Jason MacRae - Sep 5, 2022 Form 4 Insider Report for SUNPOWER CORP (SPWR)

Role
EVP, Financial Products
Signature
/s/ Bette Tsien, as attorney-in-fact for Jason MacRae
Stock symbol
SPWR
Transactions as of
Sep 5, 2022
Transactions value $
-$300,255
Form type
4
Date filed
9/7/2022, 04:20 PM
Previous filing
Mar 18, 2022
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPWR Common Stock Options Exercise $0 +31.6K $0.00 31.6K Sep 5, 2022 Direct
transaction SPWR Common Stock Tax liability -$300K -13.1K -41.59% $22.84 18.5K Sep 5, 2022 Direct F1

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 -31.6K -25% $0.00 94.8K Sep 5, 2022 Common Stock 31.6K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Disposition of shares exempt under Rule 10b-3 as payment of tax liability to Company by delivery or withholding securities incident to vesting of restricted shares.
F2 Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F3 RSUs shall vest in three equal annual installments on each of September 5, 2023, September 5, 2024 and September 5, 2025.