Peugeot Family Amends Stellantis Stake, Signals Ownership Update

TL;DR

**Peugeot family just updated their Stellantis stake, watch for potential shifts!**

AI Summary

Peugeot Brothers Holdings, along with its group members Etablissements Peugeot Freres S.A., Peugeot 1810 S.A.S., and Peugeot Invest S.A., filed an amendment to their Schedule 13D on January 26, 2024, regarding their ownership in Stellantis N.V. This filing updates their beneficial ownership, indicating a change in their holdings or intentions, which is crucial for investors as it signals how a major insider is managing their stake in the company. This matters to shareholders because significant changes by large, long-term holders like the Peugeot family can influence market perception and potentially future strategic decisions of Stellantis.

Why It Matters

This filing indicates a change in the beneficial ownership or intentions of a major founding family of Stellantis, which can impact investor sentiment and future corporate governance.

Risk Assessment

Risk Level: low — This filing is an amendment to an existing ownership disclosure, indicating an update rather than a new, unexpected event.

Analyst Insight

Investors should monitor future 13D filings from the Peugeot family for any significant changes in their beneficial ownership percentage or stated intentions, as these could signal strategic shifts or a change in their long-term commitment to Stellantis.

Key Numbers

• N82405106 — CUSIP Number (Identifies Stellantis N.V. Common Shares)
• January 26, 2024 — Date of Event (The date requiring this amendment filing)
• 005-88364 — SEC File Number (Identifies Stellantis N.V.'s SEC registration)

Key Players & Entities

• Peugeot Brothers Holdings (company) — the filing entity
• Stellantis N.V. (company) — the subject company
• Etablissements Peugeot Freres S.A. (company) — group member of the filing entity
• Peugeot 1810 S.A.S. (company) — group member of the filing entity
• Peugeot Invest S.A. (company) — group member of the filing entity
• Nicolas Huet (person) — Chief Executive Officer of Etablissements Peugeot Frères S.A. and contact for notices
• Adam O. Emmerich (person) — Copy recipient from Wachtell, Lipton, Rosen & Katz
• John L. Robinson (person) — Copy recipient from Wachtell, Lipton, Rosen & Katz
• €0.01 (dollar_amount) — nominal value per common share of Stellantis N.V.

Forward-Looking Statements

• The Peugeot family will continue to be a significant long-term holder in Stellantis N.V. (Peugeot Brothers Holdings) — high confidence, target: 2025-01-30

FAQ

Filing Documents

• ef20020046_sc13da.htm (SC 13D/A) — 174KB
• 0001140361-24-004437.txt ( ) — 175KB

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 2 of the Schedule 13D is hereby amended and restated in its entirety as follows: This Schedule 13D is being filed by tablissements Peugeot Frres S.A. (" EPF "), Peugeot Invest S.A. (" Peugeot Invest ") and Peugeot 1810 S.A.S. (" Peugeot 1810 " and, together with EPF and Peugeot Invest, the " Reporting Persons "). The address of the principal business office of each of the Reporting Persons is 66, avenue Charles de Gaulle, 92200 Neuilly-sur-Seine, France. EPF is a socit anonyme incorporated under the laws of France and registered with Nanterre's trade and company register under number 875 750 317. EPF's primary business is as a holding company. As of the date of this Schedule 13D, EPF's portfolio includes a controlling interest in Peugeot Invest's share capital and a 23.5% direct interest in Peugeot 1810's share capital. Peugeot Invest is a socit anonyme incorporated under the laws of France and registered with Nanterre's trade and company register under number 562 075 390. Peugeot Invest is an investment company listed on Euronext Paris and majority-owned by EPF. Peugeot Invest has a diversified investment portfolio composed primarily of direct minority holdings, investments in private equity funds, co-investments and real estate investments. Prior to the completion of the Merger (as defined in Item 3), EPF and Peugeot Invest had a long history as leading shareholders of Peugeot S.A. (" PSA "). Peugeot 1810 is a socit par actions simplifie organized under the laws of France and registered with Nanterre's trade and company register under number 528 818 073. Peugeot 1810 is 76.5%-owned by Peugeot Invest and 23.5%-owned by EPF. Its primary business is as a holding company. As of the date of this Schedule 13D, Peugeot 1810's portfolio includes a 7.1% interest in Stellantis's share capital. Information required by Instruction C to Schedule 13D with respect to each executive officer and director of the Reporting Persons is set forth on Annex A (collectively, th

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: Percentage interest calculations for each of the Reporting Persons are based on a total of 3,165,189,336 Common Shares issued and outstanding as of January 26, 2024. The aggregate number of Common Shares that Peugeot 1810 holds directly is 224,228,121 Common Shares, which constitutes 7.1% of the Common Shares issued and outstanding as of January 26, 2024. Taking into account voting rights arising from the Issuer's loyalty voting structure in which certain shareholders, including the Reporting Persons, hold one special voting share for each qualifying Common Share held (as described in Item 6), the Reporting Persons' voting power in the Issuer is approximately 10.4% as of January 26, 2024. This percentage is calculated as the ratio of (i) the aggregate number of Common Shares and special voting shares beneficially owned by the Reporting Persons to (ii) the total number of outstanding Common Shares and special voting shares of the Issuer, in each case as of January 26, 2024. The Reporting Persons' voting power in the Issuer is expected to increase to approximately 11.1% in connection with the receipt of additional class A special voting shares on February 3, 2024 (as described in Item 6). EPF, in its capacity as controlling shareholder of Peugeot 1810 (through its combined direct interest in Peugeot 1810 and its interest in Peugeot Invest, a majority owner of Peugeot 1810), has the ability to direct the management of Peugeot 1810's business, including the power to direct the decisions of Peugeot 1810 regarding the vote and disposition of securities held by Peugeot 1810. Therefore, EPF may be deemed to have indirect beneficial ownership of the Common Shares held by Peugeot 1810 pursuant to Rule 13d-3 under the Act. Peugeot Invest, in its capacity as controlling shareholder of Peugeot 1810, has the ability to direct the management of Peugeot 1810's business, including the power to

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