Mary Powell - Feb 29, 2024 Form 4 Insider Report for Sunrun Inc. (RUN)

Signature
/s/ Jay Maloney, Attorney-in-Fact
Stock symbol
RUN
Transactions as of
Feb 29, 2024
Transactions value $
-$65,741
Form type
4
Date filed
3/1/2024, 08:03 PM
Previous filing
Dec 7, 2023
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUN Common Stock Award $0 +13.7K +3.38% $0.00 417K Feb 29, 2024 Direct F1
transaction RUN Common Stock Sale -$65.7K -5.42K -1.3% $12.12 412K Feb 29, 2024 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 31, 2021, 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 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 for the measurement period ending December 31, 2023 were met and certified on February 29, 2024, resulting in the issuance of 13,650 shares of the Issuer's Common Stock.
F2 Shares sold to cover tax obligation from settlement of vested restricted stock units.
F3 Price represents the weighted average sale price of the shares sold. The sale price ranged from $12.00 to $12.295 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 transaction include 304,932 restricted stock units, which are subject to forfeiture until they vest.