• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: SEC Form SC 13D/A filed by Xperi Inc.

    6/11/24 4:05:35 PM ET
    $XPER
    Computer Software: Prepackaged Software
    Technology
    Get the next $XPER alert in real time by email
    SC 13D/A 1 sc13da413715006_06112024.htm AMENDMENT NO. 4 TO THE SCHEDULE 13D

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

    SCHEDULE 13D

    (Rule 13d-101)

    INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

    TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

    § 240.13d-2(a)

    (Amendment No. 4)1

    Xperi Inc.

    (Name of Issuer)

    Common Stock, par value $0.001 per share

    (Title of Class of Securities)

    98423J101

    (CUSIP Number)

    Rubric Capital Management LP

    155 East 44th St, Suite 1630

    New York, New York 10017

    Attention: Brian Kleinhaus

    (212) 418-1888

     

    Ryan Nebel

    Olshan Frome Wolosky LLP

    1325 Avenue of the Americas

    New York, New York 10019

    (212) 451-2300

    (Name, Address and Telephone Number of Person

    Authorized to Receive Notices and Communications)

     

    June 10, 2024

    (Date of Event Which Requires Filing of This Statement)

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☒.

    Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.

     

     

     

    1              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 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).

     

    CUSIP No. 98423J101

      1   NAME OF REPORTING PERSON  
             
            Rubric Capital Management LP  
      2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
            (b) ☐
               
      3   SEC USE ONLY    
               
               
      4   SOURCE OF FUNDS  
             
            AF, OO  
      5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
           
               
      6   CITIZENSHIP OR PLACE OF ORGANIZATION  
             
            DELAWARE  
    NUMBER OF   7   SOLE VOTING POWER  
    SHARES          
    BENEFICIALLY         - 0 -  
    OWNED BY   8   SHARED VOTING POWER  
    EACH          
    REPORTING         4,143,744  
    PERSON WITH   9   SOLE DISPOSITIVE POWER  
             
              - 0 -  
        10   SHARED DISPOSITIVE POWER  
               
              4,143,744  
      11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
             
            4,143,744  
      12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
           
               
      13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
             
            9.2%  
      14   TYPE OF REPORTING PERSON  
             
            PN, IA  

      

    2

    CUSIP No. 98423J101

      1   NAME OF REPORTING PERSON  
             
            David Rosen  
      2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
            (b) ☐
               
      3   SEC USE ONLY    
               
               
      4   SOURCE OF FUNDS  
             
            AF, OO  
      5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
           
               
      6   CITIZENSHIP OR PLACE OF ORGANIZATION  
             
            USA  
    NUMBER OF   7   SOLE VOTING POWER  
    SHARES          
    BENEFICIALLY         - 0 -  
    OWNED BY   8   SHARED VOTING POWER  
    EACH          
    REPORTING         4,143,744  
    PERSON WITH   9   SOLE DISPOSITIVE POWER  
             
              - 0 -  
        10   SHARED DISPOSITIVE POWER  
               
              4,143,744  
      11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
             
            4,143,744  
      12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
           
               
      13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
             
            9.2%  
      14   TYPE OF REPORTING PERSON  
             
            IN  

      

    3

    CUSIP No. 98423J101

     

    The following constitutes Amendment No. 4 to the Schedule 13D filed by the undersigned (“Amendment No. 4”). This Amendment No. 4 amends the Schedule 13D as specifically set forth herein.

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

    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.

    Item 4.Purpose of Transaction.

    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.

    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 owners of any securities of the Issuer he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.

    (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

    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.

    Get the next $XPER alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $XPER

    DatePrice TargetRatingAnalyst
    6/13/2023$15.00Buy
    Rosenblatt
    10/11/2022$23.00Buy
    Maxim Group
    10/6/2022$30.00Top Pick
    BWS Financial
    8/2/2022$19.00Equal-Weight
    Stephens
    1/3/2022Buy → Top Pick
    BWS Financial
    8/19/2021$31.00Buy
    Maxim Group
    More analyst ratings

    $XPER
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Rosenblatt initiated coverage on Xperi with a new price target

      Rosenblatt initiated coverage of Xperi with a rating of Buy and set a new price target of $15.00

      6/13/23 7:33:11 AM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • Maxim Group initiated coverage on Xperi with a new price target

      Maxim Group initiated coverage of Xperi with a rating of Buy and set a new price target of $23.00

      10/11/22 9:29:03 AM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • BWS Financial initiated coverage on Xperi with a new price target

      BWS Financial initiated coverage of Xperi with a rating of Top Pick and set a new price target of $30.00

      10/6/22 9:39:47 AM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology

    $XPER
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Xperi Inc. Announces First Quarter 2025 Results

      Achieved 2.5 million TiVo One Monthly Active Users Year-over-Year Adjusted EBITDA Growth of 200% Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced first quarter 2025 financial results for the period ended March 31, 2025. "The first quarter marked the entry of the TiVo One ad platform into the North American market through updates to our video-over-broadband device footprint and the launch of Sharp TVs powered by TiVo," said Jon Kirchner, chief executive officer of Xperi. "We are very pleased with the expanded rollout and adoption of our monetizatio

      5/7/25 4:05:00 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • Simplified and Personalized: TiVo's Video Trends Report Finds Consumers Are Seeking High-Quality Entertainment Over Quantity

      While daily video consumption holds steady, value conscious consumers are streamlining their entertainment choices. Today TiVo, a wholly owned subsidiary of entertainment technology company Xperi Inc. (NYSE:XPER), released its Q4 2024 Video Trends Report and found consumers have begun to declutter their video libraries, in an effort to simplify their entertainment experiences. This trend of streamlining video services underscores the critical role high-quality content has in driving sustained engagement and connection with consumers. In Q4 2024, TiVo found that consumers decreased their entertainment spending nearly $20 year-over-year, with the average number of services used declining fr

      4/29/25 9:00:00 AM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • Xperi to Release First Quarter 2025 Results on May 7, 2025

      Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, will announce its first quarter 2025 financial results on Wednesday, May 7, 2025, following the close of market. The Company will host an earnings conference call at 2 p.m. PST (5 p.m. EST) that same day. To access the Company's earnings conference call: U.S. callers, please dial toll-free: 1-888-596-4144 International callers, please dial: +1 646-968-2525 Conference ID: 5483252 All participants should dial in 15 minutes prior to the start of the call using the conference ID listed above. Al

      4/18/25 4:05:00 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology

    $XPER
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Xperi Inc.

      SC 13G/A - Xperi Inc. (0001788999) (Subject)

      11/12/24 5:46:03 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • Amendment: SEC Form SC 13G/A filed by Xperi Inc.

      SC 13G/A - Xperi Inc. (0001788999) (Subject)

      11/4/24 2:12:59 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • Amendment: SEC Form SC 13G/A filed by Xperi Inc.

      SC 13G/A - Xperi Inc. (0001788999) (Subject)

      7/8/24 4:32:40 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology

    $XPER
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more

    $XPER
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Seams Christopher A was granted 25,815 shares, increasing direct ownership by 34% to 100,949 units (SEC Form 4)

      4 - Xperi Inc. (0001788999) (Issuer)

      4/29/25 4:29:27 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • Director Randall Roderick K. was granted 25,815 shares, increasing direct ownership by 113% to 48,698 units (SEC Form 4)

      4 - Xperi Inc. (0001788999) (Issuer)

      4/29/25 4:20:01 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • Director Habiger David C was granted 25,815 shares, increasing direct ownership by 35% to 99,795 units (SEC Form 4)

      4 - Xperi Inc. (0001788999) (Issuer)

      4/29/25 4:18:58 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • CEO & President Kirchner Jon bought $43,242 worth of shares (5,000 units at $8.65), increasing direct ownership by 0.96% to 523,692 units (SEC Form 4)

      4 - Xperi Inc. (0001788999) (Issuer)

      9/12/24 8:07:53 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • Chief Financial Officer Andersen Robert J bought $14,875 worth of shares (1,700 units at $8.75), increasing direct ownership by 0.67% to 254,098 units (SEC Form 4)

      4 - Xperi Inc. (0001788999) (Issuer)

      9/3/24 7:11:28 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • CLO and Secretary Marquez Rebecca bought $9,913 worth of shares (1,150 units at $8.62), increasing direct ownership by 0.74% to 156,131 units (SEC Form 4)

      4 - Xperi Inc. (0001788999) (Issuer)

      8/27/24 4:38:01 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology

    $XPER
    SEC Filings

    See more
    • SEC Form 10-Q filed by Xperi Inc.

      10-Q - Xperi Inc. (0001788999) (Filer)

      5/8/25 4:20:23 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • Xperi Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Xperi Inc. (0001788999) (Filer)

      5/7/25 4:10:10 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • Xperi Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

      8-K - Xperi Inc. (0001788999) (Filer)

      4/28/25 4:10:07 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology

    $XPER
    Financials

    Live finance-specific insights

    See more
    • Xperi Inc. Announces First Quarter 2025 Results

      Achieved 2.5 million TiVo One Monthly Active Users Year-over-Year Adjusted EBITDA Growth of 200% Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced first quarter 2025 financial results for the period ended March 31, 2025. "The first quarter marked the entry of the TiVo One ad platform into the North American market through updates to our video-over-broadband device footprint and the launch of Sharp TVs powered by TiVo," said Jon Kirchner, chief executive officer of Xperi. "We are very pleased with the expanded rollout and adoption of our monetizatio

      5/7/25 4:05:00 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • Xperi to Release First Quarter 2025 Results on May 7, 2025

      Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, will announce its first quarter 2025 financial results on Wednesday, May 7, 2025, following the close of market. The Company will host an earnings conference call at 2 p.m. PST (5 p.m. EST) that same day. To access the Company's earnings conference call: U.S. callers, please dial toll-free: 1-888-596-4144 International callers, please dial: +1 646-968-2525 Conference ID: 5483252 All participants should dial in 15 minutes prior to the start of the call using the conference ID listed above. Al

      4/18/25 4:05:00 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology
    • Xperi Inc. Announces Fourth Quarter and Full Year 2024 Results

      Sharp TVs with TiVo OS Have Launched in U.S. Market Achieved Video-Over-Broadband (IPTV) footprint of 2.6 million subscriber households and DTS AutoStage footprint of 10 million vehicles Doubled Year-over-Year Adjusted EBITDA Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced fourth quarter and full-year 2024 financial results for the period ended December 31, 2024. "We closed the 2024 fiscal year on a strong operational note, making significant strides in expanding our independent media platform footprint across Smart TV, connected car, and vi

      2/26/25 4:05:00 PM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology

    $XPER
    Leadership Updates

    Live Leadership Updates

    See more
    • Xperi Announces Appointment of Two New Independent Directors

      Jeremi Gorman and Roderick Randall Have Expertise in Content Monetization, Digital Media, Automotive Technology and Capital Allocation Board Expands to Seven Directors Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops and delivers technologies that enable extraordinary experiences, today announced the appointment of Jeremi A. Gorman and Roderick K. ("Rod") Randall to the Board of Directors (the "Board"), effective June 10, 2024. Following the appointment of Ms. Gorman and Mr. Randall, the Board consists of seven directors, six of whom are independent. "We welcome Jeremi and Rod, both accomplished leaders with domain expertise

      6/10/24 4:05:00 PM ET
      $AMZN
      $FSR
      $GAME
      $NFLX
      Catalog/Specialty Distribution
      Consumer Discretionary
      Auto Manufacturing
      Services-Misc. Amusement & Recreation
    • KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

      NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S

      6/7/24 6:09:00 PM ET
      $ADTN
      $ALTR
      $ATNI
      $BMRN
      Telecommunications Equipment
      Utilities
      Computer Software: Prepackaged Software
      Technology
    • Xperi Mails Definitive Proxy Statement and Issues Letter to Stockholders Highlighting the Company's Transformation, Strategy and Business Progress

      Board Comments on Rubric Capital's Puzzling Campaign to Replace Two Directors Who Have Been Instrumental in Driving Xperi's Transformation Urges Stockholders to Vote on the BLUE Proxy Card FOR All Five of Xperi's Directors Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today mailed definitive proxy materials to Xperi stockholders in connection with Xperi's 2024 annual meeting of stockholders, which is scheduled to be held on May 24, 2024 (the "Annual Meeting"). Stockholders as of the close of business on March 28, 2024 will be entitled to vote at this meeting.

      4/17/24 8:30:00 AM ET
      $XPER
      Computer Software: Prepackaged Software
      Technology