[SCHEDULE 13G] SunPower Inc. Passive Investment Disclosure (>5%)
Foris, Doerr report 14% SunPower ownership
A group led by Foris Ventures and related trusts reports beneficial ownership of about 14% of SunPower’s common stock, including shares underlying a convertible note and warrant.
SunPower Inc. (SPWR) disclosed that Foris Ventures, LLC and affiliated reporting persons hold a significant stake in its common stock. As of September 8, 2026, Foris Ventures directly owns 43,196,259 shares of common stock, representing about 13.6% of SunPower’s outstanding common stock, including shares issuable under certain securities.
The Vallejo Ventures Trust U/T/A 2/12/96, together with interests through Foris Ventures, and individuals L. John Doerr, Ann Doerr, and Barbara Hager may each be deemed to beneficially own 44,724,680 shares, or about 14.0% of the company. This total includes 3,051,572 shares issuable upon conversion of a 10.00% Convertible Senior Secured Note due 2029 and 121,176 shares issuable upon exercise of a warrant issued July 18, 2023. The ownership percentages are based on 315,199,964 shares of common stock outstanding as of September 8, 2026 plus the note and warrant shares.
Positive
None.
Negative
None.
Key Figures
Foris Ventures beneficial ownership:43,196,259 shares (13.6%)Aggregate beneficial ownership for VVT, Doerrs, Hager:44,724,680 shares (14.0%)SunPower shares outstanding:315,199,964 shares+4 more
7 metrics
Foris Ventures beneficial ownership43,196,259 shares (13.6%)Common stock beneficially owned by Foris Ventures, LLC as of September 8, 2026
Aggregate beneficial ownership for VVT, Doerrs, Hager44,724,680 shares (14.0%)Shares each of Vallejo Ventures Trust, L. John Doerr, Ann Doerr, and Barbara Hager may be deemed to beneficially own
SunPower shares outstanding315,199,964 sharesCommon stock issued and outstanding as of September 8, 2026
Convertible Note share amount3,051,572 sharesShares issuable to Foris Ventures upon conversion of the 10.00% Convertible Senior Secured Note due 2029
Warrant share amount121,176 sharesShares issuable to Foris Ventures upon exercise of a warrant issued July 18, 2023
Convertible Note interest rate10.00%Interest rate on the Convertible Senior Secured Note due 2029 held by Foris Ventures
VVT direct holdings1,528,421 sharesCommon stock directly owned by The Vallejo Ventures Trust U/T/A 2/12/96
Key Terms
beneficially own, Convertible Senior Secured Note, warrant, sole voting power, +2 more
6 terms
beneficially ownfinancial
"may be deemed to beneficially own an aggregate of 44,724,680 shares"
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.
Convertible Senior Secured Notefinancial
"that certain 10.00% Convertible Senior Secured Note due 2029"
warrantfinancial
"shares of Common Stock issuable to FV upon exercise of a warrant"
A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.
sole voting powerfinancial
"5 | Sole Voting Power 43,196,259.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
shared dispositive powerfinancial
"8 | Shared Dispositive Power 0.00"
Rule 13d-5(b)(1)regulatory
"disclaim membership in a "group" as used in Rule 13d-5(b)(1)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much of SunPower Inc. (SPWR) does Foris Ventures LLC beneficially own?
Foris Ventures, LLC beneficially owns 43,196,259 shares of SunPower common stock, representing approximately 13.6% of the outstanding common stock as of September 8, 2026, including shares issuable upon conversion of a convertible note and exercise of a warrant.
What is the total SunPower (SPWR) stake reported by Vallejo Ventures Trust and related persons?
The Vallejo Ventures Trust U/T/A 2/12/96, together with related interests, and L. John Doerr, Ann Doerr, and Barbara Hager may each be deemed to beneficially own 44,724,680 shares of SunPower common stock, representing about 14.0% of the outstanding common stock as of September 8, 2026.
How many SunPower (SPWR) shares are outstanding according to this Schedule 13G?
The beneficial ownership calculations are based on 315,199,964 shares of SunPower common stock issued and outstanding as of September 8, 2026, plus shares issuable upon conversion of a convertible note and exercise of a warrant held by Foris Ventures.
What convertible securities into SunPower (SPWR) stock does Foris Ventures hold?
Foris Ventures holds a 10.00% Convertible Senior Secured Note due 2029, convertible into 3,051,572 shares of SunPower common stock, and a warrant issued on July 18, 2023 exercisable for 121,176 shares of common stock, both included in its reported beneficial ownership.
Who are the reporting persons on this SunPower (SPWR) Schedule 13G?
The reporting persons are Foris Ventures, LLC, The Vallejo Ventures Trust U/T/A 2/12/96, L. John Doerr, Ann Doerr, and Barbara Hager. The trust is the member of Foris Ventures, and the individuals are trustees or manager/special trustee involved with those entities.
Do the SunPower (SPWR) reporting persons claim to be a group under SEC rules?
The reporting persons expressly disclaim membership in a "group" as that term is used in Rule 13d-5(b)(1), even though they report their respective beneficial ownership interests in this Schedule 13G.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
SunPower Inc.
(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
20460L104
(CUSIP Number)
09/04/2026
(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
Foris Ventures, 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
43,196,259.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
43,196,259.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
43,196,259.00
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)
13.6 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The shares of common stock, par value $0.0001 per share ("Common Stock") reported herein include: (i) 40,023,511 shares of Common Stock currently outstanding and held by Foris Ventures, LLC ("FV") (ii) 3,051,572 shares of Common Stock issuable to FV upon conversion of the indebtedness outstanding under that certain 10.00% Convertible Senior Secured Note due 2029 (the "Convertible Note") issued by SunPower Inc. (the "Company") to FV as of September 8, 2026, and (iii) 121,176 shares of Common Stock issuable to FV upon exercise of a warrant issued to FV on July 18, 2023 (the "Warrant"). Barbara Hager, the manager of FV, may be deemed to have sole power to vote and dispose of these securities. The Vallejo Ventures Trust U/T/A 2/12/96 ("VVT"), the member of FV, may be deemed to have sole power to vote and dispose of these securities, and L. John Doerr ("John Doerr") and Ann Doerr, the trustees of VVT, and Barbara Hager, the special trustee of VVT, may be deemed to have shared power to vote and dispose of these securities.
The percentage calculation is based on a total of 318,372,712 shares of Common Stock, which amount consists of (i) 315,199,964 shares of Common Stock issued and outstanding as of September 8, 2026, (ii) 3,051,572 shares of Common Stock issuable to FV upon conversion of the indebtedness outstanding under the Convertible Note as of September 8, 2026 and (iii) 121,176 shares of Common Stock issuable to FV upon exercise of the Warrant.
SCHEDULE 13G
CUSIP Number(s):
20460L104
1
Names of Reporting Persons
The Vallejo Ventures Trust U/T/A 2/12/96
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
CALIFORNIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
44,724,680.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
44,724,680.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
44,724,680.00
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)
14.0 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The shares of Common Stock reported herein include: (i) 1,528,421 shares of Common Stock currently outstanding and held by VVT, (ii) 40,023,511 shares of Common Stock currently outstanding and held by FV, (iii) 3,051,572 shares of Common Stock issuable to FV upon conversion of the indebtedness outstanding under the Convertible Note as of September 8, 2026, and (iv) 121,176 shares of Common Stock issuable to FV upon exercise of the Warrant. VVT, the member of FV, may be deemed to have sole power to vote and dispose of these securities, and John Doerr and Ann Doerr, the trustees of VVT, and Barbara Hager, the special trustee of VVT, may be deemed to have shared power to vote and dispose of the securities held by FV and VVT.
The percentage calculation is based on a total of 318,251,536 shares of Common Stock, which amount consists of (i) 315,199,964 shares of Common Stock issued and outstanding as of September 8, 2026, (ii) 3,051,572 shares of Common Stock issuable to FV upon conversion of the indebtedness outstanding under the Convertible Note as of September 8, 2026, and (iii) 121,176 shares of Common Stock issuable to FV upon exercise of the Warrant.
SCHEDULE 13G
CUSIP Number(s):
20460L104
1
Names of Reporting Persons
L. John Doerr
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
44,724,680.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
44,724,680.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
44,724,680.00
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)
14.0 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: The shares of Common Stock reported herein include: (i) 1,528,421 shares of Common Stock currently outstanding and held by VVT, (ii) 40,023,511 shares of Common Stock currently outstanding and held by FV, (iii) 3,051,572 shares of Common Stock issuable to FV upon conversion of the indebtedness outstanding under the Convertible Note as of September 8, 2026, and (iv) 121,176 shares of Common Stock issuable to FV upon exercise of the Warrant. John Doerr is a trustee of VVT, which is the member of FV. John Doerr may be deemed to have shared power to vote and dispose of shares beneficially owned by FV and VVT.
The percentage calculation is based on a total of 318,251,536 shares of Common Stock, which amount consists of (i) 315,199,964 shares of Common Stock issued and outstanding as of September 8, 2026, (ii) 3,051,572 shares of Common Stock issuable to FV upon conversion of the indebtedness outstanding under the Convertible Note as of September 8, 2026, and (iii) 121,176 shares of Common Stock issuable to FV upon exercise of the Warrant.
SCHEDULE 13G
CUSIP Number(s):
20460L104
1
Names of Reporting Persons
Ann Doerr
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
44,724,680.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
44,724,680.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
44,724,680.00
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)
14.0 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: The shares of Common Stock reported herein include: (i) 1,528,421 shares of Common Stock currently outstanding and held by VVT, (ii) 40,023,511 shares of Common Stock currently outstanding and held by FV, (iii) 3,051,572 shares of Common Stock issuable to FV upon conversion of the indebtedness outstanding under the Convertible Note as of September 8, 2026, and (iv) 121,176 shares of Common Stock issuable to FV upon exercise of the Warrant. Ann Doerr is a trustee of VVT, which is the member of FV. Ann Doerr may be deemed to have shared power to vote and dispose of shares beneficially owned by FV and VVT.
The percentage calculation is based on a total of 318,251,536 shares of Common Stock, which amount consists of (i) 315,199,964 shares of Common Stock issued and outstanding as of September 8, 2026, (ii) 3,051,572 shares of Common Stock issuable to FV upon conversion of the indebtedness outstanding under the Convertible Note as of September 8, 2026, and (iii) 121,176 shares of Common Stock issuable to FV upon exercise of the Warrant.
SCHEDULE 13G
CUSIP Number(s):
20460L104
1
Names of Reporting Persons
Barbara Hager
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
44,724,680.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
44,724,680.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
44,724,680.00
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)
14.0 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: The shares of Common Stock reported herein include: (i) 1,528,421 shares of Common Stock currently outstanding and held by VVT, (ii) 40,023,511 shares of Common Stock currently outstanding and held by FV, (iii) 3,051,572 shares of Common Stock issuable to FV upon conversion of the indebtedness outstanding under the Convertible Note as of September 8, 2026, and (iv) 121,176 shares of Common Stock issuable to FV upon exercise of the Warrant. Barbara Hager, the manager of FV and the special trustee of VVT, may be deemed to have sole power to vote and dispose of these securities.
The percentage calculation is based on a total of 318,251,536 shares of Common Stock, which amount consists of (i) 315,199,964 shares of Common Stock issued and outstanding as of September 8, 2026, (ii) 3,051,572 shares of Common Stock issuable to FV upon conversion of the indebtedness outstanding under the Convertible Note as of September 8, 2026, and (iii) 121,176 shares of Common Stock issuable to FV upon exercise of the Warrant.
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:
This Schedule 13G is filed by:
(i) Foris Ventures, LLC ("FV");
(ii) The Vallejo Ventures Trust U/T/A 2/12/96 ("VVT");
(iii) L. John Doerr ("John Doerr");
(iv) Ann Doerr; and
(v) Barbara Hager (collectively, the "Reporting Persons").
VVT is the member of FV. John Doerr and Ann Doerr are the trustees of VVT. Barbara Hager is the special trustee of VVT and the manager of FV.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of the Reporting Persons is 1180 San Carlos Avenue, #717 San Carlos, CA 94070.
(c)
Citizenship:
FV is incorporated under the laws of the State of Delaware. VVT is organized under the laws of the State of California. John Doerr, Ann Doerr and Barbara Hager are citizens of the United States of America.
(d)
Title of class of securities:
Common Stock, $0.0001 par value per share
(e)
CUSIP Number(s):
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:
As of September 8, 2026, FV directly owns 43,196,259 shares of Common Stock, representing approximately 13.6% of the outstanding Common Stock of the Company. VVT directly owns 1,528,421 shares of Common Stock and may be deemed to beneficially own an aggregate of 44,724,680 shares of Common Stock, representing approximately 14.0% of the outstanding Common Stock of the Company. John Doerr, Ann Doerr and Barbara Hager may each be deemed to beneficially own an aggregate of 44,724,680 shares of Common Stock, representing approximately 14.0% of the outstanding Common Stock of the Company.
The percent of class beneficially owned by the Reporting Persons as of September 8, 2026 is based upon (i) 315,199,964 shares of Common Stock outstanding, as disclosed by the Issuer to the Reporting Persons, (ii) 3,051,572 shares of Common Stock issuable to FV upon conversion of the indebtedness outstanding under that certain 10.00% Convertible Senior Secured Note due 2029 (the "Convertible Note") issued by the Company to FV, and (iii) 121,176 shares of Common Stock issuable to FV upon exercise of a warrant issued to FV on July 18, 2023 (the "Warrant").
(b)
Percent of class:
Item 4(a) is incorporated by reference.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Foris Ventures, LLC: 43,196,259
The Vallejo Ventures Trust U/T/A 2/12/96: 44,724,680
Barbara Hager: 44,724,680
(ii) Shared power to vote or to direct the vote:
L. John Doerr: 44,724,680
Ann Doerr: 44,724,680
(iii) Sole power to dispose or to direct the disposition of:
Foris Ventures, LLC: 43,196,259
The Vallejo Ventures Trust U/T/A 2/12/96: 44,724,680
Barbara Hager: 44,724,680
(iv) Shared power to dispose or to direct the disposition of:
L. John Doerr: 44,724,680
Ann Doerr: 44,724,680
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.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
The Reporting Persons expressly disclaim membership in a "group" as used in Rule 13d-5(b)(1).
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 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.
