Brennan James Robert 4

What Happened
Brennan James Robert, Chief Financial Officer of SUNation Energy, acquired 123,254 shares of SUNE common stock on April 14, 2026. The shares were issued at $1.77 per share for a total value of $218,160. The transaction is reported as a purchase (code P) but was effected by converting debt into equity rather than an open-market cash buy.

Key Details

• Transaction date and price: April 14, 2026 — 123,254 shares at $1.77 per share.
• Total value: $218,160.
• Method: Debt-for-equity conversion pursuant to a debt conversion agreement (Footnote F2).
• Share-count adjustments: Reported share counts reflect multiple prior reverse splits (1-for-15 on 2024-06-12; 1-for-50 on 2024-10-17; 1-for-200 on 2025-04-09) (Footnote F1).
• Shares owned after the transaction: Not specified in the excerpt provided.
• Filing timeliness: Form 4 was filed on May 1, 2026 for an April 14, 2026 transaction — outside the typical 2-business-day reporting window (this indicates a late filing).

Context
A debt conversion means the insider exchanged outstanding debt for newly issued shares (reducing the company’s liabilities), not a market purchase with cash. Insider purchases (including conversions) are often considered more informative than sales, but they do not by themselves indicate the insider’s broader intentions or timing. The late filing reduces short-term transparency about the trade.