THOMAS R. MCDANIEL - 11 May 2022 Form 4 Insider Report for SUNPOWER CORP

Role
Director
Signature
/s/ Lauren Walz, as attorney-in-fact for Thomas R. McDaniel
Issuer symbol
N/A
Transactions as of
11 May 2022
Net transactions value
$0
Form type
4
Filing time
13 May 2022, 20:04:04 UTC
Previous filing
25 Feb 2022
Next filing
19 May 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPWR Common Stock Options Exercise $0 +3,643 $0.000000 3,643 11 May 2022 Direct
holding SPWR Common Stock 281,394 11 May 2022 See footnote 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) Award $0 +3,643 $0.000000 3,643 11 May 2022 Common Stock 3,643 Direct F2, F3
transaction SPWR Restricted Stock Units (RSUs) Options Exercise $0 -3,643 -100% $0.000000* 0 11 May 2022 Common Stock 3,643 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held of record by the McDaniel Trust dtd 7/26/2000 (the "Trust") of which the Reporting Person and his wife are co-trustees. Each trustee has independent control and voting power over the Trust.
F2 Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F3 The RSUs were automatically granted and vested immediately on May 11, 2022 under the non-employee director compensation policy approved and adopted by Issuer's Board of Directors on October 21, 2020.