MCCRANIE J DANIEL 4

What Happened
J. Daniel McCranie, a SunPower director and trustee of the Dan and Kathy McCranie Revocable Trust, acquired 93,650 shares of SunPower common stock on July 1, 2026. The filing reports the transaction as a purchase (code P) but does not list a per-share price or dollar value (price = N/A). According to the footnote, the shares were issued to the Trust in exchange for interest amounts payable under 7% convertible senior notes due 2029 that the Trust held — effectively a debt-for-equity exchange rather than an open-market cash purchase.

Key Details

• Transaction date: July 1, 2026; Form filed July 6, 2026.
• Transaction code: P (Purchase); Shares acquired: 93,650; Price: N/A (no dollar amount reported).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Shares issued to the Dan and Kathy McCranie Revocable Trust in exchange for interest on 7% convertible senior notes due 2029; McCranie serves as trustee.
• Timeliness: Filed 5 days after the transaction; Section 16 insiders are generally required to file within 2 business days, so this filing appears late (may be subject to review/penalties).

Context
This was a non-cash transaction converting interest on convertible notes into equity for the Trust, not a typical open-market purchase funded with new personal cash. Such debt-for-equity exchanges are corporate financing actions and don’t, by themselves, necessarily signal personal trading sentiment. Retail investors should note the mechanics (debt conversion to equity) and monitor future filings for any direct purchases or sales by the insider.