Sunrun (RUN) legal chief receives 87,074 RSUs, holds 471,612 shares

Rhea-AI Filing Summary

STEELE JEANNA reported acquisition or exercise transactions in this Form 4 filing.

Sunrun Inc. Chief Legal & People Officer Jeanna Steele reported an award of 87,074 shares of common stock in the form of restricted stock units (RSUs) at no cash cost. According to the terms, 25% of these RSUs vest on April 6, 2027, with the remaining units vesting in equal quarterly installments over the following three years, contingent on her continued service. After this grant, she holds 471,612 Sunrun shares directly, including 265,964 RSUs that remain unvested and subject to forfeiture until they vest.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider STEELE JEANNA

Role Chief Legal & People Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	87,074	$0.00	--

Holdings After Transaction: Common Stock — 471,612 shares (Direct)

Footnotes (1)

1. Each share is represented by a restricted stock unit ("RSU"). 25% of the RSUs will vest on April 6, 2027, and 1/12 of the remaining RSUs will vest quarterly thereafter, subject to the Reporting Person's continued service through each vesting date. Shares held following the reported transaction include 265,964 RSUs, which are subject to forfeiture until they vest.

Key Figures

RSU grant size: 87,074 shares Grant price per share: $0.00 per share Post-grant holdings: 471,612 shares +2 more

5 metrics

RSU grant size 87,074 shares Restricted stock unit award on April 10, 2026

Grant price per share $0.00 per share Compensation grant, not an open-market purchase

Post-grant holdings 471,612 shares Total Sunrun common shares held directly after the award

Unvested RSUs included 265,964 RSUs Unvested and subject to forfeiture until vesting

Initial vesting tranche 25% of RSUs Vests on April 6, 2027, subject to continued service

Key Terms

restricted stock unit ("RSU"), vest, forfeiture

3 terms

restricted stock unit ("RSU") financial

"Each share is represented by a restricted stock unit ("RSU")."

vest financial

"25% of the RSUs will vest on April 6, 2027, and 1/12 of the remaining RSUs will vest quarterly thereafter"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

forfeiture financial

"Shares held following the reported transaction include 265,964 RSUs, which are subject to forfeiture until they vest."

Form 4 Insider Transactions: What Each Field Means →

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^*

STEELE JEANNA

(Last) (First) (Middle)

600 CALIFORNIA STREET, SUITE 1800

(Street)

SAN FRANCISCO CALIFORNIA 94108

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/10/2026		A		87,074(1)	A	$0	471,612(2)	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. Each share is represented by a restricted stock unit ("RSU"). 25% of the RSUs will vest on April 6, 2027, and 1/12 of the remaining RSUs will vest quarterly thereafter, subject to the Reporting Person's continued service through each vesting date.

2. Shares held following the reported transaction include 265,964 RSUs, which are subject to forfeiture until they vest.

Remarks:

	/s/ Anna Nagornaia, Attorney-in-Fact	04/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Sunrun (RUN) executive Jeanna Steele report in this Form 4?

Jeanna Steele reported receiving 87,074 Sunrun common shares in the form of RSUs as a compensation award. The grant carries no cash purchase price and increases her direct holdings to 471,612 shares, including a significant portion that remains unvested and subject to forfeiture.

How many RSUs did Jeanna Steele receive from Sunrun (RUN)?

She received an award of 87,074 restricted stock units representing Sunrun common stock. These RSUs are a form of equity compensation rather than an open-market purchase, so they were granted at a stated price of $0.00 per share and vest over several years.

What is the vesting schedule for Jeanna Steele’s new Sunrun (RUN) RSUs?

The RSU grant vests over time: 25% of the 87,074 units vest on April 6, 2027. The remaining 75% then vest in 12 equal quarterly installments, provided she continues serving the company through each vesting date, so unvested units can be forfeited if service ends.

How many Sunrun (RUN) shares does Jeanna Steele hold after this RSU grant?

Following the award, she holds 471,612 Sunrun common shares directly. This total includes 265,964 RSUs that have not yet vested. Those unvested RSUs are still subject to forfeiture, meaning she must remain with Sunrun through future vesting dates to fully realize them.

Are Jeanna Steele’s Sunrun (RUN) RSUs subject to forfeiture?

Yes. The filing states that shares held after the transaction include 265,964 RSUs that are subject to forfeiture until they vest. Vesting requires her continued service with Sunrun through specified future dates, so leaving earlier would risk losing some or all of those unvested units.