Jennifer Johnston - Jun 5, 2024 Form 4 Insider Report for SUNPOWER CORP (SPWR)

Role
Executive Vice President & COO
Signature
Lynnette Quintana, as attorney-in-fact for Jennifer Johnston
Stock symbol
SPWR
Transactions as of
Jun 5, 2024
Transactions value $
-$14,534
Form type
4
Date filed
6/7/2024, 07:59 PM
Previous filing
Jul 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPWR Common Stock Options Exercise +18.4K 18.4K Jun 5, 2024 Direct F1
transaction SPWR Common Stock Tax liability -$14.5K -4.47K -24.35% $3.25 13.9K Jun 5, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPWR Restricted Stock Units (RSUs) Options Exercise $0 -18.4K -25% $0.00 55.1K Jun 5, 2024 Common Stock 18.4K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of common stock, par vale $0.001 per share of SunPower Corporation ("the Company") granted upon settlement of previously awarded restricted stock units ("RSUs").
F2 These RSUs were granted on July 11, 2023 in connection with a grant that vests in four equal installments.
F3 The remaining installments of RSUs were scheduled to vest on June 5, 2025, June 5, 2026 and June 5, 2027; however, in connection with the Reporting Person's termination of employment, the board of directors of the Company approved certain acceleration and forfeitures of the Reporting Person's remaining RSUs, which will be settled at a later date.