Michelle Philpot - 20 Jul 2021 Form 4 Insider Report for Sunrun Inc. (RUN)

Role: Chief Accounting Officer
Signature: /s/ Jay Maloney, Attorney-in-Fact
Issuer symbol: RUN
Transactions as of: 20 Jul 2021
Net transactions value: -$734,434
Form type: 4
Filing time: 22 Jul 2021, 20:37:32 UTC
Previous filing: 17 Jun 2021
Next filing: 17 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RUN	Common Stock	Options Exercise	$66,815	+8,300	+23%	$8.05	44,172	20 Jul 2021	Direct	F1
transaction	RUN	Common Stock	Options Exercise	$80,638	+8,220	+19%	$9.81	52,392	20 Jul 2021	Direct	F1
transaction	RUN	Common Stock	Sale	$667,580	-14,153	-27%	$47.17	38,239	20 Jul 2021	Direct	F1, F2
transaction	RUN	Common Stock	Sale	$214,307	-4,479	-12%	$47.85	33,760	20 Jul 2021	Direct	F1, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RUN	Employee Stock Option (right to buy)	Options Exercise	$0	-8,300	-44%	$0.000000	10,607	20 Jul 2021	Common Stock	8,300	$8.05	Direct	F1, F5
transaction	RUN	Employee Stock Option (right to buy)	Options Exercise	$0	-8,220	-33%	$0.000000	16,441	20 Jul 2021	Common Stock	8,220	$9.81	Direct	F1, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transactions reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan.
F2	Price represents the weighted average sale price of the shares sold. The sale price ranged from $46.57 to $47.55 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.
F3	Price represents the weighted average sale price of the shares sold. The sale price ranged from $47.59 to $47.96 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 23,689 Restricted Stock Units, which are subject to forfeiture until they vest.
F5	25% of the shares subject to the option vested on March 15, 2019, and 1/48 of the shares vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.
F6	25% of the shares subject to the option vested on March 17, 2021, and 1/48 of the shares vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.