CEO's Trust Acquires 7.87M Shares in Private Placement, Stake Rises to 19.5%
SPWR sits 56% above its 52-week low of $0.203.
Summary
SunPower CEO Thurman J. Rodgers' Living Trust acquired 7.87 million shares in a private placement, increasing his beneficial ownership to 19.5% of the company.
Key Events · Ownership and Investor Activity · SPWR
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CEO's Trust Acquires 7.87M Shares
The Rodgers Massey Revocable Living Trust received 7,870,917 shares in a private placement that closed September 4, 2026, pursuant to a Securities Purchase Agreement dated September 2, 2026.
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Beneficial Ownership Rises to 19.5%
Thurman J. Rodgers and his affiliates now beneficially own 66,307,206 shares, representing 19.5% of 315,199,964 shares outstanding as of September 8, 2026.
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Living Trust Stake Reaches 17.2%
The Living Trust alone holds 57,939,477 shares (17.2%), including 36.7M common shares, 15.3M shares issuable upon conversion of 12% Notes, and 569,768 warrants.
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Follows $4.8M Insider Buying Streak
This placement extends a 90-day accumulation pattern in which insiders purchased $4,842,605 of stock with no open-market sales, including the CEO's July 6 conversion of $4.8M in debt interest.
Analysis · SPWR · Real Estate & Construction
A private placement that closed September 4, 2026 delivered 7,870,917 shares to Thurman J. Rodgers' Living Trust, lifting the CEO's aggregate beneficial ownership to 66.3 million shares, or 19.5% of the company. The transaction extends a series of debt-for-equity conversions and insider purchases that have made Rodgers the dominant shareholder. Even as SunPower trades near $0.32 and faces a Nasdaq delisting notice, the CEO's continued capital commitment — now totaling over $4.8 million in open-market buys and multiple note conversions in the past 90 days — underscores his alignment with the company's survival strategy.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 32.7% of the 1910 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SPWR was trading at $0.32 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $66.8M. The 52-week trading range was $0.20 to $2.27. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.