CEO Scott Maskin Increases Stake in SUNation Energy to 16.6% via Debt Conversion

On May 1, 2026, Scott Maskin, the Chief Executive Officer and Director of SUNation Energy, Inc. (SUNE), filed a Schedule 13D/A reporting a significant increase in his holdings. As of the event date on April 14, 2026, Maskin acquired 554,712 shares of Common Stock through a debt conversion agreement, where he exchanged outstanding debt for equity. This transaction, along with previously held shares and adjustments for multiple reverse stock splits (including a 1-for-200 split in 2025 and others in 2024), brings his total beneficial ownership to 554,736 shares. This represents approximately 16.6% of the company's outstanding Common Stock. Maskin originally became a major shareholder following the issuer's acquisition of SUNation Solar Systems, Inc. in 2022. The filing confirms Maskin has sole voting and dispositive power over these shares. The reporting person's increased stake underscores his continued leadership role and financial commitment to the company following the strategic debt restructuring.