Sunrun Inc. — Director's Dealing 2020

Nov 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sunrun Inc. (RUN)
CIK: 0001469367
Period of Report: 2020-11-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-06	Common Stock	G	56000	—	Disposed	540773	Direct
2020-11-06	Common Stock	G	56000	—	Acquired	56000	Indirect
2020-11-09	Common Stock	M	176562	$5.19	Acquired	717335	Direct
2020-11-09	Common Stock	M	110854	$5.73	Acquired	828189	Direct
2020-11-09	Common Stock	S	158156	$57.8799	Disposed	670033	Direct
2020-11-09	Common Stock	S	59411	$58.738	Disposed	610622	Direct
2020-11-09	Common Stock	S	102486	$59.7563	Disposed	508136	Direct
2020-11-09	Common Stock	S	7679	$61.1924	Disposed	500457	Direct
2020-11-09	Common Stock	S	13307	$57.8811	Disposed	42693	Indirect
2020-11-09	Common Stock	S	4994	$58.7708	Disposed	37699	Indirect
2020-11-09	Common Stock	S	6400	$59.6059	Disposed	31299	Indirect
2020-11-09	Common Stock	S	487	$61.20	Disposed	30812	Indirect
2020-11-10	Common Stock	M	31376	$5.73	Acquired	531833	Direct
2020-11-10	Common Stock	S	64101	$54.1564	Disposed	467732	Direct
2020-11-10	Common Stock	S	700	$55.0336	Disposed	467032	Direct
2020-11-10	Common Stock	S	30012	$54.1828	Disposed	800	Indirect
2020-11-10	Common Stock	S	800	$55.0294	Disposed	0	Indirect
2020-11-12	Common Stock	S	27867	$57.0013	Disposed	439165	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-09	Stock Option (right to buy)	$5.19	M	176562	Disposed	2026-12-14	Common Stock (176562.0)	Direct
2020-11-09	Stock Option (right to buy)	$5.73	M	110854	Disposed	2028-03-15	Common Stock (110854.0)	Direct
2020-11-10	Stock Option (right to buy)	$5.73	M	31376	Disposed	2028-03-15	Common Stock (31376.0)	Direct

Footnotes

F1: Price represents the weighted average sale price of the shares sold. The sale price ranged from $57.28 to $58.27 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.

F2: Price represents the weighted average sale price of the shares sold. The sale price ranged from $58.28 to $59.27 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 $59.28 to $60.0353 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 $61.02 to $61.20 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: Price represents the weighted average sale price of the shares sold. The sale price ranged from $57.29 to $58.28 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.

F6: Price represents the weighted average sale price of the shares sold. The sale price ranged from $58.30 to $59.29 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.

F7: Price represents the weighted average sale price of the shares sold. The sale price ranged from $59.30 to $60.00 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.

F8: Price represents the weighted average sale price of the shares sold. The sale price ranged from $54.00 to $54.54 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.

F9: Price represents the weighted average sale price of the shares sold. The sale price ranged from $55.00 to $55.07 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.

F10: Price represents the weighted average sale price of the shares sold. The sale price ranged from $54.00 to $54.53 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.

F11: Price represents the weighted average sale price of the shares sold. The sale price ranged from $55.00 to $55.10 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.

F12: Price represents the weighted average sale price of the shares sold. The sale price ranged from $57.00 to $57.02 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.

F13: Shares held following the reported transactions include 210,154 Restricted Stock Units, which are subject to forfeiture until they vest.

F14: 25% of the shares subject to the original option grant vested on December 6, 2017, and an additional 6.25% of the original option grant vest at the end of each three month period thereafter until this option is fully vested, subject to the Reporting Person's continued service to the Issuer through each such date. Original option was for 281,875 shares, of which 96,505 had previously been exercised.

F15: 25% of the shares subject to the original option grant vest 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.