SUNation Energy (SUNE) CFO swaps debt for 123,254 common shares

Filing Impact

(High)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

Brennan James Robert reported open-market purchase transactions in this Form 4 filing.

SUNation Energy, Inc. Chief Financial Officer Brennan James Robert acquired 123,254 shares of Common Stock on April 14, 2026 by exchanging debt for equity under a debt conversion agreement at $1.77 per share. Following this transaction, he beneficially owned 123,269 shares directly, reflecting prior reverse stock splits.

Insider Trade Summary

Net Buyer: 123,254 shares ($218,160)

Net Buy 1 txn

Insider Brennan James Robert

Role Chief Financial Officer

Bought 123,254 shs ($218K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	123,254	$1.77	$218K

Holdings After Transaction: Common Stock — 123,269 shares (Direct, null)

Footnotes (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 123,254 shares of Common Stock pursuant to a debt conversion agreement.

Key Figures

Shares acquired: 123,254 shares Implied conversion price: $1.77/share Post-transaction holdings: 123,269 shares +3 more

6 metrics

Shares acquired 123,254 shares Common Stock acquired via debt conversion on April 14, 2026

Implied conversion price $1.77/share Price per share for 123,254 Common Stock in debt exchange

Post-transaction holdings 123,269 shares Total Common Stock beneficially owned directly after transaction

Reverse split ratio 1-for-200 Reverse stock split effected on April 9, 2025

Reverse split ratio 1-for-50 Reverse stock split effected on October 17, 2024

Reverse split ratio 1-for-15 Reverse stock split effected on June 12, 2024

Key Terms

reverse stock split, debt conversion agreement, beneficially owned

3 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 123,254 shares of Common Stock pursuant to a debt conversion agreement"

beneficially owned financial

"The number of shares beneficially owned reflects adjustments"

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.

Form 4 Insider Transactions: What Each Field Means →

05/01/2026 - 01:02 PM

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^*

Brennan James Robert

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/14/2026		P		123,254⁽²⁾	A	$1.77	123,269⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 123,254 shares of Common Stock pursuant to a debt conversion agreement.

	/s/ James R. Brennan	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did SUNation Energy (SUNE) report for its CFO?

SUNation Energy reported that CFO Brennan James Robert acquired 123,254 Common Stock shares on April 14, 2026. He obtained these shares by exchanging debt for equity under a debt conversion agreement, rather than through a cash open-market purchase.

At what effective price did the SUNation (SUNE) CFO receive the new shares?

The new shares for SUNation’s CFO were recorded at $1.77 per share. This price reflects the conversion terms used when he exchanged debt for 123,254 Common Stock shares under the debt conversion agreement.

How many SUNation (SUNE) shares does the CFO hold after this transaction?

After the transaction, SUNation’s CFO beneficially owned 123,269 Common Stock shares directly. This total includes the 123,254 shares received through the debt conversion and reflects adjustments for multiple prior reverse stock splits.

Was the SUNation (SUNE) CFO transaction a market purchase or a debt conversion?

The CFO’s transaction was a debt conversion, not a traditional market purchase. He exchanged existing debt for 123,254 shares of Common Stock pursuant to a debt conversion agreement, as disclosed in the filing footnotes.

How have reverse stock splits affected the SUNation (SUNE) CFO’s reported holdings?

The CFO’s beneficially owned shares reflect three reverse stock splits: 1-for-200 on April 9, 2025, 1-for-50 on October 17, 2024, and 1-for-15 on June 12, 2024. These corporate actions adjusted the share counts shown.