Jeanna Steele - 02 Mar 2022 Form 4 Insider Report for Sunrun Inc. (RUN)

Signature
/s/ Jay Maloney, Attorney-in-Fact
Issuer symbol
RUN
Transactions as of
02 Mar 2022
Net transactions value
-$122,187
Form type
4
Filing time
04 Mar 2022, 19:26:38 UTC
Previous filing
17 Dec 2021
Next filing
09 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUN Common Stock Gift $0 -786 -0.65% $0.000000 120,431 19 Jan 2022 Direct
transaction RUN Common Stock Award $0 +8,424 +7% $0.000000 128,855 02 Mar 2022 Direct F1
transaction RUN Common Stock Sale $122,187 -4,655 -3.6% $26.25 124,200 03 Mar 2022 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was previously granted performance-based restricted stock units ("PRSUs"). Each PRSU represents a contingent right to receive shares 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 were met on March 2, 2022, resulting in the issuance of 8,424 shares of the Issuer's Common Stock.
F2 Shares sold to cover tax obligation from settlement of vested PRSUs.
F3 Price represents the weighted average sale price of the shares sold. The sale price ranged from $25.76 to $26.64 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 56,269 Restricted Stock Units, which are subject to forfeiture until they vest.