Edward Harris Fenster - 28 Feb 2025 Form 4 Insider Report for Sunrun Inc. (RUN)

Role
Director
Signature
/s/ Sundance Banks, Attorney-in-Fact
Issuer symbol
RUN
Transactions as of
28 Feb 2025
Net transactions value
+$1,020,600
Form type
4
Filing time
03 Mar 2025, 21:16:18 UTC
Previous filing
11 Sep 2024
Next filing
13 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUN Common Stock Award $0 +5,405 +0.45% $0.000000 1,208,182 28 Feb 2025 Direct F1
transaction RUN Common Stock Purchase $1,020,600 +150,000 +12% $6.80 1,358,182 03 Mar 2025 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 4, 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, 2024 were met and certified on February 28, 2025, resulting in the issuance of 5,405 shares of the Issuer's Common Stock.
F2 Price represents the weighted average purchase price of the shares purchased. The purchase price ranged from $6.285 to $7.095 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 purchased at each separate price within the range set forth in this Form 4.
F3 Shares held following the reported transaction include 17,381 restricted stock units, which are subject to forfeiture until they vest.

Remarks:

The purchases reported herein are matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended ("Section 16(b)") with the Reporting Person's sales on September 11, 2024. The Reporting Person has disgorged $51,092.77 to the Issuer, which represents the aggregate short-swing profits that resulted from the transactions reported on this Form 4, as calculated pursuant to Section 16(b).