Sunrun CFO sells shares and makes stock gifts

Rhea-AI Filing Summary

Sunrun Inc. Chief Financial Officer Danny Abajian sold 2,180 shares of common stock on September 8, 2025 at a weighted-average price of $16.9319 per share, within a range of $16.46 to $17.40, to cover tax obligations from vested restricted stock units and made bona fide gifts totaling 3,636 shares. He continues to hold 433,661 shares directly, 200,515 shares indirectly, and 428,205 restricted stock units that remain subject to forfeiture until they vest.

Insights

Financial Analyst

TL;DR: Insider sold a small number of shares to cover RSU taxes while retaining substantial direct and trust holdings.

The sale of 2,180 shares appears to be a routine tax-withholding disposition tied to RSU settlement rather than a broader liquidation of holdings. The weighted average sale price is disclosed as $16.9319 and the price range for the transactions was $16.46–$17.40. Post-transaction beneficial ownership remains sizeable with 435,479 shares held directly and 200,515 indirectly via the Abajian Family Trust. The presence of 428,205 unvested RSUs indicates continued future equity dilution potential upon vesting, but no material change to control or ownership percentages is disclosed in this form.

Corporate Governance Expert

TL;DR: Filing documents routine insider tax-related sale with clear disclosure of indirect holdings and unvested RSUs.

The Form 4 cleanly discloses the reporting person’s role as CFO and director and identifies indirect holdings held of record by the Abajian Family Trust, of which the reporting person is co-trustee. The signature is provided by an attorney-in-fact on 09/10/2025. No departures, option exercises for cash, or unusual derivative transactions are reported. The substantial number of unvested RSUs is noted and properly flagged as subject to forfeiture until vesting.

Insider Trade Summary

Net Seller: 2,180 shares

Net Sell 3 txns

Insider Abajian Danny

Role Chief Financial Officer

Sold 2,180 shs ($37K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,180	$16.9319	$37K
Gift	Common Stock	1,818	$0.00	$0.00
Gift	Common Stock	1,818	$0.00	$0.00

Holdings After Transaction: Common Stock — 433,661 shares (Direct); Common Stock — 200,515 shares (Indirect, See Footnote)

Footnotes (4)

1. F1. Shares sold to cover tax obligation from settlement of vested restricted stock units.
2. F2. Price represents the weighted average sale price of the shares sold. The sale price ranged from $16.46 to $17.40 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. F3. Shares held following the reported transactions include 428,205 restricted stock units, which are subject to forfeiture until they vest.
4. F4. Securities held of record by Abajian Family Trust, of which the Reporting Person is co-trustee.

Key Figures

Shares sold: 2,180 shares Direct holdings: 433,661 shares Indirect holdings: 200,515 shares +2 more

5 metrics

Shares sold 2,180 shares Common Stock sale on 2025-09-08 at $16.9319 per share; sale price range $16.46–$17.40

Direct holdings 433,661 shares Common Stock held directly by Danny Abajian after the reported transactions

Indirect holdings 200,515 shares Common Stock held indirectly after the bona fide gift transaction on 2025-09-08

Restricted stock units 428,205 units RSUs held following the transactions, subject to forfeiture until they vest

Gifted shares 3,636 shares Total Common Stock transferred as bona fide gifts on 2025-09-08

Key Terms

restricted stock units, bona fide gift, weighted average sale price, Abajian Family Trust

4 terms

restricted stock units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

bona fide gift financial

"Transaction code description: Bona fide gift."

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

weighted average sale price financial

"Price represents the weighted average sale price of the shares sold."

Abajian Family Trust financial

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What Sunrun (RUN) stock sale did CFO Danny Abajian report?

Danny Abajian sold 2,180 shares of Sunrun common stock on September 8, 2025 at a weighted-average price of $16.9319 per share. A footnote explains the sale was made to cover tax obligations from the settlement of vested restricted stock units.

How many Sunrun (RUN) shares does Danny Abajian hold after these transactions?

After the reported transactions, Danny Abajian holds 433,661 Sunrun common shares directly. He also holds 200,515 shares indirectly and 428,205 restricted stock units, which are subject to forfeiture until they vest, reflecting his remaining equity stake.

What Sunrun (RUN) stock gifts did CFO Danny Abajian make?

On September 8, 2025, Danny Abajian executed two bona fide gifts of Sunrun common stock totaling 3,636 shares. One gift involved 1,818 directly held shares and the other 1,818 shares reported as indirectly held, according to the transaction details.

What restricted stock units does Sunrun (RUN) CFO Danny Abajian report holding?

The disclosure states that Danny Abajian holds 428,205 restricted stock units following the transactions. These RSUs are subject to forfeiture until they vest, so he will receive the underlying shares only if the specified vesting conditions are satisfied.

How does Danny Abajian’s Sunrun (RUN) share sale compare to his holdings?

The sale involved 2,180 shares of Sunrun common stock. He continues to hold 433,661 shares directly, plus indirect holdings and RSUs, providing context for the scale of the reported sale relative to his overall equity position.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 09/10/2025 - 08:49 PM Learn about SEC filing dates

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).

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)
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)		2,180	D	$16.9319(2)	435,479(3)	D
Common Stock	09/08/2025		G		1,818	D	$0	433,661	D
Common Stock	09/08/2025		G		1,818	A	$0	200,515	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 $17.40 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 transactions include 428,205 restricted stock units, which are subject to forfeiture until they vest.

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

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.