Mary Powell - 28 Feb 2023 Form 4 Insider Report for Sunrun Inc. (RUN)

Signature
/s/ Jay Maloney, Attorney-in-Fact
Issuer symbol
RUN
Transactions as of
28 Feb 2023
Net transactions value
-$33,217
Form type
4
Filing time
02 Mar 2023, 20:43:17 UTC
Previous filing
02 Dec 2022
Next filing
08 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUN Common Stock Sale $33,217 -1,400 -0.74% $23.73 187,894 28 Feb 2023 Direct F1, F2
transaction RUN Common Stock Award $0 +48,039 +26% $0.000000 235,933 01 Mar 2023 Direct F3, F4
* 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 $23.705 to $23.785 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 On May 6, 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 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 and 48,039 PRSUs were certified as attained on March 1, 2023. 50% of the PRSUs shall vest and become shares of the Issuer's Common Stock on March 6, 2023 and the remaining 50% of the PRSUs shall vest and become shares of the Issuer's Common Stock on March 6, 2024, subject to the Reporting Person's continued service through each vesting date.
F4 Shares held following the reported transactions include 188,694 restricted stock units, which are subject to forfeiture until they vest.