Sunpower Inc.

09/14/2026 | Press release | Distributed by Public on 09/14/2026 17:12

Initial Statement of Beneficial Ownership (Form 3)

FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
DOERR L JOHN
2. Date of Event Requiring Statement (Month/Day/Year)
09/04/2026
3. Issuer Name and Ticker or Trading Symbol
SunPower Inc. [SPWR]
(Last) (First) (Middle)
1180 SAN CARLOS AVENUE, #717
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed (Month/Day/Year)
(Street)
SAN CARLOS, CA 94070
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 40,023,511 I By Foris Ventures, LLC(1)
Common Stock 1,528,421 I By The Vallejo Ventures Trust U/T/A 2/12/96(2)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
10.00% Convertible Senior Secured Note due 2029 (3) (3) Common Stock 3,051,572 (3) I By Foris Ventures, LLC(1)
Warrant (Right to Buy) 07/18/2023 07/18/2028 Common Stock 121,176 $11.5 I By Foris Ventures, LLC(1)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DOERR L JOHN
1180 SAN CARLOS AVENUE, #717
SAN CARLOS, CA 94070
X

Signatures

/s/ L. John Doerr 09/14/2026
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) The 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.
(2) L. 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.
(3) The 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.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
Sunpower Inc. published this content on September 14, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on September 14, 2026 at 23:12 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]