Sunrun (RUN) Director Reports Minor RSU Tax Sale; Retains Large Stake

Rhea-AI Filing Summary

Lynn Michelle Jurich, a director of Sunrun Inc. (RUN), reported a small sale of Company common stock tied to vested restricted stock units. On 09/08/2025 she sold 490 shares at a weighted average price of $16.9206 per share (sales ranged from $16.46 to $17.31) to cover tax obligations from RSU settlement.

After the transaction the report shows 950,482 shares beneficially owned directly (including 2,547 RSUs that remain subject to forfeiture) and 1,600,000 shares held of record by Jurich Murray Holdings LLC, of which she is the sole member. The Form 4 was signed by an attorney-in-fact on 09/10/2025.

Positive

• Disclosure clarity: Form 4 provides transaction date, weighted average price, price range, and post-transaction holdings
• Substantial ongoing ownership: Reporting person retains 950,482 shares directly and 1,600,000 shares indirectly via Jurich Murray Holdings LLC
• RSU detail: Filing specifies 2,547 restricted stock units remain subject to forfeiture

Negative

• None.

Insights

Securities/Financial Analyst

TL;DR: Routine tax-related sale by a director with substantial ongoing direct and indirect ownership; not material to company capital structure.

The filing documents a minor disposition of 490 shares executed to cover tax obligations from vested restricted stock units, with proceeds realized at a weighted average price of $16.9206 per share. The reporting person continues to hold a large stake through direct ownership of 950,482 shares (including 2,547 unvested RSUs) and indirect ownership of 1,600,000 shares via an LLC. From a capital markets perspective, the transaction size is immaterial relative to the total holdings disclosed and does not indicate a change in ownership control.

Corporate Governance Expert

TL;DR: Form 4 reflects a standard insider tax sale; disclosure is complete regarding indirect holdings and unvested RSUs.

The report clarifies the nature of the sale as a tax-covering disposition of vested RSUs and discloses both direct and indirect beneficial ownership, including the number of RSUs subject to forfeiture. Signature by an attorney-in-fact is noted. The filing contains the required detail on price range and post-transaction holdings, meeting standard Section 16 reporting expectations for a director transaction.

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
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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^*

Jurich Lynn Michelle

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	09/08/2025		S(1)		490	D	$16.9206(2)	950,482(3)	D
Common Stock								1,600,000	I	See Footnote(4)

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. Shares sold to cover tax obligation from settlement of vested restricted stock units.

2. Price represents the weighted average sale price of the shares sold. The sale price ranged from $16.46 to $17.31 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.

3. Shares held following the reported transaction include 2,547 restricted stock units, which are subject to forfeiture until they vest.

4. Securities held of record by Jurich Murray Holdings LLC, of which the Reporting Person is the sole member.

Remarks:

	/s/ Sundance Banks, Attorney-in-Fact	09/10/2025
	** 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 transaction did RUN director Lynn Jurich report on Form 4?

She reported a sale of 490 shares on 09/08/2025 to cover tax obligations from vested RSUs.

At what price were the RUN shares sold in the Form 4?

The weighted average sale price was $16.9206 per share; the sale price ranged from $16.46 to $17.31.

How many RUN shares does Lynn Jurich beneficially own after the reported sale?

The Form 4 shows 950,482 shares owned directly (including 2,547 RSUs subject to forfeiture) and 1,600,000 shares held indirectly.

Why were shares sold according to the Form 4?

The filing states the shares were sold to cover tax obligations from settlement of vested restricted stock units.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Sundance Banks, Attorney-in-Fact on 09/10/2025.