Thomas R. Mcdaniel - Feb 13, 2023 Form 4 Insider Report for SUNPOWER CORP (SPWR)

Role
Director
Signature
/s/ Bette Tsien, as attorney-in-fact for Thomas R. McDaniel
Stock symbol
SPWR
Transactions as of
Feb 13, 2023
Transactions value $
$0
Form type
4
Date filed
2/14/2023, 03:13 PM
Previous filing
Nov 18, 2022
Next filing
Feb 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPWR Common Stock Options Exercise $0 +3.18K $0.00 3.18K Feb 13, 2023 Direct
holding SPWR Common Stock 289K Feb 13, 2023 See footnote 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) Award $0 +3.18K $0.00 3.18K Feb 13, 2023 Common Stock 3.18K Direct F2, F3
transaction SPWR Restricted Stock Units (RSUs) Options Exercise $0 -3.18K -100% $0.00* 0 Feb 13, 2023 Common Stock 3.18K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held of record by the McDaniel Trust dtd 7/26/2000 (the "Trust") of which Mr. McDaniel and his wife are co-trustees. Each trustee has independent control and voting power over the Trust.
F2 Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F3 The RSUs were automatically granted and vested immediately on February 13, 2023 under the non-employee director compensation policy approved and adopted by Issuer's Board of Directors on October 21, 2020.