Dussan Trusts Amend AEye, Inc. Ownership Filing

TL;DR

Dussan trusts updated their AEye stake. Watch for more.

AI Summary

Luis Dussan, through the Jennifer Dussan Trust and Luis Dussan Trust, has amended their Schedule 13D filing for AEye, Inc. as of May 17, 2024. The filing indicates a change in beneficial ownership of AEye, Inc. common stock. The specific percentage of ownership and any changes in holdings are detailed within the full filing.

Why It Matters

This amendment to a Schedule 13D filing signals a potential shift in control or significant stakeholding in AEye, Inc., which could impact the company's stock price and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to 13D filings often indicate significant changes in beneficial ownership, which can lead to increased stock volatility.

Key Players & Entities

• Luis Dussan (person) — Filing person and beneficiary of trusts
• Jennifer Dussan Trust (company) — Group member and holder of securities
• Luis Dussan Trust (company) — Group member and holder of securities
• AEye, Inc. (company) — Subject company
• CF Finance Acquisition Corp. III (company) — Former company name for AEye, Inc.

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti
• $2.60 — ple transactions at prices ranging from $2.60 to $2.68, inclusive. The Reporting Pers
• $2 — actions at prices ranging from $2.60 to $2.68, inclusive. The Reporting Persons he
• $2.14 — ple transactions at prices ranging from $2.14 to $2.57, inclusive. The Reporting Pers
• $2.42 — ple transactions at prices ranging from $2.42 to $3.11, inclusive. The Reporting Pers
• $3 — actions at prices ranging from $2.42 to $3.11, inclusive. The Reporting Persons he

Filing Documents

• ss3416633_sc13da.htm (SC 13D/A) — 78KB
• ss3416633_ex9901.htm (EX-99.1) — 7KB
• 0000947871-24-000509.txt ( ) — 87KB

of Schedule 13D is supplemented

Item 2 of Schedule 13D is supplemented and superseded, as the case may be, as follows: The Schedule 13D is being filed by (i) Luis Dussan, (ii) Luis Dussan Trust A U/A/D 5/18/2022, and (iii) Jennifer Dussan Trust A U/A/D 5/18/2022 (collectively, the " Reporting Persons "). Mr. Dussan is the sole trustee of Luis Dussan Trust A U/A/D 5/18/2022 and the Jennifer Dussan Trust A U/A/D 5/18/2022. Mr. Dussan is no longer an employee of the Issuer. Mr. Dussan's principal occupation is a member of the board of directors of the Issuer. Luis Dussan Trust A U/A/D 5/18/2022 is a trust established under the laws of California for the benefit of Luis Dussan and his immediate family members, and has an address of c/o AEye, Inc., One Park Place, Suite 200, Dublin, CA 94568. Its principal business is a trust for the purpose of holding certain assets. Jennifer Dussan Trust A U/A/D 5/18/2022 is a trust established under the laws of California for the benefit of Jennifer Dussan and her immediate family members, and has an address of c/o AEye, Inc., One Park Place, Suite 200, Dublin, CA 94568. Its principal business is a trust for the purpose of holding certain assets. Mr. Dussan is no longer an employee of the Issuer. Mr. Dussan's principal occupation is a member of the board of directors of the Issuer. During the last five years, the Reporting Persons (i) have not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) have not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

of Schedule 13D is supplemented

Item 3 of Schedule 13D is supplemented and superseded, as the case may be, as follows: On August 24, 2022, Mr. Dussan transferred his beneficial ownership of 610,555 shares of Common Stock to Luis Dussan Trust A U/A/D 5/18/2022 for no cash consideration. Immediately following the transfer, Mr. Dussan, as the sole trustee, held sole voting and dispositive control over the transferred shares of Common Stock. On September 9, 2022, Mr. Dussan transferred beneficial ownership of 36,000 shares of Common Stock from the Luis Dussan Trust A U/A/D 5/18/2022 for no cash consideration to the Jennifer Dussan Trust A U/A/D 5/18/2022. Mr. Dussan, as the sole trustee, held sole voting and dispositive control over the transferred shares of Common Stock. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

of the Schedule 13D is hereby amended and restated

Item 5 of the Schedule 13D is hereby amended and restated as follows: The information set forth in or incorporated by reference in Items 2 and 3 and on the cover pages of this Amendment No. 1 is incorporated by reference in its entirety into this Item 5. (a) and (b) The following sets forth, as of the date of the Amendment No. 1, the aggregate number of shares of Common Stock and percentage of shares of Common Stock beneficially owned by Reporting Persons, as well as the number of shares of Common Stock as to which the Reporting Persons have the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition of, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 6,629,728 shares of Common Stock issued and outstanding as of May 10, 2024 based on the Issuer's Quarterly Report on Form 10-Q filed on May 14, 2024. Reporting Person Amount beneficially owned Percent of class Sole power to vote or to direct the vote Shared power to vote or to direct the vote Sole power to dispose or to direct the disposition Shared power to dispose or to direct the disposition Luis Dussan 341,765 5.16% 341,765 0 341,765 0 Luis Dussan Trust A U/A/D 5/18/2022 294,832 4.44% 0 294,832 0 294,832 Jennifer Dussan Trust A U/A/D 5/18/2022 36,000 0.05% 0 36,000 0 36,000 (c) The following table sets forth all transactions with respect to the Issuer's Common Stock during the past sixty days: Seller Date of Transaction Nature of Transaction Amount of Securities Price Per Share When and How the Transaction was Effected Luis Dussan Trust A U/A/D 5/18/2022 05/17/2024 Sale of Common Stock 55,043 $ 2.6100 (1) Open Market Sale Luis Dussan Trust A U/A/D 5/18/2022 05/20/2024 Sale of Common Stock 105,076 $ 2.4056 (2) Open Market Sale Luis Dussan Trust A U/A/D 5/18/2022 05/21/2024 Sale of Co

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: May 21, 2024 /s/ Luis Dussan Luis Dussan Luis Dussan Trust A U/A/D 5/18/2022 Dated: May 21, 2024 By: /s/ Luis Dussan Luis Dussan Title: Trustee Jennifer Dussan Trust A U/A/D 5/18/2022 Dated: May 21, 2024 By: /s/ Luis Dussan Luis Dussan Title: Trustee

View Full Filing

View this SC 13D/A filing on SEC EDGAR