TotalEnergies SE - 03 Jun 2024 Form 4 Insider Report for SUNPOWER CORP

Reporting relationship: Director, 10%+ Owner
Issuer ticker: N/A
Reported as of: 03 Jun 2024
Net transaction value: -$361
SEC form: 4
Accepted by SEC: 05 Jun 2024, 16:05:12 UTC
Prior SEC filing: 03 Jun 2024
Next SEC filing: 11 Jun 2024
Source filing: View source filing
Reporting owner signature: TOTALENERGIES SE By: /s/ Marine Delaitre Name: Marine Delaitre Title: Authorized Signatory

Key filing fact

TotalEnergies SE filed Form 4 for SUNPOWER CORP on 05 Jun 2024.

Key facts

This page summarizes TotalEnergies SE's Form 4 filing for SUNPOWER CORP.
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 05 Jun 2024, 16:05.

Change

Previous filing in this sequence was filed on 03 Jun 2024.
Current net transaction value: -$361.

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SPWR transaction

Common Stock

Options Exercise

Transaction value: $334,021
Shares: +33,402,112
Change %: +26%
Price: $0.0100^*
Shares after: 162,970,512
Date: 03 Jun 2024
Ownership: See Footnote
Footnotes: F1, F2, F3

SPWR transaction

Common Stock

Tax liability

Transaction value: $334,382
Shares: -110,357
Change %: -0.07%
Price: $3.03
Shares after: 162,860,155
Date: 03 Jun 2024
Ownership: See Footnote
Footnotes: F1, F2, F4

Reported derivative securities

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

SPWR transaction Derivative

Warrant (right to buy)

Options Exercise

Transaction value: $0
Shares: -1
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 03 Jun 2024
Ownership: See Footnote
Underlying class: Common Stock
Underlying amount: 33,402,112
Exercise price: $0.0100
Footnotes: F1, F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The securities reported herein are held directly by Sol Holding, LLC ("HoldCo"). TotalEnergies Renewables USA, LLC owns a number of units of HoldCo equal to 50% of the outstanding units plus one unit, and GIP III Sol Acquisition, LLC, owns a number of units of HoldCo equal to 50% of the outstanding units minus one unit.

Footnote F2

TotalEnergies Holdings USA, Inc. is the sole shareholder of TotalEnergies Delaware, Inc., which is the sole member of TotalEnergies Renewables USA, LLC, which is one of two members of HoldCo, a limited liability company managed by a board of managers. TotalEnergies Gestion USA SARL, which is a direct wholly-owned subsidiary of TotalEnergies SE, is the sole shareholder of TotalEnergies Holdings USA, Inc. Each of the foregoing entities is a Reporting Person and may be deemed to beneficially own the securities reported herein; however, each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. Solely for purposes of Section 16 of the Exchange Act, each Reporting Person may be deemed a "director by deputization".

Footnote F3

On June 3, 2024, HoldCo exercised a warrant previously issued to it by SunPower Corp. ("Issuer") on May 30, 2024. The warrant is exercisable for shares of the Issuer's common stock, par value $0.01 per share (the "Common Stock").

Footnote F4

HoldCo paid the exercise price on a cashless basis pursuant to the terms of the warrant, resulting in the Issuer withholding 110,357 shares of Common Stock to pay the exercise price and issuing to HoldCo an aggregate of 33,291,755 shares of Common Stock.