SEC Form 3 · accession 0001193125-26-390949
SunPower Inc. · SPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
L John Doerr
10% Owner
Period of report
Sep 4, 2026
Accepted (ET)
Sep 14, 2026 · 7:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001838987
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 40,023,511 | I | By Foris Ventures, LLC | |
| Common StockF2 | holding | — | — | — | 1,528,421 | I | By The Vallejo Ventures Trust U/T/A 2/12/96 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10.00% Convertible Senior Secured Note due 2029F1,F3 | — | holding | — | — | — | — | — | Common Stock | 3,051,572 | — | I |
| Warrant (Right to Buy)F1 | $11.50 | holding | — | — | — | Jul 18, 2023 | Jul 18, 2028 | Common Stock | 121,176 | — | I |
Explanation of responses
- F1The Vallejo Ventures Trust U/T/A 2/12/96 ("VVT") is the member of Foris Ventures, LLC ("Foris"). L. John Doerr is a trustee of VVT. By virtue of these relationships, L. John Doerr may be deemed to have the power to vote and dispose of shares held by Foris. L. John Doerr disclaims beneficial ownership of the shares held by Foris except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that any Reporting Person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
- F2L. John Doerr is a trustee of VVT. By virtue of this relationship, L. John Doerr may be deemed to have the power to vote and dispose of shares held by VVT. L. John Doerr disclaims beneficial ownership of the shares held by VVT except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that any Reporting Person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
- F3The 10.00% Convertible Senior Secured Note due 2029 held by Foris (the "Convertible Note") is convertible into shares of the Company's Common Stock at a conversion rate of 610.3143 shares per $1,000 in principal (which conversion rate is subject to adjustment in certain circumstances), representing an effective conversion price of approximately $1.64 per share. The principal amount of the Convertible Note is $5,000,000. The Convertible Note matures on May 1, 2029, unless earlier converted or repurchased. The Reporting Person may convert all or any portion of the Convertible Note prior to the close of business on the business day immediately preceding the maturity date.