SunPower Reports Inducement Grants in Connection with Sunder Acquisition

OREM, Utah, Oct. 10, 2025 (GLOBE NEWSWIRE) -- SunPower (Complete Solaria, Inc.; herein “SunPower,” the “Company,” or Nasdaq: “SPWR”) a solar technology, services, and installation company, today announced that on October 8, 2025 it made 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, with 20% of the RSUs vesting one year after grant and the remainder vesting 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 in the event the RSU recipient’s employment is terminated by the Company without cause.

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