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SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Form 3 Holdings Reported.
X
Form 4 Transactions Reported.
  
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*
Thiam Tidjane

(Last) (First) (Middle)
C/O SUNPOWER INC.
45600 NORTHPORT LOOP EAST

(Street)
FREMONT CA 94538

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SunPower Inc. [ SPWR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/28/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
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 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 at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock 12/17/2024 S4 28,571 D $1.56 961,177 D
Common Stock 01/10/2025 S4 28,089 D $1.71 933,088 D
Common Stock 01/13/2025 S4 29,069 D $1.65 904,019 D
Common Stock 01/21/2025 S4 43,478 D $1.54 860,541 D
Common Stock 02/05/2025 S4 27,778 D $1.77 832,763 D
Common Stock 02/18/2025 S4 17,964 D $1.67 814,799 D
Common Stock 02/21/2025 S4 30,674 D $1.58 784,125 D
Common Stock 02/25/2025 S4 12,121 D $1.57 772,004 D
Common Stock 02/28/2025 S4 31,645 D $1.48 740,359 D
Common Stock 03/17/2025 S4 32,050 D $1.51 708,309 D
Common Stock 03/18/2025 S4 61,144 D $1.46 641,195 D
Common Stock 03/19/2025 S4 68,965 D $1.43 572,230 D
Common Stock 03/24/2025 S4 51,613 D $1.54 520,617 D
Common Stock 04/08/2025 S4 68,965 D $1.27 451,652 D
Common Stock 04/16/2025 S4 25,087 D $1.69 425,845 D
Common Stock 05/05/2025 S4 15,800 D $1.9 410,045 D
Common Stock 05/13/2025 S4 45,000 D $1.86 365,045 D
Common Stock 05/14/2025 S4 20,000 D $1.97 345,045 D
Common Stock 05/20/2025 S4 30,000 D $1.75 315,045 D
Common Stock 05/27/2025 S4 32,000 D $1.38 283,045 D
Common Stock 06/05/2025 S4 17,000 D $1.83 266,045 D
Common Stock 06/10/2025 S4 17,000 D $1.94 249,045 D
Common Stock 06/12/2025 S4 20,000 D $1.8 229,045 D
Common Stock 06/13/2025 S4 20,000 D $1.86 209,045 D
Common Stock 06/18/2025 S4 80,000 D $1.52 129,045 D
Common Stock 07/10/2025 S4 13,300 D $1.78 115,745 D
Common Stock 07/15/2025 S4 35,500 D $1.66 80,245 D
Common Stock 10/24/2025 P4 86,956 A $2.01 167,201 D
Common Stock 12/16/2025 S4 86,956 D $1.6 80,245 D
Common Stock 05/23/2025 A4 103,825 A $0(1) 271,026 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)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On May 23, 2025, the Company granted the Reporting Person 103,825 restricted stock units pursuant to the Company's 2023 Equity Incentive Plan, as amended (the "Plan"), each of which fully vested into one share of common stock on the grant date, subject to the terms and conditions of the Plan.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Tidjane Thiam 02/18/2026
** 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 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.
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