TotalEnergies SE sold SPWR

June 3, 2024 · Form 4 insider transaction

TotalEnergies SE sold 110,357 shares of SunPower Inc. at $3.03 per share, a transaction worth $334.4K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.

Direction
Disposed (sell-side)
Shares
110,357
Price
$3.03
Total value
$334.4K
Role
SecurityCommon Stock
Transaction codeF: Shares withheld for taxes
Transaction dateJune 3, 2024
Filing dateJune 5, 2024
Shares owned after162,860,155
OwnershipIndirect
10b5-1 planNo
AmendedNo

Footnotes

HoldCo paid the exercise price on a cashless basis pursuant to the terms of the warrant, resulting in the Issuer withholding 110,357 shares of Common Stock to pay the exercise price and issuing to HoldCo an aggregate of 33,291,755 shares of Common Stock.; The securities reported herein are held directly by Sol Holding, LLC ("HoldCo"). TotalEnergies Renewables USA, LLC owns a number of units of HoldCo equal to 50% of the outstanding units plus one unit, and GIP III Sol Acquisition, LLC, owns a number of units of HoldCo equal to 50% of the outstanding units minus one unit.; TotalEnergies Holdings USA, Inc. is the sole shareholder of TotalEnergies Delaware, Inc., which is the sole member of TotalEnergies Renewables USA, LLC, which is one of two members of HoldCo, a limited liability company managed by a board of managers. TotalEnergies Gestion USA SARL, which is a direct wholly-owned subsidiary of TotalEnergies SE, is the sole shareholder of TotalEnergies Holdings USA, Inc. Each of the foregoing entities is a Reporting Person and may be deemed to beneficially own the securities reported herein; however, each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. Solely for purposes of Section 16 of the Exchange Act, each Reporting Person may be deemed a "director by deputization".

View the original Form 4 on SEC EDGAR
TotalEnergies SE sold SPWR: June 3, 2024 | Insider Trading Screener