Arnaud Lepert - 18 Jul 2023 Form 4 Insider Report for Freedom Acquisition I Corp. (SPWR)

Role
Chief Operating Officer
Signature
/s/ Matt Hemington, Attorney-in-Fact for Arnaud Lepert
Issuer symbol
SPWR
Transactions as of
18 Jul 2023
Net transactions value
$0
Form type
4
Filing time
20 Jul 2023, 21:20:45 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSLR Common Stock Award $0 +541,009 $0.000000 541,009 18 Jul 2023 Direct F1, F2

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 CSLR Stock Option (Right to Buy) Award $0 +33,896 $0.000000 33,896 18 Jul 2023 Common Stock 33,896 $4.62 Direct F3
transaction CSLR Stock Option (Right to Buy) Award $0 +44,212 $0.000000 44,212 18 Jul 2023 Common Stock 44,212 $11.45 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares subject to the restricted stock unit grant vest as follows: 20% of the shares subject to the restricted stock unit shall vest on July 6, 2024; and 1/60th of the shares subject to the restricted stock unit shall vest monthly thereafter over the following four years.
F2 Received on July 18, 2023 pursuant to that certain Business Combination Agreement, dated May 26, 2023, by and among Freedom Acquisition I Corp. ("FACT"), Jupiter Merger Sub I Corp., a Delaware corporation and wholly-owned subsidiary of FACT, Jupiter Merger Sub II LLC, a Delaware limited liability company and a wholly-owned subsidiary of FACT, Complete Solaria, Inc. (f/k/a Complete Solar Holding Corporation), a Delaware corporation ("Complete Solaria"), and The Solaria Corporation, a Delaware corporation and a wholly-owned indirect subsidiary of Complete Solaria.
F3 The shares subject to the option vest as follows: 15,736 shares subject to the option vested on November 4, 2022; and 1/49th of the remaining shares subject to the option shall vest monthly thereafter from March 24, 2022.
F4 The shares subject to the option vest as follows: 20% of the shares subject to the option vested on November 1, 2022; and 1/60th of the shares subject to the option shall vest monthly thereafter over the following four years.