Rubric Capital Management LP Amends Xperi Inc. Filing

TL;DR

Rubric Capital just updated their Xperi filing. Big shareholder action.

AI Summary

Rubric Capital Management LP has filed Amendment No. 4 to its Schedule 13D for Xperi Inc. on June 11, 2024. The filing indicates a change in beneficial ownership of Xperi Inc. common stock. Rubric Capital Management LP is a significant shareholder in Xperi Inc.

Why It Matters

This filing updates Rubric Capital Management LP's stake in Xperi Inc., which could signal changes in their investment strategy or influence on the company's direction.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate shifts in major shareholder positions, potentially impacting stock price and company strategy.

Key Players & Entities

• Rubric Capital Management LP (company) — Filing entity
• Xperi Inc. (company) — Subject company
• 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
• $48,281,649 — wned by Rubric Capital is approximately $48,281,649, excluding brokerage commissions. Item

Filing Documents

• sc13da413715006_06112024.htm (SC 13D/A) — 69KB
• 0000921895-24-001387.txt ( ) — 71KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration .

is hereby amended

Item 3 is hereby amended and restated to read as follows: The Shares reported herein beneficially owned by Rubric Capital were either acquired in connection with the Issuer’s spin-off from its predecessor or purchased with the working capital of the Rubric Funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The Rubric Funds acquired an aggregate of 1,541,314 Shares in connection with the Issuer’s spin-off from its predecessor. The aggregate purchase price of the 4,143,744 Shares beneficially owned by Rubric Capital is approximately $48,281,649, excluding brokerage commissions.

Purpose of Transaction

Item 4. Purpose of Transaction .

is hereby amended

Item 4 is hereby amended to add the following: The Reporting Persons are deeply concerned by the Issuer’s continued poor stock performance. The Reporting Persons intend to continue monitoring the Issuer’s performance and will not hesitate to take any action that they believe is necessary to protect the best interests of stockholders.

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 4,143,744 Shares, constituting approximately 9.2% of the Shares outstanding, held in the aggregate by the Rubric Funds. 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) Schedule A annexed hereto lists all transactions in the securities of the Issuer by the Reporting Persons since the filing of Amendment No. 3 to the Schedule 13D. All of such transactions were effected in the open market unless otherwise noted therein. 4 CUSIP No. 98423J101

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: June 11, 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 5 CUSIP No. 98423J101 SCHEDULE A Transactions in the Securities of the Issuer Since the Filing of Amendment No. 3 to the Schedule 13D Nature of the Transaction Securities Purchased Price Per Security($) * Price Range ($) Date of Purchase RUBRIC CAPITAL MANAGEMENT LP (On Behalf of the Rubric Funds) Purchase of Common Stock 100,000 7.8941 7.5450 - 8.0450 06/10/2024 * The price reported in column Price Per Security ($) is a weighted average price if a price range is indicated in column Price Range ($) . These securities were purchased in multiple transactions at prices between the corresponding price ranges in the applicable row. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities purchased at each separate price.

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View this SC 13D/A filing on SEC EDGAR