SCHEDULE 13G/A: Citigroup Entities Disclose 3.7% Passive Stake in Innoviz Technologies Ltd.

Citigroup Global Markets Inc., Citigroup Financial Products Inc., Citigroup Global Markets Holdings Inc., and Citigroup Inc. have jointly reported a 3.7% passive beneficial ownership stake in Innoviz Technologies Ltd. as of December 31, 2024.

Summary

• Citigroup Global Markets Inc., Citigroup Financial Products Inc., Citigroup Global Markets Holdings Inc., and Citigroup Inc. are the reporting entities in this Schedule 13G Amendment No. 2 filing.
• These entities collectively beneficially own 6,118,149 Ordinary Shares of Innoviz Technologies Ltd.
• The reported beneficial ownership represents 3.7% of the total outstanding Ordinary Shares of Innoviz Technologies Ltd.
• The shares are held with shared voting power and shared dispositive power among the reporting persons.
• The filing certifies 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 the issuer.

Sentiment

Score: 5

Explanation: The document is a factual regulatory filing disclosing passive beneficial ownership and does not contain information that would inherently be considered positive or negative for the issuer's operational performance or outlook.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding Innoviz Technologies Ltd.'s future performance or strategic direction.

Management Comments

• The reporting persons certify that, to the best of their knowledge and belief, the securities were acquired and are held in the ordinary course of business and 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.

Industry Context

This filing represents a routine disclosure of a passive institutional investment by a major financial services group (Citigroup) in a technology company (Innoviz Technologies Ltd.), which is common practice for large investment firms holding stakes below the 5% threshold that would trigger more active reporting requirements.

Stakeholder Impact

• Shareholders: The disclosure of a passive stake by a major financial institution like Citigroup could be perceived as a minor vote of confidence, though it does not imply active involvement in the company's management or strategy.

Key Dates

Keywords

Innoviz Technologies, Citigroup, Schedule 13G, Beneficial Ownership, Ordinary Shares, SEC Filing, Institutional Investment