Rubric Capital Management LP Amends Xperi Inc. Filing

TL;DR

Rubric Capital Management LP filed an amendment for Xperi Inc. on 5/31/24. Watch this space.

AI Summary

Rubric Capital Management LP has filed Amendment No. 3 to its Schedule 13D for Xperi Inc., dated May 31, 2024. This filing indicates a change in beneficial ownership of Xperi Inc. common stock. Rubric Capital Management LP is based in New York, NY.

Why It Matters

This amendment signals a potential shift in the shareholder landscape of Xperi Inc., which could influence the company's strategic direction or stock performance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor activity or significant stake-building, which may lead to volatility.

Key Players & Entities

• Rubric Capital Management LP (company) — Filer of the Schedule 13D/A
• Xperi Inc. (company) — Subject company of the filing
• Brian Kleinh (person) — Contact person at Rubric Capital Management LP

FAQ

Key Financial Figures

• $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• sc13da313715006_05312024.htm (SC 13D/A) — 118KB
• ex991to13da13715006_053124.htm (EX-99.1) — 4KB
• 0000921895-24-001346.txt ( ) — 124KB

Identity and Background

Item 2. Identity and Background .

is hereby amended

Item 2 is hereby amended to add the following: Upon the certification of the results of the Issuer’s 2024 annual meeting of stockholders (the “2024 Annual Meeting”), the Joint Filing and Solicitation Agreement (as defined in the initial Schedule 13D) terminated pursuant to its terms. Accordingly, Deborah S. Conrad and Thomas A. Lacey are no longer members of a Section 13(d) group and shall cease to be Reporting Persons immediately upon the filing of this Amendment No. 3 to the Schedule 13D. The remaining Reporting Persons will continue filing statements on Schedule 13D with respect to their beneficial Filing Agreement, as further described in Item 6 below.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer . Items 5(a) and (c) are hereby amended and restated to read as follows: (a) The aggregate percentage of Shares reported owned by each person named herein is based upon 45,148,108 Shares outstanding as of April 29, 2024, which is the total number of Shares outstanding as reported in the Issuer’s quarterly report on Form 10-Q filed with the Securities and Exchange Commission on May 9, 2024. As of the date hereof, Rubric Capital and Mr. Rosen may be deemed to beneficially own the 4,043,744 Shares, constituting approximately 9.0% of the Shares outstanding, held in the aggregate by the Rubric Funds. As of the date hereof, Mr. Lacey directly beneficially owns 4,208 Shares, constituting less than 1% of the Shares outstanding. As of the date hereof, Ms. Conrad does not beneficially own any Shares, constituting 0% of the Shares outstanding. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Exchange Act, the beneficial (c) There have been no transactions in securities of the Issuer by the Reporting Persons during the past 60 days.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer .

is hereby amended

Item 6 is hereby amended to add the following: On May 31, 2024, effective upon the certification of the results of the 2024 Annual Meeting, the Joint Filing and Solicitation Agreement terminated pursuant to its terms. 6 CUSIP No. 98423J101 On May 31, 2024, the remaining Reporting Persons entered into a Joint Filing Agreement pursuant to which they agreed to the joint filing on behalf of each of them of Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits .

is hereby amended

Item 7 is hereby amended to add the following exhibit: 99.1 Joint Filing Agreement, dated May 31, 2024. 7 CUSIP No. 98423J101

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his, her or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: May 31, 2024 Rubric Capital Management LP By: Rubric Capital Management GP LLC General Partner By: /s/ David Rosen Name: David Rosen Title: Managing Member /s/ David Rosen David Rosen Individually and as attorney-in-fact for Deborah S. Conrad and Thomas A. Lacey 8

View Full Filing

View this SC 13D/A filing on SEC EDGAR