Peter Faricy - Mar 1, 2023 Form 4 Insider Report for SUNPOWER CORP (SPWR)

Signature
/s/ Bette Tsien, as attorney-in-fact for Peter Faricy
Stock symbol
SPWR
Transactions as of
Mar 1, 2023
Transactions value $
-$312,986
Form type
4
Date filed
3/3/2023, 05:11 PM
Previous filing
Mar 2, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPWR Common Stock Options Exercise $0 +26.5K +18.68% $0.00 169K Mar 1, 2023 Direct
transaction SPWR Common Stock Options Exercise $0 +21.9K +12.97% $0.00 190K Mar 1, 2023 Direct
transaction SPWR Common Stock Tax liability -$313K -20.5K -10.75% $15.29 170K Mar 1, 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 -26.5K -25% $0.00 79.6K Mar 1, 2023 Common Stock 26.5K Direct F2, F3
transaction SPWR Performance Based Restricted Stock Units (PSUs) Options Exercise $0 -21.9K -25% $0.00 65.6K Mar 1, 2023 Common Stock 21.9K 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 or PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F3 The remaining RSUs or PSUs vest in equal installments on March 1, 2024, March 1, 2025 and March 1, 2026.