SunPower (SPWR) director adds 93,650 shares in trust via 7% note interest exchange

Rhea-AI Filing Summary

SunPower Inc. director J. Daniel McCranie reported acquiring 93,650 shares of common stock through a trust in a non-cash exchange. The Dan and Kathy McCranie Revocable Trust received 93,650 shares on July 1, 2026 in exchange for interest amounts payable under 7% convertible senior notes due 2029 held by the trust.

Following the transactions, McCranie directly holds 1,243,169 shares of SunPower common stock and indirectly holds 93,650 shares through the trust where he and his spouse serve as trustees. The filing reflects a debt-interest-for-equity exchange rather than an open-market purchase.

Insights

Equity compensation and capital structure analyst

Director acquires shares via trust in a non-cash note interest exchange.

The filing shows J. Daniel McCranie, a director of SunPower Inc., acquiring 93,650 common shares indirectly. The Dan and Kathy McCranie Revocable Trust exchanged interest amounts payable on its 7% convertible senior notes due 2029 for these shares, so no cash trade occurred.

After this exchange, McCranie holds 1,243,169 shares directly and 93,650 shares indirectly through the trust. Because this is a conversion-like exchange of interest into equity, not an open-market purchase or sale, it is best viewed as a neutral, structure-related adjustment rather than a strong directional signal.

Insider Trade Summary

2 transactions reported

Net Buy 2 txns

Insider MCCRANIE J DANIEL

Role null

Bought 93,650 shs ($0.00)

Type	Security	Shares	Price	Value
Purchase	Common Stock	93,650	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 93,650 shares (Indirect, See Note); Common Stock — 1,243,169 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired via trust: 93,650 shares Direct holdings after transaction: 1,243,169 shares Indirect holdings after transaction: 93,650 shares +2 more

5 metrics

Shares acquired via trust 93,650 shares Common stock issued to Dan and Kathy McCranie Revocable Trust on July 1, 2026

Direct holdings after transaction 1,243,169 shares Common stock directly held by J. Daniel McCranie following transactions

Indirect holdings after transaction 93,650 shares Common stock indirectly held through the Dan and Kathy McCranie Revocable Trust

Convertible note rate 7% Interest rate on convertible senior notes due 2029 exchanged for shares

Convertible notes maturity 2029 Maturity year of 7% convertible senior notes whose interest was exchanged

Key Terms

7% convertible senior notes due 2029, Revocable Trust, indirect ownership

3 terms

7% convertible senior notes due 2029 financial

"interest amounts payable under the 7% convertible senior notes due 2029 held by the Trust were exchanged"

Revocable Trust financial

"issued to the Dan and Kathy McCranie Revocable Trust (the "Trust") on July 1, 2026"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

indirect ownership financial

"Common Stock transaction with 93,650.0000 shares marked as indirect ownership"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 04:31 PM Accepted by SEC EDGAR 07/06/2026 - 04:30 PM Learn about SEC filing dates

FAQ

What insider transaction did SunPower (SPWR) director J. Daniel McCranie report?

SunPower director J. Daniel McCranie reported an acquisition of 93,650 common shares. The shares were issued to the Dan and Kathy McCranie Revocable Trust in exchange for interest amounts owed on 7% convertible senior notes due 2029 held by the trust.

How many SunPower (SPWR) shares does J. Daniel McCranie hold after this Form 4?

After the reported transactions, J. Daniel McCranie holds 1,243,169 SunPower common shares directly and 93,650 shares indirectly through the Dan and Kathy McCranie Revocable Trust, where he and his spouse serve as trustees according to the filing footnote.

Was the 93,650-share SunPower (SPWR) acquisition an open-market purchase?

No, the 93,650-share acquisition was not an open-market purchase. The shares were issued to the McCranie revocable trust in exchange for interest amounts payable on its 7% convertible senior notes due 2029, making it a non-cash exchange transaction.

What security was exchanged for the new SunPower (SPWR) shares in McCranie’s Form 4?

The new shares were exchanged for interest amounts payable on 7% convertible senior notes due 2029. These notes were held by the Dan and Kathy McCranie Revocable Trust, and the owed interest was converted into 93,650 shares of SunPower common stock.

How is the indirect ownership of SunPower (SPWR) shares structured for McCranie?

Indirect ownership arises through the Dan and Kathy McCranie Revocable Trust. The trust received 93,650 SunPower shares in the exchange, and the filing states that J. Daniel McCranie and his spouse serve as trustees, linking those shares to him as indirect holdings.

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^*

MCCRANIE J DANIEL

(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. [ SWPR ]

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)
07/01/2026

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	07/01/2026		P		93,650	A	(1)	93,650	I	See Note(1)
Common Stock								1,243,169	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. Consists of 93,650 shares of common stock issued to the Dan and Kathy McCranie Revocable Trust (the "Trust") on July 1, 2026. The shares were issued to the Trust pursuant to an exchange transaction pursuant to which certain interest amounts payable under the 7% convertible senior notes due 2029 held by the Trust were exchanged for 93,650 shares of common stock. The reporting person serve as trustees of the Trust.

	/s/ Michael Penney, Attorney-in-Fact for Thurman J. Rodgers	07/06/2026
	** 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)