Edward Harris Fenster - Jun 15, 2023 Form 4 Insider Report for Sunrun Inc. (RUN)

Role
Director
Signature
/s/ Jay Maloney, Attorney-in-Fact
Stock symbol
RUN
Transactions as of
Jun 15, 2023
Transactions value $
-$797,546
Form type
4
Date filed
6/20/2023, 08:58 PM
Previous filing
Jun 8, 2023
Next filing
Jul 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUN Common Stock Options Exercise $250K +50K +3.95% $5.00 1.32M Jun 15, 2023 Direct F1
transaction RUN Common Stock Sale -$996K -50K -3.8% $19.93 1.27M Jun 15, 2023 Direct F1, F2
transaction RUN Common Stock Sale -$51.2K -2.75K -0.22% $18.61 1.26M Jun 20, 2023 Direct F3, F4, F5

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 -50K -19.69% $0.00 204K Jun 15, 2023 Common Stock 50K $5.00 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted on September 15, 2022.
F2 Price represents the weighted average sale price of the shares sold. The sale price ranged from $19.92 to $20.015 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 Shares sold to cover tax obligation from settlement of vested restricted stock units.
F4 Price represents the weighted average sale price of the shares sold. The sale price ranged from $18.605 to $18.6701 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.
F5 Shares held following the reported transactions include 60,332 restricted stock units, which are subject to forfeiture until they vest.
F6 The shares subject to the option are fully vested and exercisable.