Sunrun (RUN) CLO granted 90,271 performance-based RSUs in amended Form 4

Rhea-AI Filing Summary

Sunrun Inc.’s Chief Legal & People Officer Jeanna Steele received a grant of 90,271 performance-based restricted stock units (PRSUs). These PRSUs were originally granted on May 29, 2024 and were certified as attained on February 27, 2026 after the company met specified performance criteria.

All 90,271 PRSUs are scheduled to vest and convert into shares of common stock on April 6, 2026, subject to her continued service. Following this award, Steele is reported as holding 463,021 shares in total, including 334,997 restricted stock units that remain subject to forfeiture until they vest.

This Form 4 amendment corrects an earlier filing that reported an incorrect number of PRSUs certified; the correct certified amount is 90,271, and no other changes are reported.

Insights

Equity compensation analyst

Routine performance-based equity vesting; corrective amendment, not a new market trade.

The filing shows Jeanna Steele, Sunrun’s Chief Legal & People Officer, having 90,271 PRSUs certified after the company met performance criteria. The units were granted earlier and will vest into shares on April 6, 2026, subject to continued service.

This is compensation-related, with no cash changing hands and no open-market buying or selling. After the award, she is shown holding 463,021 shares, including 334,997 restricted stock units that may be forfeited if vesting conditions are not met.

The amendment’s purpose is to correct the previously misreported PRSU count, confirming the certified amount of 90,271. As a result, this event is administrative and routine rather than a new directional signal on Sunrun stock.

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

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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^*

STEELE JEANNA

(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)
	Chief Legal & People 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)		90,271	A	$0	463,021(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 90,271 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 90,271. There are no other changes reported in this amendment.

2. Shares held following the reported transaction include 334,997 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 Jeanna Steele in this Form 4/A?

Sunrun reported that Chief Legal & People Officer Jeanna Steele acquired 90,271 performance-based restricted stock units. These PRSUs were certified after the company met performance criteria and are scheduled to vest into shares on April 6, 2026, assuming her continued service.

Why did Sunrun (RUN) file this amended Form 4/A for Jeanna Steele?

The amended Form 4 corrects an earlier error in the number of PRSUs certified. It clarifies that 90,271 performance-based restricted stock units were certified as attained, and states that there are no other changes reported beyond fixing this figure.

When will Jeanna Steele’s 90,271 Sunrun (RUN) PRSUs vest into shares?

The 90,271 PRSUs are scheduled to vest and become shares of Sunrun common stock on April 6, 2026. Vesting is contingent on Steele’s continued service with the company through that date, as outlined in the award’s terms.

How many Sunrun (RUN) shares does Jeanna Steele hold after this transaction?

Following the reported transaction, Jeanna Steele is shown holding 463,021 shares of Sunrun common stock. This total includes 334,997 restricted stock units, which are subject to forfeiture until they vest under their respective service-based or performance-based conditions.

Does this Sunrun (RUN) Form 4/A involve open-market buying or selling of shares?

No, the filing describes a grant and certification of performance-based restricted stock units, not an open-market trade. The transaction reflects equity compensation, with PRSUs converting into shares upon vesting, rather than Steele buying or selling stock on the market.

What performance conditions applied to Jeanna Steele’s Sunrun (RUN) PRSUs?

The PRSUs vest based on Sunrun meeting specified performance criteria, which the Compensation Committee certifies. The filing states that these criteria were satisfied and 90,271 PRSUs were certified as attained on February 27, 2026, enabling future vesting into shares.