Mobileye Announces Pricing of Secondary Offering of Shares of Class A Common Stock

Mobileye Global Inc. (Nasdaq: MBLY) (“Mobileye”) today announced the pricing of a previously announced underwritten secondary public offering of 38,500,000 shares of Mobileye’s Class A common stock by Intel Overseas Funding Corporation, a wholly owned subsidiary of Intel Corporation (the “Selling Stockholder”), at a price of $42.00 per share. The Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 5,775,000 shares of Mobileye’s Class A common stock. The offering is expected to close on June 12, 2023, subject to customary closing conditions.

Mobileye is not selling any shares of Class A common stock in the offering and will not receive any proceeds from the sale of the shares being offered by the Selling Stockholder.

Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint lead book-running managers and as representatives of the underwriters for the offering. Barclays, BofA Securities, Citigroup, Evercore ISI, J.P. Morgan, BNP PARIBAS, Mizuho, RBC Capital Markets, TD Cowen and Wolfe | Nomura Alliance are acting as book-running managers for the offering. Needham & Company, Raymond James, Siebert Williams Shank, Tigress Financial Partners, Academy Securities, Blaylock Van, LLC, Cabrera Capital Markets, CICC, Drexel Hamilton, Guzman & Company, Independence Point Securities and Loop Capital Markets are acting as co-managers for the offering.

The offering of these securities is being made only by means of a prospectus. A copy of the preliminary prospectus and the prospectus relating to the offering, when available, may be obtained from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, New York 10282, telephone: [phone] or by emailing [e-mail]; or Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”) and has been declared effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.