CSS LLC/IL Reports New 5.91% Passive Stake in Wolfspeed, Inc. via Convertible Notes

On June 8, 2026, CSS LLC/IL filed a Schedule 13G disclosing a new 5.91% stake in Wolfspeed, Inc. (WOLF). The reporting person reported beneficial ownership of 3,036,553 common shares, based on an event date of June 5, 2026. This position primarily consists of shares the filer has the right to acquire through convertible securities rather than direct equity holdings. Specifically, the total includes 1,655,693 shares from the conversion of 2.5% Convertible Notes due 2031, 1,380,810 shares from 3.5% Convertible Notes due 2031, and 50 shares from a June 2026 listed option. The ownership percentage was calculated based on 48,339,081 shares outstanding as of May 1, 2026, adjusted for the shares CSS LLC has the right to acquire. The filing was made under Rule 13d-1(c), certifying that the securities were not acquired for the purpose of changing or influencing the control of the issuer. CSS LLC/IL maintains sole voting and dispositive power over the reported shares.