Alyeska reports 10.2M shares (9.16%) in SUNPOWER

Accepted by SEC EDGAR 05/15/2026 - 04:48 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

SUNPOWER INC. Alyeska Investment Group, L.P., Alyeska Fund GP, LLC and Anand Parekh report beneficial ownership of 10,196,302 shares of common stock, equal to 9.16% of the class, based on holdings as of March 31, 2026. The filing states the position includes 839,577 shares of common stock and 9,356,725 shares issuable upon conversion of convertible securities. The number of shares outstanding is reported as 111,300,000 (as provided by the company on April 21, 2026).

Insights

Institutional Ownership Analyst

Alyeska holds a 9.16% stake in SunPower, largely via convertible securities.

Alyeska Investment Group and affiliated entities report beneficial ownership of 10,196,302 shares, of which 9,356,725 are issuable upon conversion. The filing lists shared voting and dispositive power over the full amount.

Dependencies include conversion mechanics and any contractual conversion triggers; cash‑flow treatment is not stated in the excerpt. Subsequent filings or company disclosures may clarify timing or conversion terms.

Key Figures

Beneficial ownership: 10,196,302 shares Percent of class: 9.16% Shares outstanding: 111,300,000 shares +2 more

5 metrics

Beneficial ownership 10,196,302 shares As of March 31, 2026

Percent of class 9.16% Calculated on common stock class reported in filing

Shares outstanding 111,300,000 shares As provided by the Company on April 21, 2026

Direct common shares 839,577 shares Part of Alyeska's reported holdings

Issuable upon conversion 9,356,725 shares Shares issuable upon conversion of convertible securities

Key Terms

beneficially own, issuable upon conversion, shared voting power, joint filing statement

4 terms

beneficially own regulatory

"Reporting Persons beneficially own 10,196,302 shares of Common Stock"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

issuable upon conversion financial

"9,356,725 shares issuable upon conversion of convertible securities"

shared voting power regulatory

"Shared Voting Power 10,196,302.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

joint filing statement regulatory

"JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k)"

FAQ

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

How many SunPower (SPWR) shares does Alyeska report owning?

Alyeska reports beneficial ownership of 10,196,302 SunPower shares, representing 9.16% of the class. The filing breaks this into 839,577 common shares and 9,356,725 shares issuable upon conversion of convertible securities.

What portion of Alyeska's SunPower holdings are conversion rights?

The filing states 9,356,725 of the reported 10,196,302 shares are issuable upon conversion of convertible securities. This count is presented alongside 839,577 directly held common shares in the joint filing exhibit.

What is SunPower's shares outstanding figure in the filing?

The filing cites the company's provided figure of 111,300,000 shares outstanding, with the company date noted as April 21, 2026. That number is presented as a baseline context in the joint filing exhibit.

Who is named as having voting or dispositive power over these shares?

The filing shows shared voting power and shared dispositive power of 10,196,302 shares held by Alyeska entities. Anand Parekh is named but disclaims beneficial ownership for certain fund-held shares per the exhibit language.

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

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

SUNPOWER INC.

(Name of Issuer)

Common stock, par value $0.0001 per share

(Title of Class of Securities)

20460L104

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 20460L104

1

Names of Reporting Persons

Alyeska Investment Group, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 10,196,302.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,196,302.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,196,302.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.16 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 20460L104

1

Names of Reporting Persons

Alyeska Fund GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 10,196,302.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,196,302.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,196,302.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.16 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 20460L104

1

Names of Reporting Persons

Anand Parekh

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 10,196,302.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,196,302.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,196,302.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.16 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SUNPOWER INC.
(b)	Address of issuer's principal executive offices: 1403 N. Research Way, Orem, UT 84097
Item 2.
(a)	Name of person filing: (i) Alyeska Investment Group, L.P. (ii) Alyeska Fund GP, LLC (iii) Anand Parekh
(b)	Address or principal business office or, if none, residence: (i) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601 (ii) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601 (iii) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601
(c)	Citizenship: (i) Alyeska Investment Group, L.P. - Delaware (ii) Alyeska Fund GP, LLC - Delaware (iii) Anand Parekh - United States of America
(d)	Title of class of securities: Common stock, par value $0.0001 per share
(e)	CUSIP No.: 20460L104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 10,196,302
(b)	Percent of class: 9.16%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 10,196,302
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 10,196,302
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Alyeska Investment Group, L.P.

Signature:	Jason Bragg
Name/Title:	Jason Bragg | Chief Financial Officer
Date:	05/15/2026

Alyeska Fund GP, LLC

Signature:	Jason Bragg
Name/Title:	Jason Bragg | Chief Financial Officer
Date:	05/15/2026

Anand Parekh

Signature:	Anand Parekh
Name/Title:	Anand Parekh | Self
Date:	05/15/2026

Exhibit Information

As of March 31, 2026, the Reporting Persons beneficially own 10,196,302 shares of Common Stock, consisting of (i) 839,577 shares of Common Stock and (ii) 9,356,725 shares issuable upon conversion of convertible securities. The number of shares of Common Stock outstanding is 111,300,000 (as provided by the Company on 21 April 2026). Position held by Alyeska Master Fund, L.P. Alyeska Investment Group, L.P., as investment manager, exercises voting and investment control over the shares held by Alyeska Master Fund, L.P. Anand Parekh, as Chief Executive Officer of Alyeska Investment Group, L.P., may be deemed the beneficial owner of such shares. Mr. Parekh disclaims beneficial ownership of such shares. JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on SCHEDULE 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on SCHEDULE 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.