Thurman J. Rodgers - Sep 8, 2024 Form 4 Insider Report for Complete Solaria, Inc. (CLSR)

Signature
/s/ Michael Penney, Attorney-in-Fact for Thurman J. Rodgers
Stock symbol
CLSR
Transactions as of
Sep 8, 2024
Transactions value $
$8,000,000
Form type
4
Date filed
9/24/2024, 05:53 PM
Previous filing
Jun 24, 2024
Next filing
Sep 30, 2024

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 CLSR 7% Convertible Senior Notes Due 2029 Purchase $8M $8M Sep 8, 2024 Common Stock 3.74M See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The conversion rate for the 7% Convertible Senior Notes due 2029 (the "Convertible Notes") is equal to 467.8363 shares of common stock per $1,000 principal amount of the Convertible Notes (equivalent to an initial conversion price of approximately $2.14 per share of common stock), subject to adjustment in accordance with the applicable indenture.
F2 The Convertible Notes mature on July 1, 2029, unless earlier converted or repurchased. The Reporting Person may convert all or any portion of the Convertible Notes at any time after September 16, 2025 and prior to the close of business on the business day immediately preceding the maturity date.
F3 $4,000,000 of the Convertible Notes are owned by the Rodgers Massey Revocable Trust, for which the Reporting Person and his spouse serve as trustee. $4,000,000 of the remaining Convertible Notes are owned by the Rodgers Family Freedom and Free Markets Charitable Trust, for which the Reporting Person and his spouse serve as trustee.

Remarks:

Exhibit 24 - Power of Attorney