Edward Harris Fenster - 11 Apr 2024 Form 4 Insider Report for Sunrun Inc. (RUN)

Role
Director
Signature
/s/ Jay Maloney, Attorney-in-Fact
Issuer symbol
RUN
Transactions as of
11 Apr 2024
Net transactions value
-$707,984
Form type
4
Filing time
15 Apr 2024, 19:07:45 UTC
Previous filing
08 Mar 2024
Next filing
03 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUN Common Stock Options Exercise $1,358,209 +230,988 +19% $5.88 1,434,237 11 Apr 2024 Direct F1
transaction RUN Common Stock Sale $2,036,790 -170,584 -12% $11.94 1,263,653 11 Apr 2024 Direct F1, F2, F3
transaction RUN Common Stock Sale $29,403 -2,336 -0.18% $12.59 1,261,317 11 Apr 2024 Direct F1, F2, 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 -230,988 -100% $0.000000* 0 11 Apr 2024 Common Stock 230,988 $5.88 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, 2023.
F2 Shares sold only to cover exercise price and tax obligation upon the exercise of a stock option.
F3 Price represents the weighted average sale price of the shares sold. The sale price ranged from $11.555 to $12.55 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 Price represents the weighted average sale price of the shares sold. The sale price ranged from $12.56 to $12.63 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 31,319 restricted stock units, which are subject to forfeiture until they vest.
F6 The shares subject to the option are fully vested and exercisable. The option has a 10-year exercise period with an expiration date of April 11, 2024.