Edward Harris Fenster - Dec 18, 2023 Form 4 Insider Report for Sunrun Inc. (RUN)

Role
Director
Signature
/s/ Jay Maloney, Attorney-in-Fact
Stock symbol
RUN
Transactions as of
Dec 18, 2023
Transactions value $
-$1,168,295
Form type
4
Date filed
12/20/2023, 07:44 PM
Previous filing
Dec 7, 2023
Next filing
Dec 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUN Common Stock Sale -$49.3K -2.7K -0.22% $18.24 1.25M Dec 18, 2023 Direct F1, F2
transaction RUN Common Stock Options Exercise $375K +75K +6.01% $5.00 1.32M Dec 19, 2023 Direct F3
transaction RUN Common Stock Sale -$1.49M -75K -5.67% $19.92 1.25M Dec 19, 2023 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 Stock Option (right to buy) Options Exercise $0 -75K -41.9% $0.00 104K Dec 19, 2023 Common Stock 75K $5.00 Direct F3, F5
* 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 Shares sold to cover tax obligation from settlement of vested restricted stock units.
F2 Price represents the weighted average sale price of the shares sold. The sale price ranged from $18.165 to $18.3501 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 The transactions reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted on September 15, 2022.
F4 Shares held following the reported transactions include 40,991 restricted stock units, which are subject to forfeiture until they vest.
F5 The shares subject to the option are fully vested and exercisable.