RUN insider files Form 144 to sell 20,426 shares; recent sales totaled 29,595 shares

Rhea-AI Filing Summary

Form 144 filed for Sunrun Inc. (RUN) shows a proposed sale of 20,426 common shares through Charles Schwab & Co., valued at approximately $395,248, with an approximate sale date of 10/01/2025 on NASDAQ. The filing itemizes the acquisition source of those shares: 16,332 from RSU/PSU grants on 01/04/2021, 1,212 from an ESPP on 05/15/2023, and 2,882 from restricted stock lapses during 06/2025–09/2025, totaling 20,426 shares proposed for sale. The filer, identified in prior sales as Jeanna Steele, reported 29,595 shares sold in the past three months for gross proceeds of $465,454. The notice includes the filer’s representation that they possess no undisclosed material adverse information about the issuer.

Positive

• Full compliance with Rule 144 disclosure: acquisition dates, transaction types, broker, and aggregate market value are provided
• Sales sourced from equity compensation (RSU/PSU, ESPP, restricted stock), indicating ordinary employee liquidity rather than external transactions

Negative

• Insider selling activity: proposed sale of 20,426 shares (~$395,248) plus 29,595 shares sold in past three months (~$465,454) could be viewed negatively by some investors
• Concentration of recent sales over the prior three months may prompt investor questions about insider liquidity needs

Insights

Financial Analyst

TL;DR: Insider is selling a modest equity stake, proceeds under $500k; not clearly material to company valuation.

The filing discloses a proposed sale of 20,426 shares (~$395k) and recent sales of 29,595 shares (~$465k). These volumes represent a small fraction of the issuer's outstanding shares (listed as 230,732,572), indicating limited share-count impact. Sales originate from equity compensation (RSUs/PSU, ESPP, restricted stock lapses), which is typical for employees exercising liquidity. For investors, the transaction signals insider liquidity but lacks evidence here of accelerated or strategic divestiture that would materially affect supply-demand dynamics.

Corporate Governance Expert

TL;DR: Routine regulatory disclosure of planned insider sale; governance disclosure appears compliant.

The Form 144 provides required details: acquisition dates, nature of acquisition, amounts, broker name, intended sale date, and past three-month sales. The filer affirms absence of undisclosed material information and provides broker and aggregate market-value figures. The disclosure aligns with Rule 144 reporting obligations and shows no anomalous governance concerns within the notice itself. Materiality to shareholders is low given the small percentage of shares outstanding.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 76262	20426	395248.00	230732572	10/01/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/04/2021	RSU / PSU	Sunrun Inc.			16332	01/04/2021	Equity Compensation
Common	05/15/2023	ESPP	Sunrun Inc.			1212	05/15/2023	Cash
Common	06/06/2025	Restricted Stock Lapse	Sunrun Inc.			591	06/06/2025	Equity Compensation
Common	07/06/2025	Restricted Stock Lapse	Sunrun Inc.			1718	07/06/2025	Equity Compensation
Common	09/06/2025	Restricted Stock Lapse	Sunrun Inc.			573	09/06/2025	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
JEANNA STEELE 600 California Street, Suite 1800 San Francisco CA 94108	Sunrun Inc.	07/07/2025	3668	39625.00
JEANNA STEELE 600 California Street, Suite 1800 San Francisco CA 94108	Sunrun Inc.	08/18/2025	17417	283026.00
JEANNA STEELE 600 California Street, Suite 1800 San Francisco CA 94108	Sunrun Inc.	08/26/2025	7077	118540.00
JEANNA STEELE 600 California Street, Suite 1800 San Francisco CA 94108	Sunrun Inc.	09/08/2025	1433	24263.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for Sunrun Inc. (RUN) disclose?

The form discloses a proposed sale of 20,426 common shares valued at about $395,248, to be sold via Charles Schwab on NASDAQ around 10/01/2025.

How were the 20,426 RUN shares acquired?

The shares were acquired from equity compensation: 16,332 RSU/PSU (01/04/2021), 1,212 ESPP (05/15/2023), and 2,882 from restricted stock lapses in 06/2025–09/2025.

How much insider selling occurred in the past three months for RUN?

The filer sold 29,595 shares in the prior three months for gross proceeds of approximately $465,454 across four transactions dated 07/07/2025–09/08/2025.

Who is the broker handling the proposed sale?

The proposed sale is to be executed through Charles Schwab & Co., Inc. at 3000 Schwab Way, Westlake, TX.

Does the Form 144 state any undisclosed material information about Sunrun?

By signing the notice, the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.