David John Anderson - 18 Jul 2023 Form 4 Insider Report for Freedom Acquisition I Corp. (SPWR)

Role
CMO; EVP Strategic Partnership, Director
Signature
/s/ Matt Hemington, Attorney-in-Fact for David J. Anderson
Issuer symbol
SPWR
Transactions as of
18 Jul 2023
Net transactions value
$0
Form type
4
Filing time
20 Jul 2023, 21:22:56 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 +405,090 $0.000000 405,090 18 Jul 2023 Direct F1
transaction CSLR Common Stock Award $0 +48,296 $0.000000 48,296 18 Jul 2023 See footnote 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 +48,296 $0.000000 48,296 18 Jul 2023 Common Stock 48,296 $0.1900 Direct F3
transaction CSLR Stock Option (Right to Buy) Award $0 +193,188 $0.000000 193,188 18 Jul 2023 Common Stock 193,188 $0.8300 Direct F3
transaction CSLR Stock Option (Right to Buy) Award $0 +96,593 $0.000000 96,593 18 Jul 2023 Common Stock 96,593 $1.87 Direct F4
transaction CSLR Stock Option (Right to Buy) Award $0 +241,484 $0.000000 241,484 18 Jul 2023 Common Stock 241,484 $5.18 Direct F5
transaction CSLR Warrant (Right to Buy) Award $0 +126,710 $0.000000 126,710 18 Jul 2023 Common Stock 126,710 $11.50 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The securities are held by the Risk Allocations Systems, Inc. for which the Reporting Person is a stockholder. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for the purpose of Section 16 or for any other purpose.
F3 This option is fully vested.
F4 The shares subject to the option vest as follows: 1/36th of the shares subject to the option shall vest monthly over three years from March 1, 2022.
F5 The shares subject to the option vest as follows: 1/60th of the shares subject to the option shall vest monthly over five years from May 11, 2023.
F6 Shares subject to the warrant are exercisable thirty days after the closing of the Business Combination.