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Sunrun (RUN) CRO granted 170,515 performance RSUs in amended Form 4

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

Dickson Paul S. reported acquisition or exercise transactions in this Form 4 filing.

Sunrun Inc. reported that Pres. & Chief Revenue Officer Paul S. Dickson received a grant of 170,515 shares of Common Stock through performance-based restricted stock units that were certified as attained on February 27, 2026. These shares will vest on April 6, 2026, subject to his continued service.

Following this award, Dickson holds 836,910 shares, including 622,893 restricted stock units that remain subject to forfeiture until they vest. This filing is an amendment that corrects the previously reported number of certified performance RSUs; no other changes are reported.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Dickson Paul S.

(Last) (First) (Middle)
600 CALIFORNIA STREET, SUITE 1800

(Street)
SAN FRANCISCO CA 94108

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Sunrun Inc. [ RUN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Pres. & Chief Revenue Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
03/03/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/27/2026 A(1) 170,515 A $0 836,910(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On May 29, 2024, the Reporting Person was granted 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 170,515 PRSUs were certified as attained on February 27, 2026. 100% of the PRSUs shall vest and become shares of the Issuer's Common Stock on April 6, 2026, subject to the Reporting Person's continued service through the vesting date. Due to an administrative error, the Form 4 filed on March 3, 2026 included an incorrect figure for the number of PRSUs certified. As reported in this amendment, the number of PRSUs certified was 170,515. There are no other changes reported in this amendment.
2. Shares held following the reported transaction include 622,893 restricted stock units, which are subject to forfeiture until they vest.
Remarks:
/s/ Jeanna Steele, Attorney-in-Fact 03/17/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Sunrun (RUN) report for Paul S. Dickson?

Sunrun reported that Pres. & Chief Revenue Officer Paul S. Dickson acquired 170,515 shares of Common Stock via performance-based restricted stock units. These PRSUs were certified as attained on February 27, 2026 after meeting specified performance criteria.

How many Sunrun shares does Paul S. Dickson hold after this Form 4/A?

After this award, Paul S. Dickson holds 836,910 Sunrun shares. This total includes 622,893 restricted stock units, which do not fully belong to him yet and can be forfeited if vesting conditions are not satisfied over time.

When do Paul S. Dickson’s newly certified Sunrun PRSUs vest?

The 170,515 performance-based restricted stock units certified for Paul S. Dickson will vest on April 6, 2026. Vesting is contingent on his continued service with Sunrun through that date, so he must remain employed to receive the underlying shares.

Why did Sunrun file this as an amended Form 4/A for Paul S. Dickson?

This was filed as an amendment because a prior Form 4 reported an incorrect number of certified performance-based RSUs. The amendment clarifies that 170,515 PRSUs were certified as attained, and states there are no other changes from the earlier filing.

What are PRSUs in the context of Sunrun’s compensation to Paul S. Dickson?

PRSUs, or performance-based restricted stock units, are awards that convert into shares only if performance goals are met. For Paul S. Dickson, each PRSU represents a right to receive one Sunrun share upon settlement after performance certification and subsequent vesting.

Do the newly reported Sunrun PRSUs give Paul S. Dickson shares immediately?

No, the PRSUs do not deliver shares immediately despite being certified as attained. All 170,515 PRSUs vest and become shares on April 6, 2026, and remain subject to forfeiture if Paul S. Dickson does not continue serving through that vesting date.
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