Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
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Maxeon Solar Technologies, Ltd.
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(Name of Issuer)
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Ordinary Shares, no par value |
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(Title of Class of Securities)
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Y58473102
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(CUSIP Number)
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July 2, 2024
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures
provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. Y58473102
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1
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NAMES OF REPORTING PERSONS
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Graham Capital Management, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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6
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SHARED VOTING POWER
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5,362,257
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7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
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5,362,257
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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5,362,257
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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9.6%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA
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CUSIP No. Y58473102
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1
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NAMES OF REPORTING PERSONS
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KGT Inc.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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6
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SHARED VOTING POWER
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5,362,257
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7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
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5,362,257
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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5,362,257
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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9.6%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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| CO |
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CUSIP No. Y58473102
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1
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NAMES OF REPORTING PERSONS
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Kenneth Tropin
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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6
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SHARED VOTING POWER
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5,362,257
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7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
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5,362,257
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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5,362,257
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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9.6%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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CUSIP No. Y58473102
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1
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NAMES OF REPORTING PERSONS
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Graham Macro Strategic Ltd.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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British Virgin Islands
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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6
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SHARED VOTING POWER
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5,362,257
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7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
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5,362,257
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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5,362,257
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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9.6%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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CUSIP No. Y58473102
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1
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NAMES OF REPORTING PERSONS
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Graham Credit Opportunities Ltd.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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British Virgin Islands
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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6
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SHARED VOTING POWER
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5,362,257
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7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
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5,362,257
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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5,362,257
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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9.6%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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| Item 1(a). |
Name of Issuer:
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Maxeon Solar Technologies, Ltd.
| Item 1(b). |
Address of Issuer’s Principal Executive Offices:
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8 Marina Boulevard #05-02
Marina Bay Financial Centre
Singapore 018981
| Item 2(a). |
Names of Persons Filing:
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The names of the persons filing this report (“Reporting Persons”) are:
Kenneth Tropin
KGT Inc.
Graham Capital Management, L.P.
Graham Macro Strategic Ltd.
Graham Credit Opportunities Ltd.
| Item 2(b). |
Address of Principal Business Office or, if None, Residence:
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40 Highland Avenue
Rowayton, CT 06853
| Item 2(c). |
Citizenship:
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Graham Capital Management and KGT Inc. are organized under the laws of the State of Delaware. Graham Macro Strategic Ltd. and Graham Credit Opportunities Ltd. are corporations organized in the
British Virgin Islands. Mr. Tropin is a United States citizen.
| Item 2(d). |
Title of Class of Securities:
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Ordinary Shares, no par value (“Ordinary Shares”)
| Item 2(e). |
CUSIP Number:
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Y58473102
| Item 3. |
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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Not applicable.
| Item 4. |
Ownership.
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The information required by this item with respect to each Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. The ownership percentages reported are
based on 55,705,553 Ordinary Shares outstanding as of June 17, 2024 as reported by the Issuer in its Report on Form 6-K filed with the Securities and Exchange Commission (the “SEC”) on that same date.
| Item 5. |
Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check
the following ☐.
| Item 6. |
Ownership of More than Five Percent on Behalf of Another Person.
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Not applicable.
| Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
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Not applicable.
| Item 8. |
Identification and Classification of Members of the Group.
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Not applicable.
| Item 9. |
Notice of Dissolution of Group.
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Not applicable.
| Item 10. |
Certification.
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect
of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a
nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
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Date:
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July 10, 2024
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KENNETH TROPIN
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/s/ Kenneth Tropin
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Name: Kenneth Tropin
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KGT Inc.
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By:
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/s/ Brian Douglas
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Name:
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Brian Douglas
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Title:
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Chief Executive Officer | |
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GRAHAM CAPITAL MANAGEMENT, L.P.
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By:
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/s/ Brian Douglas
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Name:
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Brian Douglas
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Title:
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Chief Executive Officer
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GRAHAM MACRO STRATEGIC LTD.
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By:
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/s/ Brian Douglas
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Name:
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Brian Douglas
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Title:
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Chief Executive Officer, Graham Capital Management, L.P., as investment adviser
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GRAHAM CREDIT OPPORTUNITIES LTD.
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By:
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/s/ Brian Douglas
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Name:
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Brian Douglas
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Title:
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Chief Executive Officer, Graham Capital Management, L.P., as investment adviser
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Exhibit List