Sunrun Inc. — Director's Dealing 2021

Jan 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sunrun Inc. (RUN)
CIK: 0001469367
Period of Report: 2020-12-30

Reporting Person: Philpot Michelle (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-30	Common Stock	M	8746	$6.40	Acquired	52049	Direct
2020-12-30	Common Stock	M	29024	$5	Acquired	81073	Direct
2020-12-30	Common Stock	M	6593	$8.05	Acquired	87666	Direct
2020-12-30	Common Stock	M	11802	$14.57	Acquired	99468	Direct
2020-12-30	Common Stock	S	47901	$64.7242	Disposed	51567	Direct
2020-12-30	Common Stock	S	11072	$65.2125	Disposed	40495	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-30	Employee Stock Option (right to buy)	$6.4	M	8746	Disposed	2026-03-02	Common Stock (8746.0)	Direct
2020-12-30	Employee Stock Option (right to buy)	$5.0	M	29024	Disposed	2027-03-14	Common Stock (29024.0)	Direct
2020-12-30	Employee Stock Option (right to buy)	$8.05	M	6593	Disposed	2028-03-19	Common Stock (6593.0)	Direct
2020-12-30	Employee Stock Option (right to buy)	$14.57	M	11802	Disposed	2029-03-13	Common Stock (11802.0)	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 $64.07 to $65.06 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 $65.07 to $65.55 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: Shares held following the reported transactions include 31,628 RSUs, which are subject to forfeiture until they vest.

F5: The shares subject to the option are fully vested and exercisable.

F6: 25% of the shares subject to the option vested on March 15, 2018, and 1/48 of the shares vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.

F7: 25% of the shares subject to the option vested on March 15, 2019, and 1/48 of the shares vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.

F8: 25% of the shares subject to the option vested on March 15, 2020, and 1/48 of the shares vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.