Schlumberger Amends Sarcos Robotics Stake on Dec 31, 2023

TL;DR

**Schlumberger updated its stake in Sarcos Robotics, signaling a potential shift in investment strategy.**

AI Summary

Schlumberger Limited/NV, an oil and gas field services company, filed an amended SC 13G/A on January 26, 2024, indicating a change in their beneficial ownership of Sarcos Technology & Robotics Corp. (formerly Rotor Acquisition Corp.) common stock as of December 31, 2023. This filing, an amendment to a previous Schedule 13G, signals a potential shift in Schlumberger's investment strategy or a re-evaluation of their stake in the robotics company. Investors should note this as it could reflect Schlumberger's evolving view on Sarcos's future prospects or a broader portfolio adjustment.

Why It Matters

This filing shows Schlumberger's updated position in Sarcos Technology & Robotics, which could signal a change in their confidence or strategic interest in the robotics firm. It's important for investors to track significant shareholder activity as it can influence market perception and stock performance.

Risk Assessment

Risk Level: medium — The filing itself is routine, but a change in a significant investor's stake can introduce uncertainty or signal a re-evaluation of the underlying company's prospects.

Analyst Insight

Investors should monitor subsequent filings from Schlumberger to understand the magnitude of any change in their Sarcos stake and consider Sarcos's recent performance and news for context.

Key Players & Entities

• SCHLUMBERGER LIMITED/NV (company) — the entity filing the SC 13G/A
• Sarcos Technology & Robotics Corp. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• 0001826681 (number) — Central Index Key (CIK) for Sarcos Technology & Robotics Corp.
• 0000087347 (number) — Central Index Key (CIK) for SCHLUMBERGER LIMITED/NV

FAQ

From the Filing

0001193125-24-016743.txt : 20240126 0001193125-24-016743.hdr.sgml : 20240126 20240126162449 ACCESSION NUMBER: 0001193125-24-016743 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 GROUP MEMBERS: SCHLUMBERGER B.V GROUP MEMBERS: SCHLUMBERGER HOLDINGS CORP GROUP MEMBERS: SCHLUMBERGER TECHNOLOGY CORP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Sarcos Technology & Robotics Corp CENTRAL INDEX KEY: 0001826681 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-92009 FILM NUMBER: 24568251 BUSINESS ADDRESS: STREET 1: 650 SOUTH 500 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84101 BUSINESS PHONE: 888-927-7296 MAIL ADDRESS: STREET 1: 650 SOUTH 500 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84101 FORMER COMPANY: FORMER CONFORMED NAME: Sarcos Technology & Robotics Corporation. DATE OF NAME CHANGE: 20210924 FORMER COMPANY: FORMER CONFORMED NAME: Rotor Acquisition Corp. DATE OF NAME CHANGE: 20200930 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SCHLUMBERGER LIMITED/NV CENTRAL INDEX KEY: 0000087347 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 520684746 STATE OF INCORPORATION: P8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 5599 SAN FELIPE STREET 2: 17TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7135132000 MAIL ADDRESS: STREET 1: 5599 SAN FELIPE STREET 2: 17TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77056 FORMER COMPANY: FORMER CONFORMED NAME: SCHLUMBERGER LTD /NV/ DATE OF NAME CHANGE: 19951031 FORMER COMPANY: FORMER CONFORMED NAME: SCHLUMBERGER NV DATE OF NAME CHANGE: 19920804 FORMER COMPANY: FORMER CONFORMED NAME: SCHLUMBERGER LTD DATE OF NAME CHANGE: 19880812 SC 13G/A 1 d746000dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.: 2)* SARCOS TECHNOLOGY AND ROBOTICS CORPORATION (Name of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securities) 80359A106 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this schedule is filed: ☐ Rule 13d-1(b) ☒ Rule 13d-1(c) ☐ Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).  1  NAME OF REPORTING PERSON Schlumberger N.V. (Schlumberger Limited)  2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☐  (b) ☒  3 SEC USE ONLY  4 CITIZENSHIP OR PLACE OF ORGANIZATION Curaçao NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH 5   SOLE VOTING POWER 0 6 SHARED VOTING POWER 1,323,293 Common Shares 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 1,323,293 Common Shares  9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,323,293 Common Shares 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ☐ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.12%* 12 T