Summary by Moomoo AI
Daniel Wiegand, the Chief Engineer for Innovation and Future Programs and an Executive Director at Lilium N.V., has filed an amendment to the Schedule 13D with the United States Securities and Exchange Commission (SEC) on January 19, 2024. This amendment serves as an exit filing and reflects a change in Wiegand's ownership in the company due to the issuance of additional Class A ordinary shares by Lilium. Wiegand now beneficially owns approximately 4.4% of the company, which includes 285,000 Class A ordinary shares and 23,113,065 Class B ordinary shares. The filing also notes that Wiegand has converted 1,300,000 Class B ordinary shares into Class A ordinary shares and sold 1,015,000 Class A ordinary shares under a 10b5-1 Plan, which was terminated on September 6, 2023. The percentage of ownership has decreased from approximately 8.6% to 4.4% due to the company's capital raising transactions in November 2022 and July 2023, which increased the total number of outstanding shares.