sponsor’s ongoing financing activity suggests orderly disposition. Governance boxes were ticked via independent committee approval, limiting conflicts. Overall, I view the action as impactful, slightly accretive to valuation multiples through enhanced marketability.
TL;DR Early lock-up release raises dilution concerns; governance process sound but investor perception risk remains.
Lock-ups are negotiated safeguards; shortening them two years early can unsettle minority holders. Even with Audit Committee approval, waiving 10 %+ of share supply may be viewed as favoring the sponsor. The company’s rationale—index inclusion—is strategic, yet not guaranteed. Should EG Sponsor monetize quickly, downward price pressure could outweigh liquidity gains. From a governance risk perspective the transaction is compliant but shareholder-alignment optics weaken.
flyExclusive, Inc. (NYSE American: FLYX) ha presentato un modulo 8-K (Voce 8.01) annunciando di aver rinunciato al periodo di lock-up che impediva a EG Sponsor LLC di vendere 5,625 milioni di azioni di Classe A e 4,333 milioni di warrant fino al 27 dicembre 2026. La rinuncia, eseguita il 25 luglio 2025 ed efficace immediatamente, mira a eliminare una regola del Russell 2000 di marzo 2025 che vieta l'inclusione nell'indice finché tali restrizioni sono in vigore. Il management ritiene che l'inclusione nel Russell aumenterebbe il volume di scambi, la liquidità e migliorerebbe l'accesso al programma di vendita sul mercato.
Il Comitato per la Revisione e i Rischi e l'intero Consiglio di Amministrazione (con i direttori interessati Gregg Hymowitz e Gary Fegel astenuti) hanno approvato la rinuncia in conformità con la politica aziendale. Tutti gli altri termini dell'Accordo Lettera 2021 tra la Società e EG Sponsor LLC restano invariati.
Non sono stati divulgati dati finanziari; la comunicazione si limita ad azioni di governance relative al rilascio delle azioni e alla possibile quotazione nell'indice.
flyExclusive, Inc. (NYSE American: FLYX) presentó un formulario 8-K (Ítem 8.01) anunciando que ha renunciado al período de bloqueo que restringía a EG Sponsor LLC de vender 5.625 millones de acciones Clase A y 4.333 millones de warrants hasta el 27 de diciembre de 2026. La renuncia, ejecutada el 25 de julio de 2025 y efectiva de inmediato, tiene como objetivo eliminar una regla del Russell 2000 de marzo de 2025 que impide la inclusión en el índice mientras dichas restricciones estén vigentes. La dirección cree que la inclusión en Russell aumentaría el volumen de negociación, la liquidez y mejoraría el acceso a su programa de venta en el mercado.
El Comité de Auditoría y Riesgos y la Junta Directiva completa (con los directores interesados Gregg Hymowitz y Gary Fegel recusados) aprobaron la renuncia conforme a la política de la empresa. Todos los demás términos del Acuerdo de Carta de 2021 entre la Compañía y EG Sponsor LLC permanecen sin cambios.
No se divulgaron métricas financieras; la presentación se limita a acciones de gobernanza relacionadas con la liberación de acciones y la posible inclusión en el índice.
flyExclusive, Inc. (NYSE American: FLYX)는 8-K 서류(항목 8.01)를 제출하여 EG Sponsor LLC가 562.5만 클래스 A 주식과 433.3만 워런트를 2026년 12월 27일까지 매도하지 못하도록 제한한 락업 조항을 면제했다고 발표했습니다. 이 면제는 2025년 7월 25일에 실행되어 즉시 효력을 발휘하며, 2025년 3월 러셀 2000 지수 규칙에 따른 지수 편입 제한을 해제하기 위한 것입니다. 경영진은 러셀 편입이 거래량과 유동성을 증가시키고 시장 판매 프로그램 접근성을 향상시킬 것으로 보고 있습니다.
감사 및 리스크 위원회와 전체 이사회(이해관계자인 Gregg Hymowitz와 Gary Fegel 이사들은 기권)는 회사 정책에 따라 이 면제를 승인했습니다. 2021년 회사와 EG Sponsor LLC 간 체결된 서한 계약의 다른 조건들은 변경되지 않았습니다.
재무 지표는 공개되지 않았으며, 이번 제출은 주식 해제와 잠재적 지수 편입 관련 거버넌스 조치에 한정됩니다.
flyExclusive, Inc. (NYSE American : FLYX) a déposé un formulaire 8-K (point 8.01) annonçant qu'elle a renoncé à la période de blocage empêchant EG Sponsor LLC de vendre 5,625 millions d’actions de Classe A et 4,333 millions de bons de souscription jusqu’au 27 décembre 2026. Cette renonciation, exécutée le 25 juillet 2025 et effective immédiatement, vise à lever une règle du Russell 2000 de mars 2025 qui interdit l’inclusion dans l’indice tant que ces restrictions sont en vigueur. La direction estime que l’inclusion dans le Russell augmenterait le volume des échanges, la liquidité et améliorerait l’accès à son programme de vente sur le marché.
Le comité d’audit et des risques ainsi que l’ensemble du conseil d’administration (avec les administrateurs concernés Gregg Hymowitz et Gary Fegel récusés) ont approuvé cette renonciation conformément à la politique de l’entreprise. Toutes les autres modalités de la lettre d’accord de 2021 entre la société et EG Sponsor LLC restent inchangées.
Aucune donnée financière n’a été divulguée ; le dépôt se limite aux actions de gouvernance liées à la libération des actions et à la possible inscription à l’indice.
flyExclusive, Inc. (NYSE American: FLYX) reichte ein 8-K Formular (Punkt 8.01) ein und gab bekannt, dass die Lock-up-Vereinbarung aufgehoben wurde, die EG Sponsor LLC daran hinderte, 5,625 Millionen Class A Aktien und 4,333 Millionen Warrants bis zum 27. Dezember 2026 zu verkaufen. Der Verzicht, der am 25. Juli 2025 ausgeführt wurde und sofort wirksam ist, soll eine im März 2025 erlassene Russell 2000 Regelung aufheben, die eine Indexaufnahme bei bestehenden Beschränkungen verbietet. Das Management ist der Ansicht, dass eine Aufnahme in den Russell das Handelsvolumen, die Liquidität erhöhen und den Zugang zum At-the-Market-Programm verbessern würde.
Der Prüfungs- und Risikoausschuss sowie der gesamte Vorstand (mit den interessierten Direktoren Gregg Hymowitz und Gary Fegel, die sich zurückgezogen haben) genehmigten den Verzicht gemäß der Unternehmenspolitik. Alle anderen Bedingungen des Letter Agreements von 2021 zwischen der Gesellschaft und EG Sponsor LLC bleiben unverändert.
Es wurden keine finanziellen Kennzahlen offengelegt; die Einreichung beschränkt sich auf Governance-Maßnahmen im Zusammenhang mit der Freigabe der Aktien und einer möglichen Indexaufnahme.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2025
Commission File Number: 1-13546
STMicroelectronics N.V.
(Name of Registrant)
WTC Schiphol Airport
Schiphol Boulevard 265
1118 BH Schiphol Airport
The Netherlands
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Enclosure: A press release dated July 28, 2025, announcing the results of trading in STMicroelectronics’ own shares as part of the previously announced share buy-back program for the period from July 21, 2025, to July 25, 2025.
PR N°C3351C
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from July 21, 2025 to July 25, 2025
AMSTERDAM – July 28, 2025 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated June 21, 2024. The Program was approved by a shareholder resolution dated May 22, 2024 and by the supervisory board.
STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between July 21, 2025 to July 25, 2025 (the “Period”), of 474,844 ordinary shares (equal to 0.05% of its issued share capital) at the weighted average purchase price per share of EUR 24.9079 and for an overall price of EUR 11,827,369.61.
The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from share option programmes, or other allocations of shares, to employees or to members of the administrative, management or supervisory bodies of the issuer or of an associate company.
The shares may be held in treasury prior to being used for such purpose and, to the extent that they are not ultimately needed for such purpose, they may be used for any other lawful purpose under article 5(2) of the Market Abuse Regulation.
Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STMicroelectronics (ISIN: NL0000226223), in detailed form.
Transactions in Period
| Dates of transaction |
Number of shares purchased |
Weighted average purchase price per share (EUR) |
Total amount paid (EUR) |
Market on which the shares were bought (MIC code) |
| 21-Jul-25 | 40,000 | 28.2334 | 1,129,336.00 | XPAR |
| 22-Jul-25 | 54,805 | 27.7901 | 1,523,036.43 | XPAR |
| 23-Jul-25 | 100,000 | 27.2366 | 2,723,660.00 | XPAR |
| 24-Jul-25 | 126,039 | 23.6918 | 2,986,090.78 | XPAR |
| 25-Jul-25 | 154,000 | 22.5016 | 3,465,246.40 | XPAR |
| Total for Period | 474,844 | 24.9079 | 11,827,369.61 |
Following the share buybacks detailed above, the Company holds in total 17,839,774 treasury shares, which represents approximately 2.0% of the Company’s issued share capital.
In accordance with Article 5(1)(b) of the Market Abuse Regulation and Article 2(3) of Commission Delegated Regulation (EU) 2016/1052, a full breakdown of the individual trades in the Program are disclosed on the ST website (https://investors.st.com/stock-and-bond-information/share-buyback).
About STMicroelectronics
At ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027. Further information can be found at www.st.com.
For further information, please contact:
INVESTOR RELATIONS
Jérôme Ramel
EVP Corporate Development & Integrated External Communication
Tel: +41.22.929.59.20
jerome.ramel@st.com
MEDIA RELATIONS
Alexis Breton
Group VP Corporate External Communications
Tel: +33.6.59.16.79.08
alexis.breton@st.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| STMicroelectronics N.V. | |||
| Date: | July 28, 2025 | By: | /s/ Lorenzo Grandi |
| Name: | Lorenzo Grandi | ||
| Title: |
President and Chief Financial Officer
|
FAQ
Why did flyExclusive (FLYX) waive the EG Sponsor lock-up early?
How many shares and warrants are now unrestricted?
Was the waiver approved by independent directors?
Does this filing include any earnings or revenue data?
Could the additional float dilute existing shareholders?
