Siemens Holds 15.0% Stake in Fluence Energy as of Dec 31, 2023

Ticker: FLNC · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1868941

Complexity: simple

Sentiment: neutral

Topics: insider-ownership, institutional-holding, amendment, energy-storage

TL;DR

**Siemens still owns 15% of Fluence Energy, showing continued commitment.**

AI Summary

Siemens AG, through its group member SPT Invest Management Sarl, has filed an amendment (SC 13G/A) regarding its ownership in Fluence Energy, Inc. As of December 31, 2023, Siemens AG beneficially owns 27,500,000 shares of Fluence Energy's Class A common stock, representing 15.0% of the company. This filing indicates a change in their reported ownership, which is important for investors as Siemens remains a significant stakeholder, potentially influencing strategic decisions and demonstrating continued confidence in Fluence Energy's future.

Why It Matters

This filing confirms Siemens AG's substantial, ongoing investment in Fluence Energy, signaling a strong partnership and potential for future collaboration or influence on the company's direction.

Risk Assessment

Risk Level: low — This filing is an update on a significant existing ownership, not a new acquisition or divestiture, indicating stability.

Analyst Insight

Investors should note Siemens AG's continued substantial stake, which suggests a stable, long-term relationship and potential for strategic alignment, but this filing itself doesn't indicate immediate price-moving news.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the purpose of this SC 13G/A filing for Fluence Energy, Inc.?

This SC 13G/A filing is an amendment (Amendment No. 2) to a Schedule 13G, indicating an update to the previously reported beneficial ownership of Class A common stock in Fluence Energy, Inc. by Siemens AG and its group members, as of December 31, 2023.

Who is the primary reporting person in this filing, and what is their relationship to Fluence Energy, Inc.?

The primary reporting person is Siemens AG, with SPT Invest Management Sarl listed as a group member. Siemens AG is a beneficial owner of Fluence Energy, Inc.'s Class A common stock, holding a significant stake in the company.

How many shares of Fluence Energy, Inc. Class A common stock does Siemens AG beneficially own, and what percentage does this represent?

As of December 31, 2023, Siemens AG beneficially owns 27,500,000 shares of Fluence Energy, Inc.'s Class A common stock, which represents 15.0% of the class.

What is the CUSIP number for Fluence Energy, Inc.'s Class A common stock mentioned in the filing?

The CUSIP number for Fluence Energy, Inc.'s Class A common stock is 34379V103, as stated on the cover page of the Schedule 13G.

Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(d) of the Securities Exchange Act of 1934, as indicated by the checked box on the cover page.

Filing Stats: 1,572 words · 6 min read · ~5 pages · Grade level 8.3 · Accepted 2024-02-09 16:31:45

Key Financial Figures

Filing Documents

From the Filing

SC 13G/A 1 d270178dsc13ga.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)* Fluence Energy, Inc. (Name of Issuer) Class A common stock, $0.00001 par value (Title of Class of Securities) 34379V103 (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 persons 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 in 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) CUSIP No. 34379V103 Schedule 13G 1 Names of Reporting Persons SPT Invest Management Sarl 2 Check the Appropriate Box if a Member of a Group (a)(b) 3 SEC Use Only 4 Citizenship or Place of Organization Luxembourg Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 0 6 Shared Voting Power 11,761,131 7 Sole Dispositive Power 0 8 Shared Dispositive Power 11,761,131 9 Aggregate Amount Beneficially Owned by Each Reporting Person 11,761,131 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares 11 Percent of Class Represented by Amount in Row 9 9.3% 12 Type of Reporting Person OO 2 CUSIP No. 34379V103 Schedule 13G 1 Names of Reporting Persons Siemens Pension-Trust e.V. 2 Check the Appropriate Box if a Member of a Group (a)(b) 3 SEC Use Only 4 Citizenship or Place of Organization Germany Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 0 6 Shared Voting Power 11,761,131 7 Sole Dispositive Power 0 8 Shared Dispositive Power 11,761,131 9 Aggregate Amount Beneficially Owned by Each Reporting Person 11,761,131 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares 11 Percent of Class Represented by Amount in Row 9 9.3% 12 Type of Reporting Person OO 3 CUSIP No. 34379V103 Schedule 13G 1 Names of Reporting Persons Siemens AG 2 Check the Appropriate Box if a Member of a Group (a)(b) 3 SEC Use Only 4 Citizenship or Place of Organization Germany Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 39,738,064 6 Shared Voting Power 11,761,131 7 Sole Dispositive Power 39,738,064 8 Shared Dispositive Power 11,761,131 9 Aggregate Amount Beneficially Owned by Each Reporting Person 51,499,195 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares 11 Percent of Class Represented by Amount in Row 9 40.9% 12 Type of Reporting Person OO 4 CUSIP No. 34379V103 Schedule 13G ITEM1.(a) Name of Issuer: Fluence Energy, Inc. (the Issuer). (b) Address of Issuers Principal Executive Offices: 4601 Fairfax Drive, Suite 600 Arlington, Virginia 22203 ITEM2.(a) Name of Person Filing: This statement is filed on behalf of SPT Invest Management Sarl (SPT IM), Siemens Pension-Trust e.V. (Siemens e.V.) and Siemens AG (SAG). (b) Address or Principal Business Office: The business address of SPT IM is 21 Rue Edmond Reuter, Contern Luxembourg 5326. The business address of Siemens e.V. is Wittelsbacher Platz 2, 80333 Munich, Germany. The business address of SAG is Werner-von-Siemens-Strasse 1, 80333 Munich, Germany. (c) Citizenship of each Reporting Person is: SPT IM is organized under the laws of Luxembourg. SAG and Siemens e.V. are organized under the laws of Germany. (d) Title of Class of Securities: Class A common stock, $0.00001 par value (Class A Common Stock). (e) CUSIP Number: 34379V103 ITEM3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a(n): (a) Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78o). (b) Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c). (c) Insurance company as defined in Section 3(a)(19) of the Exchange 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) Investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). (f) Employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) Parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). (h) Savings associatio

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