SUNation Energy, Inc. — Director's Dealing 2023

Nov 29, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Pineapple Energy Inc. (PEGY)
CIK: 0000022701
Period of Report: 2023-06-12

Reporting Person: NORTHERN PACIFIC GROWTH INVESTMENT ADVISORS, LLC (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-12	Common Stock	S	16867	$1.45	Disposed	1597571	Indirect
2023-06-13	Common Stock	S	11016	$1.46	Disposed	1586555	Indirect
2023-06-14	Common Stock	S	5306	$1.42	Disposed	1581249	Indirect
2023-06-15	Common Stock	S	5310	$1.40	Disposed	1575939	Indirect
2023-08-14	Common Stock	S	50000	$1.1189	Disposed	1525939	Indirect
2023-08-21	Common Stock	S	50000	$1.0548	Disposed	1475939	Indirect
2023-09-12	Common Stock	S	2900	$1.04	Disposed	1473039	Indirect
2023-09-13	Common Stock	S	22100	$1.01	Disposed	1450939	Indirect
2023-11-03	Common Stock	J	301587	—	Disposed	1149352	Indirect
2023-11-14	Common Stock	S	2600	$0.676	Disposed	1146752	Indirect
2023-11-15	Common Stock	S	9616	$0.6549	Disposed	1137136	Indirect
2023-11-16	Common Stock	S	4630	$0.6175	Disposed	1132506	Indirect
2023-11-17	Common Stock	S	4600	$0.6171	Disposed	1127906	Indirect
2023-11-20	Common Stock	S	2488	$0.61	Disposed	1125418	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12500	Direct

Footnotes

F1: Reflects the weighted average price of 16,867 shares of common stock of Pineapple Energy, Inc. sold by the reporting person in multiple transactions on June 12, 2023 with sale prices ranging from $1.43 to $1.455 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F2: Reflects the weighted average price of 11,016 shares of common stock of Pineapple Energy, Inc. sold by the reporting person in multiple transactions on June 13, 2023 with sale prices ranging from $1.42 to $1.53 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F3: Reflects the weighted average price of 5,306 shares of common stock of Pineapple Energy, Inc. sold by the reporting person in multiple transactions on June 14, 2023 with sale prices ranging from $1.39 to $1.44 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F4: Reflects the weighted average price of 5,310 shares of common stock of Pineapple Energy, Inc. sold by the reporting person in multiple transactions on June 15, 2023 with sale prices ranging from $1.38 to $1.43 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F5: Reflects the weighted average price of 50,000 shares of common stock of Pineapple Energy, Inc. sold by the reporting person in multiple transactions on August 14, 2023 with sale prices ranging from $1.06 to $1.22 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F6: Reflects the weighted average price of 50,000 shares of common stock of Pineapple Energy, Inc. sold by the reporting person in multiple transactions on August 21, 2023 with sale prices ranging from $1.03 to $1.10 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F7: Reflects the weighted average price of 2,900 shares of common stock of Pineapple Energy, Inc. sold by the reporting person in multiple transactions on September 12, 2023 with sale prices ranging from $1.03 to $1.05 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F8: Reflects the weighted average price of 22,100 shares of common stock of Pineapple Energy, Inc. sold by the reporting person in multiple transactions on September 13, 2023 with sale prices ranging from $0.92 to $1.05 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F9: As previously reported on the Form 4 filed by the reporting person on April 4, 2022, the reporting person had 301,587 shares of the issuer's common stock (the "Escrowed Shares") held in escrow by a third-party escrow agent in connection with a merger (the "Merger") between the issuer and Pineapple Energy, LLC that closed on March 28, 2022. This Form 4 is being filed to report that the Escrowed Shares were released and distributed according to the terms of an escrow agreement that was entered into on the closing date of the Merger by and among the issuer and certain Pineapple shareholders.

F10: Reflects the weighted average price of 2,600 shares of common stock of Pineapple Energy, Inc. sold by the reporting person in multiple transactions on November 14, 2023 with sale prices ranging from $0.67 to $0.68 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F11: Reflects the weighted average price of 9,616 shares of common stock of Pineapple Energy, Inc. sold by the reporting person in multiple transactions on November 15, 2023 with sale prices ranging from $0.64 to $0.6849 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F12: Reflects the weighted average price of 4,630 shares of common stock of Pineapple Energy, Inc. sold by the reporting person in multiple transactions on November 16, 2023 with sale prices ranging from $0.6111 to $0.6200 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F13: Reflects the weighted average price of 4,600 shares of common stock of Pineapple Energy, Inc. sold by the reporting person in multiple transactions on November 17, 2023 with sale prices ranging from $0.6000 to $0.6310 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F14: Reflects the weighted average price of 2,488 shares of common stock of Pineapple Energy, Inc. sold by the reporting person in multiple transactions on November 20, 2023 with sale prices ranging from $0.605 to $0.620 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.