SunPower grants CFO 1,000,000 RSUs

Kowalczuk Tom reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Kowalczuk Tom reported acquisition or exercise transactions in this Form 4 filing.

SunPower Inc. reported that Chief Financial Officer Tom Kowalczuk received a grant of 1,000,000 restricted stock units (RSUs) of common stock as an inducement grant under his employment offer. The RSUs carry no purchase price, with 20% vesting one year after grant and the remainder vesting ratably over the following four years, contingent on his continuous service. Following this award, he holds 1,000,000 shares/units directly.

Insider Trade Summary

Grant/Award: 1,000,000 shares

Grant/Award 1 txn

Insider Kowalczuk Tom

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	1,000,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 1,000,000 shares (Direct)

Footnotes (1)

1. F1. Reflects a grant of restricted stock units (RSUs) pursuant to an employment offer letter as an inducement grant to a new hire outside of the Issuer's equity incentive plan and is subject to vesting as follows: 20% of the RSUs vest one year after grant, and the remainder vest ratably on an annual basis over the course of the following four years, subject to the Reporting Person's continuous service through each vesting date.

Key Figures

RSUs granted: 1,000,000 shares Grant price per share: $0.0000 Holdings after grant: 1,000,000 shares +2 more

5 metrics

RSUs granted 1,000,000 shares Restricted stock units of common stock granted to CFO as inducement

Grant price per share $0.0000 Reported transaction price per share for the RSU grant

Holdings after grant 1,000,000 shares Total direct SunPower common stock/units held by CFO after transaction

Initial vesting portion 20% Portion of RSUs vesting one year after grant

Remaining vesting term four years Remaining RSUs vest ratably on an annual basis over four years

Key Terms

restricted stock units (RSUs), inducement grant, equity incentive plan, continuous service

4 terms

restricted stock units (RSUs) financial

"Reflects a grant of restricted stock units (RSUs) pursuant to an employment offer"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

inducement grant financial

"as an inducement grant to a new hire outside of the Issuer's equity incentive plan"

An inducement grant is a stock-based reward given to a new hire—often options or restricted shares—used as a recruiting “signing bonus” to encourage someone to join a company and stay long enough to add value. Investors care because these grants can dilute existing shareholdings, change executive incentives and increase reported compensation costs, so they signal both management priorities and potential impacts on shareholder value.

equity incentive plan financial

"outside of the Issuer's equity incentive plan and is subject to vesting"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

continuous service financial

"subject to the Reporting Person's continuous service through each vesting date"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity award did SunPower (SPWR) grant to its CFO Tom Kowalczuk?

SunPower granted CFO Tom Kowalczuk 1,000,000 restricted stock units (RSUs) of common stock as an inducement grant under his employment offer, with no purchase price required for the award.

How do Tom Kowalczuk’s new RSUs at SunPower (SPWR) vest?

The RSUs vest over time: 20% vest one year after the grant date, and the remaining 80% vest ratably on an annual basis over the following four years, conditioned on continuous service through each vesting date.

Is the SunPower (SPWR) CFO’s RSU award part of the company’s equity incentive plan?

No. The 1,000,000 RSU grant to CFO Tom Kowalczuk was issued outside SunPower’s equity incentive plan as an inducement grant pursuant to his employment offer letter.

What is Tom Kowalczuk’s direct SunPower (SPWR) equity position after this Form 4?

After the reported transaction, Tom Kowalczuk has a direct holding of 1,000,000 shares/units of SunPower common stock, all attributable to this newly granted restricted stock unit award.

Does the SunPower (SPWR) CFO need to pay anything for the new RSU grant?

No. The 1,000,000 RSUs were granted at a reported price of $0.0000 per share, meaning there is no purchase price; value depends on future vesting and SunPower’s share price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/13/2026 - 04:20 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kowalczuk Tom

(Last) (First) (Middle)

C/O SUNPOWER INC.

1403 N. RESEARCH WAY

(Street)

OREM UTAH 84097

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SunPower Inc. [ SPWR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/30/2026		A		1,000,000(1)	A	$0.00	1,000,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects a grant of restricted stock units (RSUs) pursuant to an employment offer letter as an inducement grant to a new hire outside of the Issuer's equity incentive plan and is subject to vesting as follows: 20% of the RSUs vest one year after grant, and the remainder vest ratably on an annual basis over the course of the following four years, subject to the Reporting Person's continuous service through each vesting date.

	/s/ Michael Penney, Attorney-in-Fact for Tom Kowalczuk	07/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)