4//SEC Filing
GIP III Sol Acquisition, LLC 4
Accession 0001104659-24-057009
CIK 0000867773other
Filed
May 2, 8:00 PM ET
Accepted
May 3, 4:30 PM ET
Size
13.1 KB
Accession
0001104659-24-057009
Insider Transaction Report
Form 4
SUNPOWER CORPSPWR
GIP III Sol Holdings, L.P.
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2024-05-01$0.01/sh+6,674,735$66,747→ 129,600,189 total(indirect: See Footnote) - Tax Payment
Common Stock
2024-05-01$2.10/sh−31,789$66,757→ 129,568,400 total(indirect: See Footnote) - Exercise/Conversion
Warrant (right to buy)
2024-05-01−0.16→ 0 total(indirect: See Footnote)Exercise: $0.01Exp: 2034-02-14→ Common Stock (6,674,735 underlying)
GIP III Sol Acquisition, LLC
Director10% Owner
Transactions
- Tax Payment
Common Stock
2024-05-01$2.10/sh−31,789$66,757→ 129,568,400 total(indirect: See Footnote) - Exercise/Conversion
Common Stock
2024-05-01$0.01/sh+6,674,735$66,747→ 129,600,189 total(indirect: See Footnote) - Exercise/Conversion
Warrant (right to buy)
2024-05-01−0.16→ 0 total(indirect: See Footnote)Exercise: $0.01Exp: 2034-02-14→ Common Stock (6,674,735 underlying)
Footnotes (4)
- [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.
- [F2]The sole member of GIP III Sol Acquisition, LLC is GIP III Sol Holdings, L.P. The general partner of GIP III Sol Holdings, L.P. is Global Infrastructure GP III, L.P. The General Partner of Global Infrastructure GP III, L.P. is Global Infrastructure Investors III, LLC. As a result, 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".
- [F3]On May 1, 2024, HoldCo partially exercised a warrant previously issued to it by SunPower Corp. ("Issuer") on February 14, 2024. The warrant is exercisable for shares of the Issuer's common stock, par value $0.001 per share (the "Common Stock"). As previously reported, on March 5, 2024, HoldCo exercised the portion of the warrant representing 35,077,905 of the 41,752,640 shares of Common Stock underlying the warrant. On May 1, 2024, HoldCo exercised the remaining 6,674,735 shares of Common Stock underlying the warrant.
- [F4]HoldCo paid the exercise price on a cashless basis pursuant to the terms of the warrant, resulting in the Issuer withholding 31,789 shares of Common Stock to pay the exercise price and issuing to HoldCo an aggregate of 6,642,946 shares of Common Stock.
Documents
Issuer
SUNPOWER CORP
CIK 0000867773
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001946519
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 4:30 PM ET
- Size
- 13.1 KB