Jason MacRae - Mar 1, 2023 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
Mar 1, 2023
Transactions value $
-$117,779
Form type
4
Date filed
3/3/2023, 05:16 PM
Previous filing
Mar 2, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPWR Common Stock Options Exercise $0 +11.7K +63.24% $0.00 30.1K Mar 1, 2023 Direct
transaction SPWR Common Stock Options Exercise $0 +9.62K +31.92% $0.00 39.8K Mar 1, 2023 Direct
transaction SPWR Common Stock Tax liability -$118K -7.7K -19.38% $15.29 32.1K 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 -11.7K -25% $0.00 35K Mar 1, 2023 Common Stock 11.7K Direct F2, F3
transaction SPWR Performance Based Restricted Stock Units (PSUs) Options Exercise $0 -9.62K -25% $0.00 28.9K Mar 1, 2023 Common Stock 9.62K 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.