[Form 3] WOLFSPEED, INC. Initial Statement of Beneficial Ownership
Rhea-AI Filing Summary
Wolfspeed (WOLF): Initial ownership filing. Citigroup Inc. filed a Form 3 reporting indirect beneficial ownership of 2,585,625 shares of Wolfspeed common stock. The filing date of event is 10/30/2025.
The report also lists derivative positions held indirectly, including 2.5% Convertible Second Lien Senior Secured Notes due 2031 convertible into 20,928 shares at an exercise price of $12.2323, a short put option for 2,175 shares at $5 expiring 01/16/2026, and multiple cash-settled total return equity swaps: 271,492 shares at an initial price of $33.26 (final valuation 10/09/2030), 139,152 shares at $32.18 (10/11/2030), and two swaps for 1,025,351 and 134,649 shares at $30.85 (both final valuation 06/24/2026). Citigroup disclaims beneficial ownership except to the extent of its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | 2.5% Convertible Second Lien Senior Secured Notes due 2031 | -- | -- | -- |
| holding | Short Put Option (obligation to buy) | -- | -- | -- |
| holding | Equity Swap (obligation to sell) | -- | -- | -- |
| holding | Equity Swap (obligation to sell) | -- | -- | -- |
| holding | Equity Swap (obligation to sell) | -- | -- | -- |
| holding | Equity Swap (obligation to sell) | -- | -- | -- |
| holding | Common Stock, $0.00125 par value | -- | -- | -- |
Footnotes (1)
- This Form 3 is being filed by Citigroup Inc. ("Citigroup" or the "Reporting Person"), which is the sole stockholder of Citigroup Global Markets Inc. ("CGMI") and Citibank, N.A. ("CBNA"), with respect to the securities held by CGMI and CBNA. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any. CBNA entered into a cash-settled total return swap pursuant to which it will pay any increase in, and receive any decrease in, the price of 271,492 shares of Common Stock, from an initial price per share of 33.26. The final valuation date (subject to early termination by the parties) is October 9, 2030. CBNA entered into a cash-settled total return swap pursuant to which it will pay any increase in, and receive any decrease in, the price of 139,152 shares of Common Stock, from an initial price per share of 32.18. The final valuation date (subject to early termination by the parties) is October 11, 2030. CBNA entered into a cash-settled total return swap pursuant to which it will pay any increase in, and receive any decrease in, the price of 1,025,351 shares of Common Stock, from an initial price per share of 30.85. The final valuation date (subject to early termination by the parties) is June 24, 2026. CBNA entered into a cash-settled total return swap pursuant to which it will pay any increase in, and receive any decrease in, the price of 134,649 shares of Common Stock, from an initial price per share of 30.85. The final valuation date (subject to early termination by the parties) is June 24, 2026.
