WOLF WOLFSPEED, INC. Insider Trading

Citigroup (10% owner) bought 194,305 shares for $5.2M while selling 194,423 shares for $5.1M at WOLF on Oct 30–31, net flat.

Citigroup executed a near-offset pair of transactions over two days, purchasing 194,305 shares across three separate buys for $5,160,601.95 and immediately selling 194,423 shares for $5,089,994.14, resulting in a net position reduction of 118 shares. The transactions were priced between $26.12 and $27.46 on the buy side and $26.18 on the sell side, with a blended buy average of approximately $26.55 — slightly above the sell price. Post-transaction holdings remain at 2,585,507 shares, representing no meaningful change to Citigroup's 10% stake. Against Wolfspeed's current price of $21.90 (down 38.2% from its 52-week high of $35.42) and the company's recent losses ($-285.5M net income in the latest quarter), the near-parity buy-and-sell volume and timing raises questions about whether this represents portfolio rebalancing, arbitrage positioning, or other institutional portfolio management rather than a conviction-driven accumulation signal.

WOLF Director Dorchak bought 3,592 shares at $8.33; 4 other insiders bought in past 14 days amid -78.8% YTD decline and $-282.2M loss

Dorchak Glenda, a director, purchased 3,592 shares at $8.33 on 2024-11-22 as part of a cluster pattern with 4 other insiders buying within the past 14 days. This coordinated buying activity occurs as WOLF trades at -78.8% from its 52-week high of $46.84 and has declined -33.1% over the past 30 days. The company is unprofitable, reporting $-282.2M in net income against $194.7M quarterly revenue, with full-year revenue declining -12.4% year-over-year and a market cap of $1.3B. The convergence of near-simultaneous insider purchases during a period of severe price deterioration and persistent losses may indicate insiders view current valuations as compelling, or alternatively may reflect scheduled trading activity unrelated to conviction about near-term prospects. Investors should assess whether this cluster buy represents genuine repositioning or coincidental timing.

Director Jackson Darren R bought 36,975 shares of WOLF at $6.76 on 2024-11-20 ($250.0K); stock down -86.2% from 52-week high, company unprofitable with -$282.2M net income.

Director Jackson Darren R purchased 36,975 shares at $6.76 on 2024-11-20, increasing his holdings from 49,021 to 85,996 shares (+75.4%). The transaction occurs as WOLF trades at $6.44, down -86.2% from its 52-week high of $46.84 and -58.2% over the past 30 days. Fundamentally, the company reported a net income of -$282.2M on quarterly revenue of $194.7M and faces annual revenue contraction of -12.4%, reflecting significant operational stress. The buying activity aligns with a broader cluster pattern—3 other insiders purchased shares within the past 14 days—suggesting coordinated interest despite deteriorated valuation and profitability metrics. However, the insider's prior buy at WOLF on 2024-02-02 achieved only -8.7% 90-day return, indicating a history of poor timing at this ticker (0 of 1 prior buys were well-timed).

WOLF director LE DUY LOAN T bought 20,000 shares for $126,800.00 at avg $6.34; stock down 86.2% from 52-week high

LE DUY LOAN T purchased 20,000 shares across 2 separate transactions on 2024-11-20, bringing holdings from 25.0K to 45.0K shares (+79.9%). The purchases occurred at $6.38 and $6.30, compared to a current price of $6.44 and a 52-week high of $46.84 (current price -86.2% from high). This purchase occurs within a cluster of 3 other insider buys at WOLF in the past 14 days. However, the insider's cross-ticker track record shows 5 prior buys with 0.00% 90-day win rate and average 90d return of -25.2%, and his single prior WOLF purchase in 2023-08-23 returned -28.5% over 90 days. The company remains unprofitable with net income of $-282.2M on revenue of $194.7M and annual revenue declining -12.4%.

Director Thomas H. Werner buys 37,500 WOLF shares at $6.53; holdings rise to 108,549; company unprofitable, stock down 86.2% from 52-week high

Director Werner purchased 37,500 shares at $6.53 on 2024-11-20, increasing his stake by 52.8% to 108,549 shares. The purchase occurred at a significant nadir: Wolfspeed is down 86.2% from its 52-week high and down 58.2% over the past 30 days, while the company reported a negative net income of $-282.2M against $194.7M revenue and faces an annual revenue decline of 12.4%. Werner's prior buy at this ticker on 2023-10-24 posted a positive 90-day return of 8.2%, establishing a track record of well-timed entry at Wolfspeed. A cluster pattern is present: 3 other insiders also purchased within the past 14 days, suggesting coordinated confidence at depressed valuations despite current operational challenges.

Director Stacy J Smith buys 30,376 shares of WOLF at $6.43; stock down 86.2% from 52-week high amid operating losses.

Smith purchased 30,376 shares at $6.43 on 2024-11-20, increasing his holdings by 132.2% to 53,357 shares total. The transaction occurs as the stock trades at $6.44 current price, having declined 86.2% from its 52-week high of $46.84 and fallen 58.2% over the past 30 days. Wolfspeed's fundamentals show a negative net income of $-282.2M and annual revenue decline of -12.4%, indicating the company is unprofitable. Smith's own track record at this ticker shows 0 of 1 prior buy was well-timed at the 90-day mark, with his previous buy on 2024-02-02 resulting in -10.6% return over 90 days. While a cluster of 3 other insider buys within the past 14 days suggests some coordination, the combination of deep valuation decline, operational losses, and the insider's poor prior timing at this ticker raise questions about the conviction or strategic merit underlying this accumulation.