Jason MacRae - 01 Mar 2023 Form 4 Insider Report for SUNPOWER CORP

Role: EVP, Financial Products
Signature: /s/ Bette Tsien, as attorney-in-fact for Jason MacRae
Issuer symbol: N/A
Transactions as of: 01 Mar 2023
Net transactions value: -$117,779
Form type: 4
Filing time: 03 Mar 2023, 17:16:45 UTC
Previous filing: 02 Mar 2023
Next filing: 06 Sep 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	+11,675	+63%	$0.000000	30,137	01 Mar 2023	Direct
transaction	SPWR	Common Stock	Options Exercise	$0	+9,620	+32%	$0.000000	39,757	01 Mar 2023	Direct
transaction	SPWR	Common Stock	Tax liability	$117,779	-7,703	-19%	$15.29	32,054	01 Mar 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	-11,675	-25%	$0.000000	35,027	01 Mar 2023	Common Stock	11,675		Direct	F2, F3
transaction	SPWR	Performance Based Restricted Stock Units (PSUs)	Options Exercise	$0	-9,620	-25%	$0.000000	28,863	01 Mar 2023	Common Stock	9,620		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.