Form SCHEDULE 13D/A SunPower Inc. Filed by: Rodgers Thurman J

July 6, 2026 7:15 PM EDT





If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 7 and 9: Consists of: (a) 8,842 shares of Common Stock, $0.0001 par value per share, of the Issuer (the "Common Stock"), (b) 2,767 shares of Common Stock issuable pursuant to Warrants exercisable within 60 days of April 30, 2026, and (c) 116,601 options to purchase Common Stock of the Issuer (the "Stock Options") that are exercisable within 60 days of July 1, 2026. Rows 8 and 10: Consists of: (a) 32,700,901 shares of Common Stock consisting of (1) 485,562 shares of Common Stock held by Rodgers Capital LLC, of which the Reporting Person is a manager, (2) 2,471,485 shares of Common Stock held by the Rodgers Family Freedom and Free Markets Charitable Trust (the "Charitable Trust"), of which the Reporting Person is a trustee, (3) 28,816,676 shares of Common Stock held by the Rodgers Massey Revocable Living Trust (the "Living Trust"), of which the Reporting Person is a trustee, (4) 463,589 shares of Common Stock held by the TJ Rodgers 2012 Irrevocable Trust dtd 12/26/12 (the "Rodgers Trust"), for which the Reporting Person serves as trustee, and (5) 463,589 shares of Common Stock held by the Valeta Massey 2012 Irrevocable Trust dtd 12/26/12 (the "Massey Trust"), for which the Reporting Person's spouse serves as trustee; (b) 3,051,571 shares of Common Stock issuable upon conversion of the Issuer's 10% convertible senior secured notes due 2029 (the "10% Notes") held by the Living Trust, of which the Reporting Person is a trustee; (c) 610,314 shares of Common Stock issuable upon conversion of the 10% Notes held by the Charitable Trust, of which the Reporting Person is a trustee; (d) 2,339,181 shares of Common Stock issuable upon conversion of the Issuers 7% convertible senior notes due 2029 (the "7% Notes") held by the Living Trust, of which the Reporting Person is a trustee; (e) 2,339,181 shares of Common Stock issuable upon conversion of the Issuers 7% Notes held by the Charitable Trust, of which the Reporting Person is a trustee; (f) 15,291,364 shares of Common Stock issuable upon conversion of the Issuer's 12% convertible senior notes due 2029 (the "12% Notes") held by the Living Trust, of which the Reporting Person is a trustee; (g) 1,253,918 shares of Common Stock issuable upon conversion of the Issuer's 12% Notes held by the Charitable Trust, of which the Reporting Person is a trustee; and (h) 724,416 shares issuable pursuant to Warrants exercisable within 60 days of July 1, 2026, consisting of (1) 151,881 Warrants held by Rodgers Capital LLC, of which the Reporting Person is a manager and (2) 569,768 Warrants held by the Living Trust, of which the Reporting Person is a trustee. Row 13: This percentage is calculated based on 150,283,214 shares of Common Stock issued and outstanding as of June 22, 2026, as disclosed by the Issuer.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8 and 10: Consists of: (a) 485,562 shares of Common Stock and (b) 151,881 Warrants exercisable within July 1, 2026. Row 13: This percentage is calculated based on 150,283,214 shares of Common Stock issued and outstanding as of June 22, 2026, as disclosed by the Issuer.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8 and 10: Consists of 463,589 shares of Common Stock held by the Rodgers Trust, for which the Reporting Person's spouse serves as trustee. Row 13: This percentage is calculated based on 150,283,214 shares of Common Stock issued and outstanding as of June 22, 2026, as disclosed by the Issuer.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8 and 10: Consists of 463,589 shares of Common Stock held by the Massey Trust, for which the Reporting Person's spouse serves as trustee. Row 13: This percentage is calculated based on 150,283,214 shares of Common Stock issued and outstanding as of June 22, 2026, as disclosed by the Issuer.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8 and 10: Consists of: (a) 2,471,485 shares of Common Stock; (b) 610,314 shares of Common Stock issuable upon conversion of the 10% Notes, which are convertible within 60 days of July 1, 2026; (c) 1,253,918 shares of Common Stock issuable upon conversion of the 12% Notes, which are convertible within 60 days of July 1, 2026; and (d) 2,339,181 shares of Common Stock issuable upon conversion of the 7% Notes, which are convertible within 60 days of July 1, 2026. Row 13: This percentage is calculated based on 150,283,214 shares of Common Stock issued and outstanding as of June 22, 2026, as disclosed by the Issuer.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8 and 10: Consists of: (a) 28,816,676 shares of Common Stock; (b) 569,768 Warrants exercisable within 60 days of July 1, 2026; (c) 3,051,571 shares of Common Stock issuable upon conversion of the 10% Notes, which are convertible within 60 days of July 1, 2026; (d) 15,291,364 shares of Common Stock issuable upon conversion of the 12% Notes, which are convertible within 60 days of July 1, 2026; and (e) 2,339,181 shares of Common Stock issuable upon conversion of the 7% Notes, which are convertible within 60 days of July 1, 2026. Row 13: This percentage is calculated based on 150,283,214 shares of Common Stock issued and outstanding as of June 22, 2026, as disclosed by the Issuer.


SCHEDULE 13D


 
Thurman J. Rodgers
 
Signature:/s/ Thurman J. Rodgers
Name/Title:Thurman J. Rodgers
Date:07/06/2026
 
Rodgers Capital LLC
 
Signature:/s/ Thurman J. Rodgers
Name/Title:Thurman J. Rodgers, Manager
Date:07/06/2026
 
TJ Rodgers 2012 Irrevocable Trust dtd 12/26/12
 
Signature:/s/ Thurman J. Rodgers
Name/Title:Thurman J. Rodgers, Trustee
Date:07/06/2026
 
Valeta Massey 2012 Irrevocable Trust dtd 12/26/12
 
Signature:/s/ Valeta Massey
Name/Title:Valeta Massey Trustee
Date:07/06/2026
 
Rodgers Family Freedom and Free Markets Charitable Trust
 
Signature:/s/ Thurman J. Rodgers
Name/Title:Thurman J. Rodgers, Trustee
Date:07/06/2026
 
Rodgers Massey Revocable Living Trust dtd 4/4/11
 
Signature:/s/ Thurman J. Rodgers
Name/Title:Thurman J. Rodgers, Trustee
Date:07/06/2026


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