Citigroup’s WOLF Form 4: stock trades and cash‑settled swaps
Rhea-AI Filing Summary
Wolfspeed (WOLF): Citigroup Inc. reported insider transactions on Form 4. The filing lists multiple trades in common stock and new cash‑settled total return swaps.
On 10/30/2025, purchases totaled 116,002 shares at a weighted average price of $26.12. On 10/31/2025, purchases were 24,773 shares at $26.67 and 53,530 shares at $27.46, and a sale of 194,423 shares at $26.18. Following these transactions, 2,585,507 shares were beneficially owned indirectly. The filing states holdings are through Citigroup Global Markets Inc. and Citibank, N.A.
Citibank, N.A. also entered two cash‑settled total return swaps on 10/30/2025 referencing 883,924 and 116,076 shares at an initial price of $26.12, with a final valuation date of June 24, 2026. The reporting person agreed to disgorge any statutory “profits” under Section 16(b).
Positive
- None.
Negative
- None.
Insights
Insider Form 4 shows large cash‑settled swaps creating short exposure and a Section 16(b) disgorgement commitment.
Citigroup reported indirect transactions in **Wolfspeed (WOLF)** on
More consequentially, CBNA entered two cash‑settled total return swaps on
Key dependencies include how these swaps’ cash flows evolve through
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, $0.00125 par value | 24,773 | $26.67 | $661K |
| Purchase | Common Stock, $0.00125 par value | 53,530 | $27.46 | $1.47M |
| Sale | Common Stock, $0.00125 par value | 194,423 | $26.18 | $5.09M |
| Other | Equity Swap (obligation to sell) | 1 | $0.00 | -- |
| Other | Equity Swap (obligation to sell) | 1 | $0.00 | -- |
| Purchase | Common Stock, $0.00125 par value | 116,002 | $26.12 | $3.03M |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares of Wolfspeed, Inc. common stock, $0.00125 par value (the "Shares") were purchased in multiple transactions at prices ranging from $25.97 to $26.17, inclusive. The Reporting Person undertakes to provide to 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 purchased at each separate price within the range set forth herein. This Form 4 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. The price reported in Column 4 is a weighted average price. These Shares were purchased in multiple transactions at prices ranging from $27.01 to $27.83, inclusive. The Reporting Person undertakes to provide to 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 purchased at each separate price within the range set forth herein. The price reported in Column 4 is a weighted average price. These Shares were purchased in multiple transactions at prices ranging from $26.01 to $27.01, inclusive. The Reporting Person undertakes to provide to 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 purchased at each separate price within the range set forth herein. The price reported in Column 4 is a weighted average price. These Shares were sold in multiple transactions at prices ranging from $25.84 to $26.81, inclusive. The Reporting Person undertakes to provide to 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 range set forth herein. CBNA entered into a cash-settled total return swap on October 30, 2025 pursuant to which it will pay any increase in, and receive any decrease in, the price of 883,924 shares of Common Stock, from an initial price per share of $26.12. The final valuation date (subject to early termination by the parties) is June 24, 2026. CBNA entered into a cash-settled total return swap on October 30, 2025 pursuant to which it will pay any increase in, and receive any decrease in, the price of 116,076 shares of Common Stock, from an initial price per share of $26.12. The final valuation date (subject to early termination by the parties) is June 24, 2026.
