Jeanna Steele - 07 Mar 2022 Form 4 Insider Report for Sunrun Inc. (RUN)

Role
Chief Legal and People Officer
Signature
/s/ Jay Maloney, Attorney-in-Fact
Issuer symbol
RUN
Transactions as of
07 Mar 2022
Net transactions value
-$34,190
Form type
4
Filing time
09 Mar 2022, 20:24:30 UTC
Previous filing
04 Mar 2022
Next filing
17 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUN Common Stock Sale $34,190 -1,193 -0.96% $28.66 123,007 07 Mar 2022 Direct F1, F2
transaction RUN Common Stock Award $0 +40,749 +33% $0.000000 163,756 07 Mar 2022 Direct 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) Award $0 +59,031 $0.000000 59,031 07 Mar 2022 Common Stock 59,031 $27.92 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold to cover tax obligation from settlement of vested Restricted Stock Units ("RSUs").
F2 Price represents the weighted average sale price of the shares sold. The sale price ranged from $28.58 to $28.74 per share. Upon request by the Commission staff, the Issuer, or any 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 Each share is represented by an RSU. 25% of the RSUs will vest on March 6, 2023, and 1/12 of the remaining RSUs will vest quarterly thereafter, subject to the Reporting Person's continued service through each vesting date.
F4 Shares held following the reported transactions include 94,327 RSUs, which are subject to forfeiture until they vest.
F5 25% of the shares subject to the option will vest on March 6, 2023, and 1/36 of the remaining shares will vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.