T. Rowe Price (WOLF) reports 6.18M-share position; denies beneficial ownership

Rhea-AI Filing Summary

WOLFSPEED INC ownership update: T. Rowe Price Associates, Inc. reports beneficial ownership of 6,184,505 shares, representing 12.6% of Wolfspeed common stock as shown on the filing dated 03/31/2026. The filer states: "T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied."

Insights

Institutional Ownership Analyst

Large passive position reported by an investment manager; stake equals 12.6% of the class.

T. Rowe Price Associates reports 6,184,505 shares or 12.6% ownership in Wolfspeed as of 03/31/2026. This level of ownership is commonly disclosed for regulatory transparency and may reflect index or fund positioning rather than active control.

Actual voting and disposition powers are itemized: sole voting power 1,991,142, sole dispositive power 1,997,023. The filing includes an explicit denial of beneficial ownership, which investors should note as a legal position rather than an operational change.

Regulatory Compliance Expert

Filing aligns with Schedule 13G/A disclosure rules; the denial clause is a common legal reservation.

The amendment updates holdings and voting/dispositive counts consistent with a Schedule 13G/A submission. The statement denying beneficial ownership is a standard declarative clause used by institutional filers to preserve legal positions.

There is no action item or corporate governance change disclosed; further filings would show any active acquisition or control signals.

Key Figures

Reported shares beneficially owned: 6,184,505 shares Percent of class: 12.6% Sole voting power: 1,991,142 shares +3 more

6 metrics

Reported shares beneficially owned 6,184,505 shares Schedule 13G/A reporting as of 03/31/2026

Percent of class 12.6% Percent of Wolfspeed common stock per Schedule 13G/A

Sole voting power 1,991,142 shares Number with sole power to vote listed in filing

Sole dispositive power 1,997,023 shares Number with sole power to dispose listed in filing

Reporting date 03/31/2026 Date shown on the Schedule 13G/A cover line

Signature date 04/08/2026 Date signed by Ellen York, Vice President

Key Terms

Schedule 13G/A, Beneficial ownership, Sole dispositive power, Sole voting power

4 terms

Schedule 13G/A regulatory

"Amendment No. 2 | SCHEDULE 13G/A ownership reporting"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial ownership regulatory

"which beneficial ownership is expressly denied"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole dispositive power financial

"Sole Dispositive Power 1,997,023.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Sole voting power financial

"Sole Voting Power 1,991,142.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

WOLFSPEED INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

97785W106

(CUSIP Number)

03/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 97785W106

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

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

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,991,142.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,997,023.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,184,505.00

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)

12.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: WOLFSPEED INC
(b)	Address of issuer's principal executive offices: 4600 SILICON DR, DURHAM, NC, 27703
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the 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)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 6184505
(b)	Percent of class: 12.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1991142
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1997023
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	04/08/2026

FAQ

What stake does T. Rowe Price report in WOLF?

T. Rowe Price reports 6,184,505 shares of Wolfspeed common stock, equal to 12.6% of the class as stated in the filing dated 03/31/2026. This figure is the reported amount of shares in the Schedule 13G/A.

Does the filing say T. Rowe Price controls WOLF voting rights?

The filing lists sole voting power of 1,991,142 shares and sole dispositive power of 1,997,023 shares. It also contains a declarative denial of beneficial ownership, which is a legal statement rather than a conclusive control determination.

What does the denial of beneficial ownership mean in the 13G/A?

The denial phrase is a legal reservation: "beneficial ownership is expressly denied." It indicates the filer disclaims being the beneficial owner for legal purposes while still reporting share counts required by Schedule 13G/A rules.

What date is the ownership tied to in this filing?

The filing shows the reporting date as 03/31/2026 and is signed on 04/08/2026. The share and percentage figures are presented with that reporting date context on the Schedule 13G/A.