Company: SUNE
Filing Date: 2025-11-12
Form Type: PRE 14A
Source: 0001140361-25-041549
Chunk: 21

Company: SUNation Energy, Inc.
Filing Date: 2025-11-12
Form: PRE 14A
Chunk 21
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 Maskin   |      |     | 1(2)           |     |     |            526 |
| James Brennan  |      |     | 1(2)           |     |     |            526 |
| Kristin Hlavka |      |     | 1(3)           |     |     |            526 |
|                | 1(4) |     |                | 526 |     |                |

| (1) | Market value is calculated by multiplying the number of unvested units by $526.00, the closing price of our common stock on December 31, 2024, as adjusted for the April 2025 Reverse Stock Split. |

| (2) | RSUs vest in thirds on each of November 15, 2023, November 15, 2024 and November 15, 2025. |

| (3) | RSUs vested in full on March 20, 2025 |

| (4) | RSUs vest in thirds on each of May 15, 2024, May 15, 2025, and May 15, 2026 |

14

TABLE OF CONTENTS EMPLOYMENT, TERMINATION AND CHANGE IN CONTROL ARRANGEMENTS Employment Agreements On December 5, 2022, the Company entered into an Employment Agreement with each of Mr. Udseth and Mr. Ingvaldson. Mr. Udseth’s Employment Agreement provides for, among other things, an annual base salary of $300,000. Mr. Udseth’s Employment Agreement also provided for his participation in the Company’s employee bonus program with a potential bonus opportunity of up to 50% of his base salary, and Mr. Udseth’s participation in the Company’s employee benefit plans and programs. Mr. Ingvaldson’s Employment Agreement provided for, among other things, an annual base salary of $250,000, Mr. Ingvaldson’s participation in the Company’s employee bonus program with a potential bonus opportunity of up to 40% of his base salary, and Mr. Ingvaldson’s participation in the Company’s employee benefit plans and programs. Each of Mr. Udseth’s and Mr. Ingvaldson’s employment with the Company was on an at-will basis and continued until terminated by the Company, or resignation by the executive for any reason. Each of the Employment Agreements provided that upon termination of the executive’s employment, he