Citigroup Inc - Oct 30, 2025 Form 3 Insider Report for WOLFSPEED, INC. (WOLF)

Role: 10%+ Owner
Signature: Citigroup Inc., By:/s/Ronny Ostrow, Assistant Secretary
Stock symbol: WOLF
Transactions as of: Oct 30, 2025
Transactions value $: $0
Form type: 3
Date filed: 11/4/2025, 06:02 AM
Previous filing: Sep 13, 2022
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
CITIGROUP INC	10%+ Owner	388 GREENWICH STREET, NEW YORK	Citigroup Inc., By:/s/Ronny Ostrow, Assistant Secretary	2025-11-03	0000831001

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	WOLF	Common Stock, $0.00125 par value						2.59M	Oct 30, 2025	See footnote	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	WOLF	2.5% Convertible Second Lien Senior Secured Notes due 2031							Oct 30, 2025	Common Stock, $0.00125 par value	20.9K	$12.23	See footnote	F1
holding	WOLF	Short Put Option (obligation to buy)							Oct 30, 2025	Common Stock, $0.00125 par value	2.18K	$5.00	See footnote	F1
holding	WOLF	Equity Swap (obligation to sell)							Oct 30, 2025	Common Stock, $0.00125 par value	271K	$33.26	See footnote	F1, F2
holding	WOLF	Equity Swap (obligation to sell)							Oct 30, 2025	Common Stock, $0.00125 par value	139K	$32.18	See footnote	F1, F3
holding	WOLF	Equity Swap (obligation to sell)							Oct 30, 2025	Common Stock, $0.00125 par value	1.03M	$30.85	See footnote	F1, F4
holding	WOLF	Equity Swap (obligation to sell)							Oct 30, 2025	Common Stock, $0.00125 par value	135K	$30.85	See footnote	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 3 is being filed by Citigroup Inc. ("Citigroup" or the "Reporting Person"), which is the sole stockholder of Citigroup Global Markets Inc. ("CGMI") and Citibank, N.A. ("CBNA"), with respect to the securities held by CGMI and CBNA. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any.
F2	CBNA entered into a cash-settled total return swap pursuant to which it will pay any increase in, and receive any decrease in, the price of 271,492 shares of Common Stock, from an initial price per share of 33.26. The final valuation date (subject to early termination by the parties) is October 9, 2030.
F3	CBNA entered into a cash-settled total return swap pursuant to which it will pay any increase in, and receive any decrease in, the price of 139,152 shares of Common Stock, from an initial price per share of 32.18. The final valuation date (subject to early termination by the parties) is October 11, 2030.
F4	CBNA entered into a cash-settled total return swap pursuant to which it will pay any increase in, and receive any decrease in, the price of 1,025,351 shares of Common Stock, from an initial price per share of 30.85. The final valuation date (subject to early termination by the parties) is June 24, 2026.
F5	CBNA entered into a cash-settled total return swap pursuant to which it will pay any increase in, and receive any decrease in, the price of 134,649 shares of Common Stock, from an initial price per share of 30.85. The final valuation date (subject to early termination by the parties) is June 24, 2026.