CITIGROUP INC - 30 Oct 2025 Form 4 Insider Report for WOLFSPEED, INC. (WOLF)

Role
10%+ Owner
Signature
Citigroup Inc., By:/s/Ronny Ostrow, Assistant Secretary
Issuer symbol
WOLF
Transactions as of
30 Oct 2025
Net transactions value
+$70,608
Form type
4
Filing time
04 Nov 2025, 06:04:24 UTC
Previous filing
13 Sep 2022

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
CITIGROUP INC 10%+ Owner 388 GREENWICH STREET, NEW YORK Citigroup Inc., By:/s/Ronny Ostrow, Assistant Secretary 03 Nov 2025 0000831001

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WOLF Common Stock, $0.00125 par value Purchase $3,029,972 +116,002 +4.5% $26.12 2,701,627 30 Oct 2025 See footnote F1, F2
transaction WOLF Common Stock, $0.00125 par value Purchase $660,696 +24,773 +0.92% $26.67 2,726,400 31 Oct 2025 See footnote F2, F4
transaction WOLF Common Stock, $0.00125 par value Purchase $1,469,934 +53,530 +2% $27.46 2,779,930 31 Oct 2025 See footnote F2, F3
transaction WOLF Common Stock, $0.00125 par value Sale $5,089,994 -194,423 -7% $26.18 2,585,507 31 Oct 2025 See footnote F2, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WOLF Equity Swap (obligation to sell) Other $0 +1 $0.000000 1 30 Oct 2025 Common Stock, $0.00125 par value 883,924 $26.12 See footnote F2, F6
transaction WOLF Equity Swap (obligation to sell) Other $0 +1 $0.000000 1 30 Oct 2025 Common Stock, $0.00125 par value 116,076 $26.12 See footnote F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

CITIGROUP INC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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.

Remarks:

The Reporting Person has agreed to disgorge to the Issuer all statutory "profits" pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended, that resulted from the transactions reported herein. These transactions are being reported late due to an inadvertent administrative error.