Jason MacRae - Sep 5, 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
Sep 5, 2023
Transactions value $
-$72,209
Form type
4
Date filed
9/6/2023, 04:04 PM
Previous filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPWR Common Stock Options Exercise $0 +31.6K +98.61% $0.00 63.7K Sep 5, 2023 Direct
transaction SPWR Common Stock Tax liability -$72.2K -10.3K -16.11% $7.04 53.4K Sep 5, 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 -31.6K -33.33% $0.00 63.2K Sep 5, 2023 Common Stock 31.6K 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 10b-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 vest in equal annual installments on September 5, 2024 and September 5, 2025.