Form 4: Wolfspeed Executive Vice President & CFO, Neill Reynolds, Reports Stock Sale

Neill Reynolds, Executive Vice President & CFO of Wolfspeed, Inc., reported the sale of 13,909 shares of common stock at a price of $3.99 per share on April 28, 2025, according to a Form 4 filing with the SEC.

Summary

• On April 28, 2025, Neill Reynolds, the Executive Vice President & CFO of Wolfspeed, Inc., sold 13,909 shares of the company's common stock.
• The sale was executed at a price of $3.99 per share.
• Following the transaction, Reynolds directly owns 195,257 shares of Wolfspeed common stock.
• The transaction was conducted under a pre-arranged trading plan (Rule 10b5-1(c)) adopted on November 14, 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing simply reports a transaction. The existence of a 10b5-1 plan suggests the sale was pre-planned and not necessarily indicative of the executive's view of the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale by the CFO may be scrutinized by investors, though the existence of a pre-arranged trading plan mitigates concerns about opportunistic trading.

Stakeholder Impact

• The stock sale by a key executive could potentially influence investor sentiment, although the pre-arranged trading plan may lessen the impact.

Key Dates

Keywords

Wolfspeed, Neill Reynolds, Executive Vice President, CFO, stock sale, Form 4, SEC, Rule 10b5-1, trading plan