Sunrun (RUN) CLO reports PRSU certifications and small tax-related share sale

Rhea-AI Filing Summary

Sunrun Inc. executive Jeanna Steele reported multiple equity transactions in Sunrun (RUN) stock. On February 27, 2026, performance criteria for several performance-based restricted stock unit (PRSU) grants were certified, resulting in 2,864, 14,397, and 90,545 shares of common stock tied to earlier PRSU awards. The PRSUs from April 10, 2023 and May 29, 2024 are scheduled to vest and become shares on April 6, 2026, subject to her continued service.

On March 2, 2026, Steele executed an open-market sale of 1,104 shares of common stock at a weighted average price of $12.3372 per share. A footnote states these shares were sold to cover tax obligations from the settlement of vested restricted stock units, and that prices ranged from $12.17 to $12.605 per share.

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)

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)		2,864	A	$0	358,353	D
Common Stock	02/27/2026		A(2)		14,397	A	$0	372,750	D
Common Stock	02/27/2026		A(3)		90,545	A	$0	463,295	D
Common Stock	03/02/2026		S(4)		1,104	D	$12.3372(5)	462,191(6)	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 March 4, 2021, the Reporting Person was granted performance-based restricted stock units ("PRSUs"). Each PRSU represents a contingent right to receive a share of the Issuer's Common Stock upon settlement. The PRSUs vest on the date that 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 for the measurement period ending December 31, 2025 were met and certified on February 27, 2026, resulting in the issuance of 2,864 shares of the Issuer's Common Stock.

2. On April 10, 2023, 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 14,397 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.

3. 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 90,545 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.

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

5. Price represents the weighted average sale price of the shares sold. The sale price ranged from $12.17 to $12.605 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.

6. Shares held following the reported transaction include 335,271 restricted stock units, which are subject to forfeiture until they vest.

Remarks:

	/s/ Jeanna Steele, Attorney-in-Fact	03/03/2026
	** 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 transactions did Sunrun (RUN) executive Jeanna Steele report?

Jeanna Steele reported certification of several performance-based restricted stock unit (PRSU) awards and a small open-market sale of 1,104 Sunrun common shares. The sale was disclosed as covering tax obligations from the settlement of vested restricted stock units, according to the Form 4 footnotes.

How many Sunrun (RUN) shares did Jeanna Steele sell and at what price?

She sold 1,104 shares of Sunrun common stock in an open-market transaction at a weighted average price of $12.3372 per share. A footnote explains the sale prices ranged from $12.17 to $12.605, and details are available on request from the reporting person.

Why did Sunrun (RUN) executive Jeanna Steele sell 1,104 shares?

The Form 4 states the 1,104 shares were sold to cover tax obligations arising from settlement of vested restricted stock units. This indicates the sale was connected to equity compensation events rather than a discretionary large portfolio change by the executive.

What performance-based RSUs vested or were certified for Jeanna Steele at Sunrun (RUN)?

Performance criteria were met for PRSUs granted in 2021, 2023, and 2024, covering 2,864, 14,397, and 90,545 PRSUs respectively. Committee certification occurred on February 27, 2026 based on Sunrun’s performance against defined metrics over the applicable measurement periods.

When will Jeanna Steele’s certified PRSUs at Sunrun (RUN) vest into shares?

For PRSUs granted April 10, 2023 and May 29, 2024, 100% of the certified units are scheduled to vest and become Sunrun common shares on April 6, 2026, provided Steele continues in service with the company through that vesting date.

How many restricted stock units does Jeanna Steele still hold at Sunrun (RUN)?

After the reported transactions, shares held include 335,271 restricted stock units that remain subject to forfeiture until they vest. This figure reflects unvested equity compensation and underscores that a large portion of her ownership is tied to future service and vesting conditions.