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.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)
(Amendment No. )1
Xperi Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
98423J101
(CUSIP Number)
Rubric Capital Management LP
155 East 44th St, Suite 1630
New York, New York 10017
Attention: Brian Kleinhaus
(212) 418-1888
Ryan Nebel
Olshan Frome Wolosky LLP
1325 Avenue of the Americas
New York, New York 10019
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 19, 2024
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☒.
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
1 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 disclosures provided in a prior cover page.
The information required on 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. 98423J101
1 | NAME OF REPORTING PERSON | ||||||||||||||||||
Rubric Capital Management LP | |||||||||||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | SEC USE ONLY | ||||||||||||||||||
4 | SOURCE OF FUNDS | ||||||||||||||||||
AF, OO | |||||||||||||||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
DELAWARE | |||||||||||||||||||
NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
SHARES | |||||||||||||||||||
BENEFICIALLY | - 0 - | ||||||||||||||||||
OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
EACH | |||||||||||||||||||
REPORTING | 3,301,219 | ||||||||||||||||||
PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
- 0 - | |||||||||||||||||||
10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
3,301,219 | |||||||||||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
3,301,219 | |||||||||||||||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
7.6% | |||||||||||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
PN, IA |
2 |
CUSIP No. 98423J101
1 | NAME OF REPORTING PERSON | ||||||||||||||||||
David Rosen | |||||||||||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | SEC USE ONLY | ||||||||||||||||||
4 | SOURCE OF FUNDS | ||||||||||||||||||
AF, OO | |||||||||||||||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
USA | |||||||||||||||||||
NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
SHARES | |||||||||||||||||||
BENEFICIALLY | - 0 - | ||||||||||||||||||
OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
EACH | |||||||||||||||||||
REPORTING | 3,301,219 | ||||||||||||||||||
PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
- 0 - | |||||||||||||||||||
10 | SHARED DISPOSITIVE POWER | xA0; | |||||||||||||||||
3,301,219 | |||||||||||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
3,301,219 | |||||||||||||||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
7.6% | |||||||||||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
IN |
3 |
CUSIP No. 98423J101
1 | NAME OF REPORTING PERSON | ||||||||||||||||||
Deborah S. Conrad | |||||||||||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | SEC USE ONLY | ||||||||||||||||||
4 | SOURCE OF FUNDS | ||||||||||||||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
USA | |||||||||||||||||||
NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
SHARES | |||||||||||||||||||
BENEFICIALLY | - 0 - | ||||||||||||||||||
OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
EACH | |||||||||||||||||||
REPORTING | - 0 - | ||||||||||||||||||
PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
- 0 - | |||||||||||||||||||
10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
- 0 - | |||||||||||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
- 0 - | |||||||||||||||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
0% | |||||||||||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
IN |
4 |
CUSIP No. 98423J101
1 | NAME OF REPORTING PERSON | ||||||||||||||||||
Thomas A. Lacey | |||||||||||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | SEC USE ONLY | ||||||||||||||||||
4 | SOURCE OF FUNDS | ||||||||||||||||||
OO | |||||||||||||||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ | |||||||||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||||||||||
USA | |||||||||||||||||||
NUMBER OF | 7 | SOLE VOTING POWER | |||||||||||||||||
SHARES | |||||||||||||||||||
BENEFICIALLY | 4,208 | ||||||||||||||||||
OWNED BY | 8 | SHARED VOTING POWER | |||||||||||||||||
EACH | |||||||||||||||||||
REPORTING | - 0 - | ||||||||||||||||||
PERSON WITH | 9 | SOLE DISPOSITIVE POWER | |||||||||||||||||
< td style="border-right: Black 1pt solid; padding-left: 6pt"> | |||||||||||||||||||
4,208 | |||||||||||||||||||
10 | SHARED DISPOSITIVE POWER | ||||||||||||||||||
- 0 - | |||||||||||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||||||||||
4,208 | |||||||||||||||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | |||||||||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||||||||||
Less than 1% | |||||||||||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||||||||||
IN |
5 |
CUSIP No. 98423J101
The following constitutes the Schedule 13D filed by the undersigned (the “Schedule 13D”).
Item 1. | Security and Issuer. |
This statement relates to the common stock, par value $0.001 per share (the "Shares"), of Xperi Inc., a Delaware corporation (the "Issuer"). The address of the principal executive offices of the Issuer is 2190 Gold Street, San Jose, California 95002.
Item 2. | Identity and Background. |
(a) This statement is filed by:
(i) | Rubric Capital Management LP, a Delaware limited partnership (“Rubric Capital”), as the investment adviser to certain investment funds and/or accounts (collectively, the “Rubric Funds”) that hold Shares; |
(ii) | David Rosen, as the Managing Member of Rubric Capital Management GP LLC, a Delaware limited liability company (“Rubric GP”), the general partner of Rubric Capital; |
(iii) | Deborah S. Conrad; and |
(iv) | Thomas A. Lacey. |
Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Rubric Capital and Mr. Rosen are collectively referred to as “Rubric.” Each of the Reporting Persons is party to that certain Joint Filing and Solicitation Agreement, as defined and further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.
(b) The address of the principal office of each member of Rubric and Rubric GP is 155 East 44th St, Suite 1630, New York, New York 10017. The principal business address of each of Ms. Conrad and Mr. Lacey is a personal residence which has been retained in the files of Olshan Frome Wolosky LLP, 1325 Avenue of the Americas, New York, New York 10019.
(c) The principal business of Rubric Capital is to serve as the investment manager of the Rubric Funds. Mr. Rosen is the Managing Member of Rubric GP, which serves as the general partner of Rubric Capital, and he supervises and conducts all investment activities of Rubric Capital, including all investment decisions with respect to the assets of the Rubric Funds. Ms. Conrad most recently served as Senior Vice President, Chief Marketing Officer at Hinge Health, Inc., a healthcare technology company. Mr. Lacey currently serves on the board of directors of Kandou Bus S.A., a semiconductor company which offers differentiated and fundamental interconnect technology, and as Chairman of the board of advisors of AKHAN Technologies, Inc. (d/b/a AKHAN Semiconductor, Inc.), a semiconductor company specializing in diamond semiconductor materials and devices. Mr. Lacey previously served as the Chief Executive Officer and a director of the Issuer’s predecessor from 2013 to 2017.
(d) No Reporting Person (nor Rubric GP) has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) No Reporting Person (nor Rubric GP) has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
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CUSIP No. 98423J10 1
(f) Rubric Capital is organized under the laws of the State of Delaware. Messrs. Rosen and Lacey and Ms. Conrad are citizens of the United States of America.
Item 3. | Source and Amount of Funds or Other Consideration. |
The Shares reported herein beneficially owned by Rubric Capital were either acquired in connection with the Issuer’s spin-off from its predecessor or purchased with the working capital of the Rubric Funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The Rubric Funds acquired an aggregate of 1,541,314 Shares in connection with the Issuer’s spin-off from its predecessor. The aggregate purchase price of the 3,301,219 Shares beneficially owned by Rubric Capital is approximately $39,412,429, excluding brokerage commissions.
The Shares reported herein beneficially owned by Mr. Lacey were acquired in connection with the Issuer’s spin-off from its predecessor.
Item 4. | Purpose of Transaction. |
The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.
On January 22, 2024, Rubric Capital Master Fund LP, one of the Rubric Funds (“Rubric Master”), delivered a letter to the Issuer nominating Deborah S. Conrad and Thomas A. Lacey (the “Nominees”) for election to the Board of Directors of the Issuer (the “Board”) at the Issuer’s 2024 annual meeting of stockholders (the “Annual Meeting”).
No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, engaging in additional communications with management and the Board of the Issuer, engaging in discussions with stockholders of the Issuer or third parties, including potential acquirers and service providers about the Issuer and the Reporting Persons’ investment, making proposals to the Issuer concerning changes to the capital allocation strategy, capitalization, ownership structure, including a sale of the Issuer as a whole or in parts, Board structure (including Board composition) or operations of the Issuer, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares, or changing their intention with respect to any and all matters referred to in Item 4.
7 |
CUSIP No. 98423J101
Item 5. | Interest in Securities of the Issuer. |
(a) The aggregate percentage of Shares reported owned by each person named herein is based upon 43,465,834 Shares outstanding as of November 3, 2023, which is the total number of Shares outstanding as reported in the Issuer’s quarterly report on Form 10-Q filed with the Securities and Exchange Commission on November 13, 2023.
As of the date hereof, Rubric Capital and Mr. Rosen may be deemed to beneficially own the 3,301,219 Shares, constituting approximately 7.6% of the Shares outstanding, held in the aggregate by the Rubric Funds.
As of the date hereof, Mr. Lacey directly beneficially owns 4,208 Shares, constituting less than 1% of the Shares outstanding.
As of the date hereof, Ms. Conrad does not beneficially own any Shares, constituting 0% of the Shares outstanding.
Each Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons for the purposes of Section 13(d)(3) of the Exchange Act, and such group may be deemed to beneficially own the 3,305,427 Shares beneficially owned in the aggregate by all of the Reporting Persons, constituting approximately 7.6% of the Shares outstanding. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Exchange Act, the beneficial owners of any securities of the Issuer he, she or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he, she or it does not directly own.
(b) Each of Rubric Capital and Mr. Rosen may be deemed to share the power to vote and dispose of the Shares held by the Rubric Funds.
Mr. Lacey has the sole power to vote and dispose of the Shares held by him.
(c) Schedule A annexed hereto lists all transactions in the securities of the Issuer by the Reporting Persons during the past 60 days. Except for the swap transactions set forth therein, the counterparty of which is Morgan Stanley Capital Services LLC (“Morgan Stanley”), all of such transactions were effected in the open market.
(d) No person other than the Reporting Persons and the Rubric Funds is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares. Rubric Master has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of the Shares.
(e) Not applicable.
8 |
CUSIP No. 98423J101
Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. |
Rubric Capital, on behalf of the Rubric Funds, has entered into certain cash-settled total return swap agreements with Morgan Stanley as the counterparty (the “Swap Agreements”). The swaps with Morgan Stanley constitute economic exposure to an aggregate of 742,525 notional Shares, representing approximately 1.7% of the outstanding Shares, which have a reference price of $10.6500 and a maturity date of December 20, 2028. The Swap Agreements provide Rubric Capital with economic results that are comparable to the economic results of ownership but do not provide it with the power to vote or direct the voting or dispose of or direct the disposition of the Shares that are the subject of the Swap Agreements (such shares, the “Subject Shares”). Taking into account the Subject Shares, Rubric Capital has economic exposure to an aggregate of 4,043,744 Shares, representing approximately 9.3% of the outstanding Shares. Rubric Capital and the other Reporting Persons disclaim beneficial ownership of the Subject Shares.
On January 22, 2024, the Reporting Persons entered into a Joint Filing and Solicitation Agreement (the “Joint Filing and Solicitation Agreement”) pursuant to which, among other things, the parties agreed (i) to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer, (ii) to solicit proxies for the election of certain persons nominated for election to the Board at the Annual Meeting (including those nominated by or on behalf of Rubric), (iii) the Nominees will not enter into any transactions in the securities of the Issuer without the prior written consent of Rubric and (iv) Rubric will bear all pre-approved expenses incurred in connection with the group’s activities. A copy of the Joint Filing and Solicitation Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Each of the Nominees has granted Mr. Rosen a power of attorney (collectively, the “POAs”) to execute certain SEC filings and other documents in connection with the solicitation of proxies from the Issuer’s stockholders in connection with the Annual Meeting and any other related transactions. The POAs are attached hereto as Exhibit 99.2 and are incorporated herein by reference.
Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.
Item 7. | Material to be Filed as Exhibits. |
99.1 | Joint Filing and Solicitation Agreement, dated January 22, 2024. |
99.2 | Powers of Attorney. |
9 |
CUSIP No. 98423J101
SIGNATURES
After reasonable inquiry and to the best of his, her or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: January 23, 2024
Rubric Capital Management LP | |||
By: | Rubric Capital Management GP LLC General Partner | ||
By: |
/s/ David Rosen | ||
Name: | David Rosen | ||
Title: | Managing Member |
/s/ David Rosen | |
David Rosen Individually and as attorney-in-fact for Deborah S. Conrad and Thomas A. Lacey |
10 |
CUSIP No. 98423J101
SCHEDULE A
Transactions in the Securities of the Issuer During the Past 60 Days
Nature of the Transaction |
Securities Purchased/(Sold) |
Price Per Security($)* |
Price Range ($) |
Date of Purchase/Sale |
RUBRIC CAPITAL MANAGEMENT LP
(On Behalf of the Rubric Funds)
Purchase of Common Stock | 100,000 | 10.6008 | 10.3800 - 10.7000 | 12/22/2023 |
Sale of Cash-Settled Total Return Swap | (100,000) | 10.5829 | 10.4000 - 10.6800 | 12/22/2023 |
Purchase of Common Stock | 50,000 | 11.0226 | 10.7300 - 11.1600 | 12/26/2023 |
Sale of Cash-Settled Total Return Swap | (50,000) | 10.9968 | 10.9109 - 11.0700 | 12/26/2023 |
Purchase of Common Stock | 33,773 | 11.1207 | 11.0200 - 11.2500 | 12/27/2023 |
Sale of Cash-Settled Total Return Swap | (33,773) | 11.1047 | 11.0300 - 11.6861 | 12/27/2023 |
Purchase of Common Stock | 29,679 | 11.1401 | 10.9500 - 11.2100 | 12/28/2023 |
Sale of Cash-Settled Total Return Swap | (29,679) | 11.1268 | - | 12/28/2023 |
Purchase of Common Stock | 38,436 | 11.1688 | 11.0700 - 11.3500 | 12/29/2023 |
Sale of Cash-Settled Total Return Swap | (38,436) | 11.1537 | 11.0800 - 11.2450 | 12/29/2023 |
Purchase of Common Stock | 76,488 | 11.1466 | 10.7900 - 11.3000 | 01/02/2024 |
Sale of Cash-Settled Total Return Swap | (76,488) | 11.1326 | 11.0500 - 11.1971 | 01/02/2024 |
Purchase of Common Stock | 68,004 | 11.0340 | 10.8000 - 11.2200 | 01/03/2024 |
Sale of Cash-Settled Total Return Swap | (68,004) | 11.0189 | 10.8100 - 11.1400 | 01/03/2024 |
Purchase of Common Stock | 41,795 | 10.8150 | 10.7000 - 10.8700 | 01/04/2024 |
Sale of Cash-Settled Total Return Swap | (41,795) | 10.8043 | 10.7802 - 10.8329 | 01/04/2024 |
Purchase of Common Stock | 100,000 | 10.7599 | 10.6200 - 10.9200 | 01/05/2024 |
Sale of Cash-Settled Total Return Swap | (100,000) | 10.6904 | 10.5700 - 10.7954 | 01/05/2024 |
Purchase of Common Stock | 50,000 | 11.1742 | 10.4500 - 11.3600 | 01/08/2024 |
Sale of Cash-Settled Total Return Swap | (50,000) | 11.1467 | 10.4000 - 11.3400 | 01/08/2024 |
Purchase of Common Stock | 50,000 | 11.3749 | 11.0700 - 11.4900 | 01/09/2024 |
Sale of Cash-Settled Total Return Swap | (50,000) | 11.3651 | 11.0700 - 11.4800 | 01/09/2024 |
Purchase of Common Stock | 50,000 | 11.5560 | 11.3500 - 11.8500 | 01/10/2024 |
Sale of Cash-Settled Total Return Swap | (50,000) | 11.5476 | 11.3400 - 11.8400 | 01/10/2024 |
Purchase of Common Stock | 75,000 | 11.3917 | 11.1300 - 11.8400 | 01/11/2024 |
Sale of Cash-Settled Total Return Swap | (75,000) | 11.3803 | 11.1200 - 11.8200 | 01/11/2024 |
Purchase of Common Stock | 70,000 | 11.5815 | 11.4100 - 11.7000 | 01/12/2024 |
Sale of Cash-Settled Total Return Swap | (70,000) | 11.5699 | 11.4100 - 11.6900 | 01/12/2024 |
Purchase of Common Stock | 40,000 | 10.8419 | 10.6787 - 11.0850 | 01/16/2024 |
Sale of Cash-Settled Total Return Swap | (40,000) | 10.8334 | 10.6800 - 11.0800 | 01/16/2024 |
Purchase of Common Stock | 64,300 | 10.2610 | 10.0700 - 10.3900 | 01/17/2024 |
Sale of Cash-Settled Total Return Swap | (64,300) | 10.2516 | 10.0600 - 10.3800 | 01/17/2024 |
Purchase of Common Stock | 60,000 | 10.1434 | 10.0000 - 10.2600 | 01/18/2024 |
Sale of Cash-Settled Total Return Swap | (60,000) | 10.1345 | 10.0000 - 10.2400 | 01/18/2024 |
* The price reported in column Price Per Security ($) is a weighted average price if a price range is indicated in column Price Range ($). These securities were purchased/sold in multiple transactions at prices between the corresponding price ranges in the applicable row. The Reporting Persons undertake to provide 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 securities purchased/sold at each separate price.