SCHEDULE 13G: Manulife Entities Disclose Significant 14.28% Stake in Mobileye Global Inc. Class A Common Stock

Manulife Investment Management (US) LLC, a subsidiary of Manulife Financial Corporation, has disclosed a beneficial ownership of 14.28% of Mobileye Global Inc.'s Class A Common Stock as of December 31, 2024.

Summary

• Manulife Investment Management (US) LLC (MIM (US)), an indirect, wholly-owned subsidiary of Manulife Financial Corporation (MFC), reported beneficial ownership of 14,211,879 shares of Mobileye Global Inc.'s Class A Common Stock.
• This ownership represents 14.28% of the total 99,548,127 Class A Common Stock shares outstanding as of July 31, 2024, as reported by Mobileye Global Inc. in its Form 10-Q.
• MIM (US) holds sole voting power and sole dispositive power over all 14,211,879 shares.
• Manulife Financial Corporation itself reported 0 shares beneficially owned directly, but may be deemed to have beneficial ownership of these same shares through its parent-subsidiary relationship with MIM (US).
• The filing is an Amendment No. 9 to Schedule 13G, indicating an update to a previously reported beneficial ownership stake.

Sentiment

Score: 7

Explanation: The disclosure of a significant 14.28% beneficial ownership stake by a major institutional investor like Manulife Investment Management (US) LLC in Mobileye Global Inc. is generally viewed positively, as it suggests confidence in the company's long-term prospects. While the filing itself is a factual report, the size of the stake implies a strong conviction from a sophisticated investor.

Positives

• A significant stake of 14.28% held by a major institutional investor like Manulife Investment Management (US) LLC could be viewed as a vote of confidence in Mobileye Global Inc.'s long-term prospects and market position.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Mobileye Global Inc.'s future performance or operations.

Management Comments

• Manulife Financial Corporation, Manulife Investment Management Limited and Manulife Investment Management (US) LLC agreed that the Schedule 13G (Amendment No.9) to which this Agreement is attached, relating to the Common Stock of Evans Bancorp, Inc., is filed on behalf of each of them, as stated in the Joint Filing Agreement.
• The reporting persons certified that, to the best of their knowledge and belief, the foreign regulatory scheme applicable to their category of institutional investor is substantially comparable to the regulatory scheme applicable to functionally equivalent U.S. institutions, and undertook to furnish information otherwise disclosed in a Schedule 13D upon request.

Industry Context

This filing indicates a significant investment by a major global asset manager, Manulife, in Mobileye Global Inc., a leader in autonomous driving technology and advanced driver-assistance systems (ADAS). Such substantial institutional stakes can signal long-term confidence in the issuer's market position and growth prospects within the rapidly evolving automotive technology sector.

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding a significant institutional ownership stake, which can influence investor perception and potentially market liquidity.
• Company Management: Awareness of a large, active institutional shareholder may influence strategic decisions and corporate governance considerations.

Key Dates

Keywords

Mobileye Global Inc., Manulife Investment Management (US) LLC, Manulife Financial Corporation, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, Equity Stake, SEC Filing