Sunrun Inc. — Director's Dealing 2023

Mar 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sunrun Inc. (RUN)
CIK: 0001469367
Period of Report: 2023-03-01

Reporting Person: Dickson Paul S. (Chief Revenue Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-01	Common Stock	A	3290	—	Acquired	157648	Direct
2023-03-01	Common Stock	S	906	$25.5105	Disposed	156742	Direct
2023-03-01	Common Stock	A	36029	—	Acquired	192771	Direct

Footnotes

F1: On December 6, 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 during each of the years from 2022 to 2025. The performance criteria for the first measurement period ending December 31, 2022 were met and certified on March 1, 2023, resulting in the issuance of 3,290 shares of the Issuer's Common Stock.

F2: Shares sold to cover tax obligation from settlement of vested PRSUs.

F3: Price represents the weighted average sale price of the shares sold. The sale price ranged from $25.51 to $25.53 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.

F4: On May 6, 2022, 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 Compensation Committee of the Issuer's Board of Directors certifies attainment based on the Issuer's satisfaction of certain performance criteria. The performance criteria were met and 36,029 PRSUs were certified as attained on March 1, 2023. 50% of the PRSUs shall vest and become shares of the Issuer's Common Stock on March 6, 2023 and the remaining 50% of the PRSUs shall vest and become shares of the Issuer's Common Stock on March 6, 2024, subject to the Reporting Person's continued service through each vesting date.

F5: Shares held following the reported transactions include 121,509 restricted stock units, which are subject to forfeiture until they vest.