Thurman J. Rodgers - 23 Apr 2026 Form 4 Insider Report for SunPower Inc. (SPWR)

Reporting relationship: Chief Executive Officer, Director, 10%+ Owner
Issuer ticker: SPWR
Reported as of: 23 Apr 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 27 Apr 2026, 18:08:14 UTC
Prior SEC filing: 17 Mar 2026
Next SEC filing: 15 May 2026
Source filing: View source filing
Reporting owner signature: /s/ Michael Penney, Attorney-in-Fact for Thurman J. Rodgers

Key filing fact

Thurman J. Rodgers filed Form 4 for SunPower Inc. (SPWR) on 27 Apr 2026.

Key facts

This page summarizes Thurman J. Rodgers's Form 4 filing for SunPower Inc. (SPWR).
3 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 27 Apr 2026, 18:08.

Change

Previous filing in this sequence was filed on 17 Mar 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001183967 Primary reporting owner

Rodgers Thurman J

Relationship: Chief Executive Officer, Director, 10%+ Owner
Address: C/O SUNPOWER INC., 1403 N. RESEARCH WAY, OREM
Signature: /s/ Michael Penney, Attorney-in-Fact for Thurman J. Rodgers
Signature date: 27 Apr 2026

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SPWR transaction Derivative

10% Convertible Senior Secured Notes due 2029

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares
Change %
Price
Shares after: $6,000,000
Date: 23 Apr 2026
Ownership: See Footnote
Underlying class: Common Stock
Underlying amount: 3,661,885
Exercise price
Footnotes: F1, F2, F3, F4, F5

SPWR transaction Derivative

Simple Agreement for Future Equity

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares
Change %
Price
Shares after: $0
Date: 23 Apr 2026
Ownership: See Footnote
Underlying class: Convertible Notes
Underlying amount: 5,000,000
Exercise price
Footnotes: F3, F5

SPWR transaction Derivative

Simple Agreement for Future Equity

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares
Change %
Price
Shares after: $0
Date: 23 Apr 2026
Ownership: See Footnote
Underlying class: Convertible Notes
Underlying amount: 1,000,000
Exercise price
Footnotes: F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

The conversion rate for the 10% Convertible Senior Secured Notes due 2029 (the "Convertible Notes") is initially equal to 610.3143 shares of common stock per $1,000 principal amount of the Convertible Notes, subject to adjustment in accordance with the terms of the Convertible Notes.

Footnote F2

The Convertible Notes mature on May 1, 2029, unless earlier converted or repurchased. The Reporting Person may convert all or any portion of the Convertible Note prior to the close of business on the business day immediately preceding the maturity date.

Footnote F3

On 4/8/2026, a trust controlled by the Reporting Person purchased a simple agreement for future equity ("April 2026 SAFE") in exchange for $5,000,000. At the closing of the issuance of the Convertible Notes, the April 2026 SAFE was converted and exchanged into $5,000,000 principal amount of the Convertible Notes.

Footnote F4

On 5/13/2024, a trust controlled by the Reporting Person purchased a simple agreement for future equity (the "May 2024 SAFE") in exchange for $1,000,000. The May 2024 SAFE was converted and exchanged into $1,000,000 principal amount of the Convertible Notes.

Footnote F5

$5,000,000 principal amount of the Convertible Notes are held by the Rodgers Massey Revocable Living Trust, and $1,000,000 principal amount of the Convertible Notes are held by the Rodgers Family Freedom & Free Markets Charitable Trust. The April 2026 SAFE was held by Rodgers Massey Revocable Living Trust, and the May 2024 SAFE was held by the Rodgers Family Freedom & Free Markets Charitable Trust. The Reporting Person and his spouse serve as trustees for each of the Rodgers Massey Revocable Living Trust and the Rodgers Family Freedom & Free Markets Charitable Trust.