AWM reports 820,000 SUNation Energy shares

AWM Investment Company, Inc. has filed an initial ownership report for SUNation Energy, Inc., showing indirect holdings of 820,000 shares of Common Stock.

Rhea-AI Filing Summary

AWM Investment Company, Inc. has filed an initial ownership report for SUNation Energy, Inc., showing indirect holdings of 820,000 shares of Common Stock. The shares are held by Special Situations Private Equity Fund, L.P., over which AWM has sole voting and investment power, while disclaiming beneficial ownership beyond its pecuniary interest.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider AWM Investment Company, Inc.

Role 10% Owner

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 820,000 shares (Indirect, by Limited Partnership)

Footnotes (1)

1. F1. AWM Investment Company, Inc., a Delaware Corporation (AWM), is the investment adviser to Special Situations Private Equity Fund, L.P. (SSPE). As the investment adviser to the Funds, AWM holds sole voting and investment power over 820,000 shares of Common Stock of the Issuer (the Shares) held by SSPE. David M. Greenhouse (Greenhouse) and Adam C. Stettner (Stettner) are the controlling principals of AWM. The reporting person disclaims beneficial ownership of the Shares, except to the extent of its pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Key Figures

Indirect common shares held: 820,000 shares

1 metrics

Indirect common shares held 820,000 shares Common Stock held by Special Situations Private Equity Fund, L.P.

Key Terms

investment adviser, beneficial ownership, pecuniary interest

3 terms

investment adviser financial

"AWM Investment Company, Inc., a Delaware Corporation (AWM), is the investment adviser to Special Situations Private Equity Fund, L.P."

An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

beneficial ownership financial

"The reporting person disclaims beneficial ownership of the Shares, except to the extent of its pecuniary interest therein."

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.

pecuniary interest financial

"The reporting person disclaims beneficial ownership of the Shares, except to the extent of its pecuniary interest therein."

FAQ

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

What does AWM Investment Company report in its SUNE Form 3 filing?

AWM reports indirect holdings of 820,000 SUNation Energy (SUNE) common shares. The position is held through Special Situations Private Equity Fund, L.P., with AWM exercising sole voting and investment power as investment adviser while filing this initial ownership report.

How are AWM’s SUNation Energy (SUNE) shares held according to the Form 3?

The 820,000 SUNation Energy shares are held by Special Situations Private Equity Fund, L.P. AWM Investment Company, Inc. serves as the investment adviser to this fund and has sole voting and investment power over the shares reported in the filing.

Does AWM claim full beneficial ownership of its SUNE stake?

AWM explicitly disclaims beneficial ownership of the SUNation Energy shares, except to the extent of its pecuniary interest. The filing states this disclaimer so the report is not deemed an admission of beneficial ownership for Section 16 or other purposes.

How many SUNation Energy (SUNE) shares are reported in this Form 3?

The Form 3 reports 820,000 shares of SUNation Energy common stock. These shares are indirectly owned through Special Situations Private Equity Fund, L.P., with AWM Investment Company, Inc. acting as the investment adviser to the fund holding the position.

What role does AWM play regarding SUNation Energy (SUNE) shares?

AWM acts as investment adviser to Special Situations Private Equity Fund, L.P., which holds 820,000 SUNation Energy shares. As adviser, AWM has sole voting and investment power over these shares, while still disclaiming beneficial ownership beyond its economic interest.

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

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Accepted by SEC EDGAR 06/18/2026 - 04:14 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

AWM Investment Company, Inc.

(Last) (First) (Middle)

527 MADISON AVENUE

SUITE 2600

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
06/08/2026

3. Issuer Name and Ticker or Trading Symbol
SUNation Energy, Inc. [ SUNE ]

3a. Foreign Trading Symbol

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	820,000(1)	I(1)	by Limited Partnership(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. AWM Investment Company, Inc., a Delaware Corporation (AWM), is the investment adviser to Special Situations Private Equity Fund, L.P. (SSPE). As the investment adviser to the Funds, AWM holds sole voting and investment power over 820,000 shares of Common Stock of the Issuer (the Shares) held by SSPE. David M. Greenhouse (Greenhouse) and Adam C. Stettner (Stettner) are the controlling principals of AWM. The reporting person disclaims beneficial ownership of the Shares, except to the extent of its pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

	Adam Stettner	06/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)