Derek Kuzak - 05 Feb 2023 Form 4 Insider Report for SUNPOWER CORP

Role
EVP, Operations
Signature
/s/ Bette Tsien, as attorney-in-fact for Derek Kuzak
Issuer symbol
N/A
Transactions as of
05 Feb 2023
Net transactions value
-$84,556
Form type
4
Filing time
07 Feb 2023, 15:21:25 UTC
Previous filing
12 Apr 2022
Next filing
02 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPWR Common Stock Options Exercise $0 +19,499 $0.000000 19,499 05 Feb 2023 Direct
transaction SPWR Common Stock Tax liability $84,556 -4,829 -25% $17.51 14,670 05 Feb 2023 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 -19,499 -25% $0.000000 58,498 05 Feb 2023 Common Stock 19,499 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 16b-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 The remaining RSUs shall vest in four equal annual installments on each of February 5, 2024, February 5, 2025 and February 5, 2026.