SC 13G: SOLAREDGE TECHNOLOGIES, INC.
Ticker: SEDG · Form: SC 13G · Filed: Jul 18, 2024 · CIK: 1419612
Sentiment: neutral
Topics: sc-13g
AI Summary
SC 13G filing by SOLAREDGE TECHNOLOGIES, INC..
Risk Assessment
Risk Level: low
Filing Stats: 2,525 words · 10 min read · ~8 pages · Grade level 8 · Accepted 2024-07-18 17:23:29
Key Financial Figures
- $0.0001 — me of Issuer) Common stock, par value $0.0001 per share (the “Shares”)
Filing Documents
- tm2419774d1_sc13g.htm (SC 13G) — 120KB
- tm2419774d1_ex99-1.htm (EX-99.1) — 8KB
- 0001104659-24-080877.txt ( ) — 130KB
(a)
Item 1(a). Name of Issuer: SOLAREDGE TECHNOLOGIES, INC.
(b)
Item 1(b). Address of Issuer’s Principal Executive Offices: 1 HaMada Street, Herziliya Pituach, Israel 4673335
(a)
Item 2(a). Name of Person Filing: This Schedule 13G is being jointly filed by Citadel Securities LLC (“Citadel Securities”), Citadel Securities Group LP (“CALC4”), Citadel Securities GP LLC (“CSGP”), Citadel Advisors LLC (“Citadel Advisors”), Citadel Advisors Holdings LP (“CAH”), Citadel GP LLC (“CGP”), and Mr. Kenneth Griffin (collectively with Citadel Securities, CALC4, CSGP, Citadel Advisors, CAH, and CGP, the “Reporting Persons”) with respect to the Shares of the above-named issuer owned by Citadel Securities, CRBU Holdings LLC, a Delaware limited liability company (“CRBH”), Citadel Securities Principal Strategies LLC, a Delaware limited liability company (“CSP”), Citadel Clearing LLC, a Delaware limited liability company (“CCLC”), and Citadel Quantitative Strategies Master Fund Ltd., a Cayman Islands company (“QSMF”). Such owned Shares may include other instruments exercisable for or convertible into Shares. CALC4 is the non-member manager of Citadel Securities, CRBH, and CSP. CSGP is the general partner of CALC4. Citadel Advisors is the portfolio manager for QSMF and CLP Holdings Six LLC, a Delaware limited liability company (“CLP6”). CAH is the sole member of Citadel Advisors. CLP6 is the portfolio manager for CCLC. CGP is the general partner of CAH. Mr. Griffin is the President and Chief Executive Officer of CGP, and owns a controlling interest in CGP and CSGP. The filing of this statement shall not be construed as an admission that any of the Reporting Persons is the beneficial owner of any securities covered by the statement other than the securities actually owned by such person (if any).
(b)
Item 2(b). Address or Principal Business Office or, if none, Residence: The address of each of the Reporting Persons is Southeast Financial Center, 200 S. Biscayne Blvd., Suite 3300, Miami, Florida 33131.
(c)
Item 2(c). Citizenship: Each of Citadel Securities, CSGP, Citadel Advisors, CCLC, CLP6 and CGP is organized as a limited liability company under the laws of the State of Delaware. Each of CALC4 and CAH is organized as a limited partnership under the laws of the State of Delaware. Mr. Griffin is a U.S. citizen.
(d)
Item 2(d). Title of Class of Securities: Common stock, par value $0.0001 per share
(e)
Item 2(e). CUSIP Number: 83417M104 CUSIP No. 83417M104 13G Page 10 of 13 Pages Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ¨ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) ¨ A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________. Item 4. A. Citadel Securities LLC (a) Citadel Securities LLC may be deemed to beneficially own 1,954,573 Shares. (b) The number of Shares that Citadel Securities LLC may be deemed to beneficially own constitutes 3.4% of the Shares outstanding. (c) Number of Shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 1,954,573 (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to