Summary by Futu AI
AEye, Inc. (AEye) has filed an amendment to its Schedule 13D with the United States Securities and Exchange Commission (SEC), indicating significant changes in ownership by key stakeholders. Luis Dussan, the reporting person, along with two trusts named Luis Dussan Trust A and Jennifer Dussan Trust A, have reported their beneficial ownership in AEye's common stock. As of May 10, 2024, Luis Dussan directly owns 284,325.3 shares, representing 4.29% of the company, while the Luis Dussan Trust A and Jennifer Dussan Trust A own 244,832 shares (3.69%) and 36,000 shares (0.05%), respectively. The filing, dated May 28, 2024, also details recent transactions, including several open market sales of AEye's common stock by the trusts between May 17 and May 28, 2024. The prices of these sales ranged from $2.14 to $5.04 per share. This Amendment No. 2 to the Schedule 13D serves as an exit filing for the reporting persons, marking their departure from being beneficial owners of more than five percent of AEye's outstanding common stock.