SUNation Energy (SUNE) CEO boosts stake with 554,712-share debt conversion

Rhea-AI Filing Summary

Maskin Scott reported open-market purchase transactions in this Form 4 filing.

SUNation Energy, Inc. Chief Executive Officer and 10% owner Scott Maskin acquired 554,712 shares of common stock on April 14, 2026. The filing reports a price of $1.77 per share, and a footnote explains the shares were received by exchanging debt for common stock under a debt conversion agreement.

Following this transaction, Maskin directly holds 554,736 shares of SUNation Energy common stock. Another footnote notes that his beneficial ownership reflects prior 1-for-200, 1-for-50, and 1-for-15 reverse stock splits that became effective in 2025 and 2024.

Insights

Equity capital structure analyst

CEO converts debt into equity, increasing direct share stake.

The filing shows Scott Maskin, SUNation Energy's CEO and a 10% owner, acquiring 554,712 common shares. Although coded as an open-market purchase, a footnote clarifies the shares came from a debt conversion agreement, indicating a non-cash exchange of debt for equity.

After this conversion, Maskin holds 554,736 shares directly, suggesting his equity stake is now materially larger than before. The transaction also implies some company debt has been removed or reclassified, though the filing excerpt does not quantify the underlying debt amount or its proportion of overall liabilities.

Insider Trade Summary

Net Buyer: 554,712 shares ($981,840)

Net Buy 1 txn

Insider Maskin Scott

Role Chief Executive Officer

Bought 554,712 shs ($982K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	554,712	$1.77	$982K

Holdings After Transaction: Common Stock — 554,736 shares (Direct, null)

Footnotes (1)

1. The number of shares beneficially owned reflects adjustments for the Company's 1-for-200 reverse stock split that was effected on April 9, 2025, 1-for-50 reverse stock split that was effected on October 17, 2024 and the 1-for-15 reverse stock split that was effected on June 12, 2024. Reporting Person exchanged debt for 554,712 shares of Common Stock pursuant to a debt conversion agreement.

Key Figures

Shares acquired: 554,712 shares Transaction price: $1.77 per share Shares owned after transaction: 554,736 shares +3 more

6 metrics

Shares acquired 554,712 shares Common stock received on April 14, 2026 via debt conversion

Transaction price $1.77 per share Reported price for 554,712 common shares

Shares owned after transaction 554,736 shares Total direct SUNation Energy common stock held by CEO after Form 4

Reverse split ratio 1-for-200 Reverse stock split effective April 9, 2025 affecting beneficial ownership

Reverse split ratio 1-for-50 Reverse stock split effective October 17, 2024 affecting beneficial ownership

Reverse split ratio 1-for-15 Reverse stock split effective June 12, 2024 affecting beneficial ownership

Key Terms

reverse stock split, debt conversion agreement, beneficially owned, open-market purchase

4 terms

reverse stock split financial

"reflects adjustments for the Company's 1-for-200 reverse stock split"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

debt conversion agreement financial

"exchanged debt for 554,712 shares of Common Stock pursuant to a debt conversion agreement"

beneficially owned financial

"The number of shares beneficially owned reflects adjustments for the Company's"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Form 4 Insider Transactions: What Each Field Means →

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^*

Maskin Scott

(Last) (First) (Middle)

171 REMINGTON BLVD

(Street)

RONKONKOMA NEW YORK 11779

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

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	04/14/2026		P		554,712(2)	A	$1.77	554,736(1)	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. The number of shares beneficially owned reflects adjustments for the Company's 1-for-200 reverse stock split that was effected on April 9, 2025, 1-for-50 reverse stock split that was effected on October 17, 2024 and the 1-for-15 reverse stock split that was effected on June 12, 2024.

2. Reporting Person exchanged debt for 554,712 shares of Common Stock pursuant to a debt conversion agreement.

	/s/ Scott Maskin	05/01/2026
	** 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)

FAQ

What did SUNation Energy (SUNE) CEO Scott Maskin do in this Form 4 filing?

SUNation Energy CEO Scott Maskin acquired 554,712 shares of common stock on April 14, 2026. The shares were issued through a debt conversion agreement, increasing his direct holdings to 554,736 shares and converting a portion of company debt into equity.

Was the SUNation Energy (SUNE) CEO’s Form 4 transaction an open-market purchase?

Although coded as a purchase with a reported price of $1.77 per share, a footnote states Maskin received 554,712 shares by exchanging debt for common stock. This indicates a debt conversion rather than a traditional open-market cash purchase of shares.

How many SUNation Energy (SUNE) shares does CEO Scott Maskin own after the transaction?

After the reported transaction, Scott Maskin directly owns 554,736 shares of SUNation Energy common stock. This total reflects the newly issued 554,712 shares from the debt conversion plus his prior small holding, adjusted for multiple historical reverse stock splits.

What price per share is shown for the SUNation Energy (SUNE) CEO’s Form 4 transaction?

The Form 4 lists a transaction price of $1.77 per share for the 554,712 SUNation Energy shares. While the code suggests a purchase, a footnote clarifies the shares were issued via a debt conversion agreement, so this price reflects the agreed conversion terms.

How do past reverse stock splits affect Scott Maskin’s SUNation Energy (SUNE) holdings?

A footnote explains Maskin’s beneficial ownership reflects three reverse stock splits: 1-for-15, 1-for-50, and 1-for-200 completed in 2024 and 2025. These corporate actions reduced share counts while proportionally increasing share price, reshaping his reported ownership baseline.

Does the SUNation Energy (SUNE) Form 4 indicate any remaining derivative positions for the CEO?

The derivative section of the Form 4 is empty in the provided data, indicating no derivative securities such as options or warrants are reported for Maskin in this filing. The transaction relates only to common stock acquired through the debt conversion agreement.