SCHEDULE 13G/A: Bank of Montreal Affirms Passive Stake in Luminar Technologies, Inc. Below 5% Threshold

Bank of Montreal and its affiliates have filed an amended Schedule 13G, confirming their aggregate beneficial ownership in Luminar Technologies, Inc. remains below the 5% threshold as of March 31, 2025.

Summary

• Bank of Montreal, along with its subsidiaries BMO FINANCIAL CORP., BMO CAPITAL MARKETS CORP., BMO BANK N.A., and BANK OF MONTREAL, NEW YORK BRANCH, collectively reported beneficial ownership of Luminar Technologies, Inc. Common Stock.
• Bank of Montreal holds an aggregate of 1,710,006 shares, representing 4.55% of the class, with sole voting power over 1,708,964 shares and sole dispositive power over 1,710,006 shares.
• BMO FINANCIAL CORP. beneficially owns 1,706,011 shares, accounting for 4.54% of the class, with sole voting power over 1,704,969 shares and sole dispositive power over 1,706,011 shares.
• BMO BANK N.A. holds 1,600,000 shares, representing 4.26% of the class, with sole voting and dispositive power over all these shares.
• BMO CAPITAL MARKETS CORP. owns 104,969 shares, or 0.28% of the class, with sole voting and dispositive power.
• BANK OF MONTREAL, NEW YORK BRANCH holds 3,995 shares, representing 0.01% of the class, with sole voting and dispositive power.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Luminar Technologies, Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Luminar Technologies, Inc.'s future performance or operations. It solely reports beneficial ownership by Bank of Montreal and its affiliates.

Industry Context

This filing is a routine disclosure of passive beneficial ownership by a financial institution in a publicly traded company. It does not provide insights into broader industry trends or competitive dynamics within the automotive lidar or autonomous vehicle technology sectors.

Stakeholder Impact

• Shareholders: Provides transparency regarding the beneficial ownership stake held by Bank of Montreal and its affiliates in Luminar Technologies, Inc.

Next Steps

• NA

Key Dates

Keywords

Luminar Technologies, Bank of Montreal, Beneficial Ownership, Schedule 13G, SEC Filing, Common Stock, Institutional Investor, Passive Investment