CRSEF Solis Holdings, L.L.C. - 18 Jul 2024 Form 4 Insider Report for Complete Solaria, Inc. (SPWR)

Reporting relationship: 10%+ Owner
Issuer ticker: SPWR
Reported as of: 18 Jul 2024
Net transaction value: +$165
SEC form: 4
Accepted by SEC: 07 Aug 2024, 16:30:07 UTC
Prior SEC filing: 11 Jul 2024
Next SEC filing: 09 Oct 2024
Source filing: View source filing
Reporting owner signature: CRSEF Lux GP S.a r.l., By: /s/ Daniel Fischbach, Manager and By: /s/ Sabine Belair, Manager

Key filing fact

CRSEF Solis Holdings, L.L.C. filed Form 4 for Complete Solaria, Inc. (SPWR) on 07 Aug 2024.

Key facts

This page summarizes CRSEF Solis Holdings, L.L.C.'s Form 4 filing for Complete Solaria, Inc. (SPWR).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 07 Aug 2024, 16:30.

Change

Previous filing in this sequence was filed on 11 Jul 2024.
Current net transaction value: +$165.

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.

CSLR transaction

Common Stock

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

Transaction value: $49,365
Shares: +4,936,483
Change %
Price: $0.0100
Shares after: 4,936,483
Date: 18 Jul 2024
Ownership: See footnote
Footnotes: F1, F2

CSLR transaction

Common Stock

Sale

Transaction value: $49,200
Shares: -35,143
Change %: -0.71%
Price: $1.40
Shares after: 4,901,340
Date: 18 Jul 2024
Ownership: See footnote
Footnotes: F1, F2, F3, F4

Reported derivative securities

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

CSLR transaction Derivative

Warrant (right to buy)

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

Transaction value: $0
Shares: -4,936,483
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 Jul 2024
Ownership: See footnote
Underlying class: Common Stock
Underlying amount: 4,936,483
Exercise price: $0.0100
Footnotes: F1, F2

^* 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 Carlyle Group Inc., which is a publicly traded entity listed on Nasdaq, is the sole shareholder of Carlyle Holdings I GP Inc., which is the sole member of Carlyle Holdings I GP Sub L.L.C., which is the general partner of Carlyle Holdings I L.P., which, with respect to the securities managed by CRSEF Lux GP S.a r.l., is the managing member of CG Subsidiary Holdings L.L.C., which is the managing member of TC Group, L.L.C., which is the general partner of TC Group Sub L.P., which is the sole shareholder of CRSEF Lux GP S.a r.l., which is a general partner of Carlyle CRSEF Solis Aggregator, S.C.Sp.

Footnote F2

The Carlyle Group Inc. is also the sole member of Carlyle Holdings II GP L.L.C., which is the managing member of Carlyle Holdings II L.L.C., which, with respect to the securities managed by CRSEF Managing GP, L.P., is the managing member of CG Subsidiary Holdings L.L.C., which is the general partner of TC Group Cayman Investment Holdings, L.P., which is the general partner of TC Group Cayman Investment Holdings Sub L.P., which is the sole member of CRSEF GP, L.L.C., which is the general partner of CRSEF Managing GP, L.P., which is also a general partner of Carlyle CRSEF Solis Aggregator, S.C.Sp. Carlyle CRSEF Solis Aggregator, S.C.Sp. is the managing member of CRSEF Solis Holdings, L.L.C. Accordingly, each of the entities named herein may be deemed to share beneficial ownership of the securities held of record by CRSEF Solis Holdings, L.L.C.

Footnote F3

On July 18, 2024, the reporting persons exercised a warrant to purchase 4,936,483 shares of Common Stock for $0.01 per share. The reporting persons paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 35,143 of the warrant shares to pay the exercise price and issuing to the reporting persons the remaining 4,901,340 shares.

Footnote F4

The price reported in Column 4 represents the average of the closing price of the issuer's common stock over a fifteen day period from June 21, 2024 to July 15, 2024.

SEC remarks

Due to the limitations of the electronic filing system, each of The Carlyle Group Inc., Carlyle Holdings I GP Inc., Carlyle Holdings I GP Sub L.L.C., Carlyle Holdings I L.P., CG Subsidiary Holdings L.L.C., TC Group, L.L.C., and TC Group Sub L.P. are filing a separate Form 4.