OREM, Utah — October 10, 2025 — Leads & Copy — SunPower (Complete Solaria, Inc.; herein “SunPower,” the “Company,” or Nasdaq: “SPWR”), a solar technology, services, and installation company, announced on October 8, 2025, inducement grants to three key employees of Sunder Energy as a material inducement to employment with SunPower following its acquisition of Sunder Energy.
The inducement grants consist of time-based restricted stock units (“RSUs”) for a total of 2.7 million shares of SunPower common stock. Twenty percent of the RSUs vest one year after grant. The remainder vests in equal monthly installments thereafter until the fifth anniversary of the grant date, with such vesting subject to the RSU recipient’s continuous service through each vesting date. The RSUs are also subject to accelerated vesting if the RSU recipient’s employment is terminated by the Company without cause.
The board of directors of the Company approved these inducement grants. They were granted outside of the Company’s 2023 Equity Incentive Plan as a material inducement to entering into employment with SunPower in accordance with Nasdaq Listing Rule 5635(c)(4).
SunPower (Nasdaq: SPWR) is a leading residential solar services provider in North America. The Company’s digital platform and installation services support energy needs for customers wishing to make the transition to a more energy-efficient lifestyle.
Company Contacts:
Jeanne Nguyen
CFO
jeanne.nguyen@sunpower.com
(801) 477-5847
Sioban Hickie
VP Investor Relations
IR@sunpower.com
Source: SunPower
