SunPower Inc. (SPWR) Form SCHEDULE 13D/A — Sep 9, 2026
Thurman J. Rodgers, SunPower's CEO, Executive Chairman and board member, together with five affiliated entities, filed Amendment No. 2 to their Schedule 13D reporting beneficial ownership of 66,307,206 shares, or 19.5% of SunPower common stock, as of September 8, 2026. The stake rose by more than 1% because the company issued 7,870,917 shares to the Rodgers Massey Revocable Living Trust in a private placement that closed September 4, 2026, converting a $2.0 million SAFE — an implied price of roughly $0.25 per share against 315,199,964 shares now outstanding.
Key figures
- Shares Outstanding
- 315199964
- Living Trust Shares
- 57,939,477 (17.2%)
- Charitable Trust Shares
- 6,674,898 (2.1%)
- Related Party Note History
- 12% Notes: $18.0M (Jul 2024), $5.0M (Jul 2025), $2.0M (Nov 2025), $3.3M (Jan 2026); 7% Notes: $4.0M each to Charitable Trust and Living Trust (Sep 2024); 10% Notes: $5.0M and $1.0M (Apr 2026, issued in exchange for SAFEs)
- Related Party Safe History
- SAFEs of $1.0M (Jan 2024), $3.5M (Feb 2024), $1.0M (May 2024), $5.0M (Apr 2026)
- Rodgers Capital LLCShares
- 637,443 (0.2%)
- Aggregate Ownership Percent
- 19.5%
- Aggregate Shares Beneficially Owned
- 66307206
- Safe Converted Into Private Placement
- $2,000,000
- Implied Private Placement Price Per Share
- $0.254 (derived: $2,000,000 / 7,870,917 shares)
- Private Placement Shares Issued To Living Trust
- 7870917
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