Sunrun Inc. — Director's Dealing 2020

Dec 22, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sunrun Inc. (RUN)
CIK: 0001469367
Period of Report: 2020-12-18

Reporting Person: Bywater David (Director, CEO of Vivint Solar, Inc.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-18	Common Stock	M	41522	$5.73	Acquired	347241	Direct
2020-12-18	Common Stock	M	183696	$7.59	Acquired	530937	Direct
2020-12-18	Common Stock	M	38110	$14.10	Acquired	569047	Direct
2020-12-18	Common Stock	S	136175	$62.873	Disposed	432872	Direct
2020-12-18	Common Stock	S	43053	$63.9435	Disposed	389819	Direct
2020-12-18	Common Stock	S	84100	$64.9733	Disposed	305719	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-18	Stock Option (right to buy)	$5.73	M	41522	Disposed	2028-03-15	Common Stock (41522.0)	Direct
2020-12-18	Stock Option (right to buy)	$7.59	M	183696	Disposed	2029-01-17	Common Stock (183696.0)	Direct
2020-12-18	Stock Option (right to buy)	$14.1	M	38110	Disposed	2029-12-12	Common Stock (38110.0)	Direct

Footnotes

F1: The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan.

F2: Price represents the weighted average sale price of the shares sold. The sale price ranged from $62.50 to $63.43 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: Price represents the weighted average sale price of the shares sold. The sale price ranged from $63.57 to $64.56 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 $64.58 to $65.29 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 includes 210,154 Restricted Stock Units, which are subject to forfeiture until they vest.

F6: 25% of the shares subject to the original option grant vested on the first quarterly vesting date that is on or after January 1, 2019, and on each of the next 12 quarterly vesting dates, 1/16 of the shares subject to the original option grant vest, subject to the Reporting Person's continued service to the Issuer through each such date.

F7: 25% of the shares subject to the original option grant vested on the first quarterly vesting date that is on or after January 1, 2020, and on each of the next 12 quarterly vesting dates, 1/16 of the shares subject to the original option grant vest, subject to the Reporting Person's continued service to Sunrun through each such date.

F8: 25% of the shares subject to the original option grant vest on the first quarterly vesting date that is on or after December 6, 2020, and on each of the next 12 quarterly vesting dates, 1/16 of the shares subject to the original option grant vest, subject to the Reporting Person's continued service to Sunrun through each such date.