Danny Abajian - Feb 28, 2025 Form 4 Insider Report for Sunrun Inc. (RUN)

Signature
/s/ Sundance Banks, Attorney-in-Fact
Stock symbol
RUN
Transactions as of
Feb 28, 2025
Transactions value $
-$27,288
Form type
4
Date filed
3/4/2025, 07:16 PM
Previous filing
Jan 7, 2025
Next filing
Mar 7, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUN Common Stock Award $0 +10.6K +4.18% $0.00 263K Feb 28, 2025 Direct F1
transaction RUN Common Stock Sale -$27.3K -4.29K -1.63% $6.36 258K Mar 3, 2025 Direct F2, F3
transaction RUN Common Stock Gift $0 -6.26K -2.42% $0.00 252K Mar 3, 2025 Direct F4
transaction RUN Common Stock Gift $0 +6.26K +4.18% $0.00 156K Mar 3, 2025 See Footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 10, 2022, the Reporting Person was granted performance-based restricted stock units ("PRSUs"). Each PRSU represents a contingent right to receive a share of the Issuer's Common Stock upon settlement. The PRSUs vest on the date that the Compensation Committee of the Issuer's Board of Directors certifies attainment, based on the Issuer's satisfaction of certain performance criteria. The performance criteria for the measurement period ending December 31, 2024 were met and certified on February 28, 2025, resulting in the issuance of 10,554 shares of the Issuer's Common Stock.
F2 Shares sold to cover tax obligation from settlement of vested restricted stock units.
F3 Price represents the weighted average sale price of the shares sold. The sale price ranged from $6.285 to $6.46 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F4 Shares held following the reported transactions include 248,184 restricted stock units, which are subject to forfeiture until they vest.
F5 Securities held of record by Abajian Family Trust, of which the Reporting Person is co-trustee.