Sunrun (NASDAQ: RUN) CRO receives large PRSU stock grants, sells shares for taxes

Rhea-AI Filing Summary

Sunrun Inc. executive Paul S. Dickson reported a mix of stock grants and a small sale. On February 27, 2026, he acquired 3,291, 23,994, and 171,030 shares of common stock at $0.00 per share from performance-based restricted stock unit (PRSU) awards that were certified as attained.

On March 2, 2026, he sold 1,021 shares of common stock in an open-market transaction at a weighted-average price of $12.3316 per share, with sale prices ranging from $12.16 to $12.61, to cover tax obligations from settlement of vested restricted stock units. Following these transactions, he directly owned 836,404 shares, including 623,408 restricted stock units that remain subject to forfeiture until they vest.

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^*

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)

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)		3,291	A	$0	642,401	D
Common Stock	02/27/2026		A(2)		23,994	A	$0	666,395	D
Common Stock	02/27/2026		A(3)		171,030	A	$0	837,425	D
Common Stock	03/02/2026		S(4)		1,021	D	$12.3316(5)	836,404(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 December 6, 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 3,291 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 23,994 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 171,030 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 $12.16 to $12.61 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 623,408 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 Paul S. Dickson report?

Paul S. Dickson reported three stock grant acquisitions and one stock sale. He received multiple common stock awards from performance-based restricted stock units and sold 1,021 shares in the open market, primarily to cover tax obligations from vested restricted stock units.

How many Sunrun (RUN) shares did Paul S. Dickson sell and at what price?

He sold 1,021 shares of Sunrun common stock at a weighted-average price of $12.3316 per share. The actual sale prices ranged from $12.16 to $12.61 per share in open-market transactions to satisfy tax obligations from vested restricted stock units.

What stock awards did Paul S. Dickson receive from Sunrun (RUN) PRSUs?

He received 3,291, 23,994, and 171,030 shares of Sunrun common stock at $0.00 per share when performance-based restricted stock units were certified as attained, tied to performance criteria for prior grant dates and measurement periods approved by the compensation committee.

How many Sunrun (RUN) shares does Paul S. Dickson own after these transactions?

After the reported transactions, he directly owned 836,404 shares of Sunrun common stock. This amount includes 623,408 restricted stock units that are subject to forfeiture and will only be retained if the applicable vesting conditions are satisfied in the future.

Why did Paul S. Dickson sell Sunrun (RUN) shares according to the Form 4?

The filing states the 1,021 shares were sold to cover tax obligations arising from the settlement of vested restricted stock units. This indicates the sale was linked to equity compensation taxation rather than a discretionary reduction of his overall Sunrun share position.

When will some of Paul S. Dickson’s Sunrun (RUN) PRSU awards vest into shares?

For PRSUs granted in April 2023 and May 2024, performance was certified as attained on February 27, 2026. According to the filing, 100% of those PRSUs are scheduled to vest and convert into Sunrun common stock on April 6, 2026, subject to his continued service.