Sunrun (RUN) CFO reports stock sale, gifts and PRSU share awards

Rhea-AI Filing Summary

Sunrun Inc. CFO Danny Abajian reported multiple equity transactions in Sunrun common stock. On March 2, 2026, he sold 4,193 shares in an open-market transaction at a weighted average price of $12.3305 per share, with a footnote stating the sale was to cover tax obligations from vested restricted stock units.

That same day he made bona fide gifts totaling 6,681 shares held directly and 6,681 shares held indirectly through the Abajian Family Trust, where he is co‑trustee. On February 27, 2026, performance-based restricted stock units granted in 2022, 2023, and 2024 were certified as attained, resulting in awards of 10,874, 23,994, and 150,909 shares of common stock. Following these transactions, his reported holdings include 563,016 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^*

Abajian Danny

(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 Financial 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)		10,874	A	$0	405,534	D
Common Stock	02/27/2026		A(2)		23,994	A	$0	429,528	D
Common Stock	02/27/2026		A(3)		150,909	A	$0	580,437	D
Common Stock	03/02/2026		S(4)		4,193	D	$12.3305(5)	576,244	D
Common Stock	03/02/2026		G		6,681	D	$0	569,563(6)	D
Common Stock	03/02/2026		G		6,681	A	$0	229,036	I	See Footnote(7)

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 June 10, 2022, 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 10,874 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 150,909 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 $12.13 to $12.67 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 transactions include 563,016 restricted stock units, which are subject to forfeiture until they vest.

7. Securities held of record by Abajian Family Trust, of which the Reporting Person is co-trustee.

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).
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FAQ

What insider transactions did Sunrun (RUN) CFO Danny Abajian report?

Danny Abajian reported an open-market sale of 4,193 Sunrun common shares, several performance-based stock awards totaling 185,777 shares, and bona fide gifts of 6,681 directly held shares plus 6,681 shares held through the Abajian Family Trust.

How many Sunrun (RUN) shares did the CFO sell and at what price?

He sold 4,193 shares of Sunrun common stock at a weighted average price of $12.3305 per share. A footnote explains the sale covered tax obligations from the settlement of vested restricted stock units rather than being a discretionary open-market liquidation.

What stock awards did the Sunrun (RUN) CFO receive in this Form 4?

Performance-based restricted stock units granted in 2022, 2023, and 2024 were certified, resulting in 10,874, 23,994, and 150,909 Sunrun common shares. These issuances followed the Compensation Committee’s confirmation that specified performance criteria were met for the applicable measurement periods.

Were any of the Sunrun (RUN) CFO’s transactions structured as gifts?

Yes. The filing reports bona fide gifts of 6,681 directly held Sunrun shares and 6,681 shares held indirectly. The indirect shares are recorded in the Abajian Family Trust, for which Danny Abajian serves as co‑trustee according to a footnote.

What future vesting conditions affect the Sunrun (RUN) CFO’s reported holdings?

His reported holdings include 563,016 restricted stock units subject to forfeiture until they vest. Additionally, certain PRSUs certified as attained on February 27, 2026 are scheduled to vest and become shares on April 6, 2026, subject to continued service.

How were the performance-based RSUs for Sunrun (RUN) CFO determined?

The PRSUs vest based on Sunrun’s satisfaction of performance criteria certified by the Board’s Compensation Committee. For measurement periods ending December 31, 2025 and others, the committee confirmed attainment on February 27, 2026, triggering issuance or scheduled vesting of the related common shares.