SunPower director gifts 3,000 shares to daughter

SunPower Inc. (SPWR) director Antonio R. Alvarez reported a bona fide gift of 3,000 shares of SunPower common stock on September 17, 2026, transferring them to his daughter.

Rhea-AI Filing Summary

SunPower Inc. (SPWR) director Antonio R. Alvarez reported a bona fide gift of 3,000 shares of SunPower common stock on September 17, 2026, transferring them to his daughter. After this gift, he reports holding 103,557 shares directly. He disclaims beneficial ownership of the shares held by his daughter, and no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

3,000 shares gifted

Gift 1 txn

Insider ALVAREZ ANTONIO R

Role Director

Type	Security	Shares	Price	Value
Gift	Common Stock F1	3,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 103,557 shares (Direct)

Footnotes (1)

1. F1. This transaction involved the reporting person's gift of 3,000 shares of SPWR common stock to his daughter. The reporting person disclaims beneficial ownership of the securities held by his daughter, and this report shall not be an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or any other purpose.

Key Figures

Common shares gifted: 3,000 shares Shares held after transaction: 103,557 shares Reported price per share: $0.00 per share +1 more

4 metrics

Common shares gifted 3,000 shares Bona fide gift on September 17, 2026

Shares held after transaction 103,557 shares Direct ownership reported following the gift

Reported price per share $0.00 per share Filed for the 3,000-share gift transaction

Gift transactions in this filing 1 transaction Single bona fide gift reported by the director

Key Terms

bona fide gift, beneficial ownership, Section 16

3 terms

bona fide gift regulatory

"The transaction is identified as a bona fide gift of 3,000 shares"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

beneficial ownership regulatory

"The reporting person disclaims beneficial ownership of the securities held"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Section 16 regulatory

"Not an admission of being the beneficial owner for purposes of Section 16"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

FAQ

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

What insider transaction did SunPower (SPWR) director Antonio R. Alvarez report?

He reported a bona fide gift of 3,000 shares of SunPower common stock on September 17, 2026, transferring them to his daughter, with no sale proceeds reported.

How many SPWR shares does Antonio R. Alvarez hold after this reported transaction?

After the gift, Antonio R. Alvarez reports 103,557 shares of SunPower common stock held directly, according to the filing’s post-transaction ownership figure.

Was the SunPower (SPWR) insider transaction made under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked, and there is no footnote indicating that the 3,000-share gift was made pursuant to a 10b5-1 or other pre-arranged trading plan.

Who received the gifted SPWR shares from director Antonio R. Alvarez?

The 3,000 shares of SunPower common stock were gifted to his daughter, as stated in the footnote describing the bona fide gift transaction.

Does Antonio R. Alvarez claim beneficial ownership of his daughter’s SPWR shares?

No. The filing states that he disclaims beneficial ownership of the securities held by his daughter and that the report is not an admission of beneficial ownership for Section 16 or any other purpose.

Was there any price reported for the gifted SunPower (SPWR) shares?

The filing lists a per-share price of $0.0000 for the 3,000 common shares, consistent with the transaction being a bona fide gift rather than a market sale or purchase.

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

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Available on EDGAR 09/18/2026 - 05:02 PM Accepted by SEC EDGAR 09/18/2026 - 05:02 PM 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^*

ALVAREZ ANTONIO R

(Last) (First) (Middle)

C/O SUNPOWER INC.

1403 N. RESEARCH WAY

(Street)

OREM UTAH 94538

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

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	09/17/2026		G(1)		3,000	D	$0	103,557	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. This transaction involved the reporting person's gift of 3,000 shares of SPWR common stock to his daughter. The reporting person disclaims beneficial ownership of the securities held by his daughter, and this report shall not be an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or any other purpose.

	/s/ Michael Penney, Attorney-in-Fact for Antonio R. Alvarez	09/18/2026
	** 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)