RUN director disposes 100,000 shares; retains 850,482 direct stake

Rhea-AI Filing Summary

Director Lynn Michelle Jurich reported sales of 100,000 shares of Sunrun Inc. (RUN) under a Rule 10b5-1 trading plan adopted June 9, 2025. The sales occurred on September 8, 2025 (50,000 shares at a weighted average of $17.44) and on October 1, 2025 (25,708 shares at a weighted average of $18.9526 and 24,292 shares at a weighted average of $19.6945). After these transactions, Ms. Jurich directly beneficially owns 850,482 shares, which include 2,547 restricted stock units subject to forfeiture. She also holds 1,600,000 shares indirectly through Jurich Murray Holdings LLC, of which she is the sole member.

Positive

• Sales executed under a Rule 10b5-1 plan adopted June 9, 2025, indicating preplanned transactions
• Post-transaction direct ownership of 850,482 shares, showing continued substantial insider ownership

Negative

• Insider sold 100,000 shares, which could reduce the insider's publicly tradable stake
• 2,547 restricted stock units remain subject to forfeiture, limiting immediate liquidity for that portion

Insights

Corporate Governance Expert

Insider sales were pre-planned under a 10b5-1 plan adopted June 9, 2025.

The reporting shows systematic dispositions totaling 100,000 shares executed on 09/08/2025 and 10/01/2025. Using a 10b5-1 plan is a standard compliance mechanism that can insulate insiders from allegations of trading on material nonpublic information when the plan was adopted in advance.

The report also discloses both direct holdings of 850,482 shares (including 2,547 RSUs) and 1,600,000 shares held indirectly through an entity controlled by the reporting person, which is material for ownership concentration assessments.

Equity Ownership Analyst

Post-transaction ownership remains concentrated with significant indirect holdings.

After the reported sales, the reporting person retains 850,482 direct shares and 1,600,000 indirect shares via Jurich Murray Holdings LLC. The filing explicitly notes 2,547 restricted stock units that remain subject to forfeiture, which affects the immediately realizable stake.

These disclosed amounts are factual and quantifiable in the filing; no valuation or market-impact conclusions are drawn here.

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).

X

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)		50,000	D	$17.44(2)	900,482	D
Common Stock	10/01/2025		S(1)		25,708	D	$18.9526(3)	874,774	D
Common Stock	10/01/2025		S(1)		24,292	D	$19.6945(4)	850,482(5)	D
Common Stock								1,600,000	I	See Footnote(6)

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. The transaction reported by the Reporting Person was effected pursuant to a Rule 10b5-1 trading plan adopted June 9, 2025.

2. Price represents the weighted average sale price of the shares sold. The sale price ranged from $17.14 to $18.08 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. Price represents the weighted average sale price of the shares sold. The sale price ranged from $18.48 to $19.46 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.

4. Price represents the weighted average sale price of the shares sold. The sale price ranged from $19.48 to $19.965 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.

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

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

Remarks:

	/s/ Sundance Banks, Attorney-in-Fact	10/03/2025
	** 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 shares did Sunrun director Lynn Jurich sell in the Form 4 (RUN)?

The filing shows sales totaling 100,000 shares: 50,000 on 09/08/2025 (weighted avg $17.44) and 50,000 on 10/01/2025 split as 25,708 at $18.9526 and 24,292 at $19.6945.

Were the sales part of a trading plan for RUN insider transactions?

Yes. The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on June 9, 2025.

How many Sunrun shares does the reporting person own after the transactions?

Following the reported sales, the reporting person directly owns 850,482 shares and indirectly holds 1,600,000 shares through Jurich Murray Holdings LLC.

Do the Form 4 disclosures include restricted stock units (RSUs)?

Yes. The filing discloses 2,547 restricted stock units that are subject to forfeiture until they vest.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by Sundance Banks, Attorney-in-Fact on 10/03/2025 as the reporting signature date in the filing.