Greenvale Capital discloses 4.6% Sunrun (RUN) stake in 13G/A filing

Rhea-AI Filing Summary

Greenvale Capital LLP, an English investment manager, filed an amended Schedule 13G reporting beneficial ownership of 10,711,498 shares of Sunrun Inc. common stock, representing 4.6% of the class. The percentage is based on 232,041,826 Sunrun shares outstanding as of November 3, 2025, as disclosed in the company’s Form 10‑Q.

Greenvale reports sole voting and dispositive power over all 10,711,498 shares, held for certain funds and accounts it manages. The firm certifies the holdings are in the ordinary course of business and not for changing or influencing control of Sunrun. It also notes that its foreign regulatory oversight is comparable to that of U.S. investment advisers.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Sunrun Inc.

(Name of Issuer)

Common stock, par value $0.001 per share

(Title of Class of Securities)

86771W105

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 86771W105

1

Names of Reporting Persons

Greenvale Capital LLP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 10,711,498.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,711,498.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,711,498.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.6 %

12

Type of Reporting Person (See Instructions)

PN, FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Sunrun Inc.
(b)	Address of issuer's principal executive offices: 600 California Street, Suite 1800, San Francisco CA 94108
Item 2.
(a)	Name of person filing: This filing is made by Greenvale Capital LLP, an English limited liability partnership ("Greenvale"), with respect to the shares of common stock, par value $0.001 per share ("Common Stock") of Sunrun Inc. (the "Company") held by certain funds and accounts to which it serves as the investment manager. Bruce Emery, a citizen of the United Kingdom and the United States, indirectly controls Greenvale. Greenvale is sometimes referred to as the "Reporting Person." The filing of this statement should not be construed as an admission that any of the foregoing persons or the Reporting Person is, for the purposes of Section 13 of the Act, the beneficial owner of the securities reported herein.
(b)	Address or principal business office or, if none, residence: 1st Floor, 1 Vere Street, London W1G 0DF, United Kingdom.
(c)	Citizenship: Greenvale is an English limited liability partnership.
(d)	Title of class of securities: Common stock, par value $0.001 per share
(e)	CUSIP No.: 86771W105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Greenvale is an investment manager, authorized and regulated by the Financial Conduct Authority in the United Kingdom which is comparable to the regulatory scheme applicable to the investment advisers covered by Item 3(e) above.
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 232,041,826 shares of Common Stock reported to be outstanding as of November 3, 2025, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ending September 30, 2025, filed with the Securities and Exchange Commission on November 6, 2025.
(b)	Percent of class: 4.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 2(a).
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Greenvale is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Greenvale Capital LLP

Signature:	/s/ ANDREW WALL
Name/Title:	ANDREW WALL, CHIEF OPERATING OFFICER
Date:	02/17/2026

FAQ

What percentage of Sunrun (RUN) shares does Greenvale Capital report owning?

Greenvale Capital reports beneficial ownership of 4.6% of Sunrun’s common stock. This is based on 10,711,498 shares compared with 232,041,826 shares outstanding as of November 3, 2025, as disclosed in Sunrun’s Form 10‑Q.

How many Sunrun (RUN) shares does Greenvale Capital beneficially own?

Greenvale Capital reports beneficial ownership of 10,711,498 Sunrun common shares. The firm has sole voting and sole dispositive power over this entire amount for the funds and accounts it manages, according to the amended Schedule 13G filing.

What filing did Greenvale Capital submit regarding its Sunrun (RUN) stake?

Greenvale Capital submitted an amended Schedule 13G relating to Sunrun common stock. The filing reflects its 10,711,498-share position, equal to 4.6% of the outstanding class, and confirms the holdings are managed in the ordinary course of business.

Does Greenvale Capital seek to influence control of Sunrun (RUN)?

Greenvale Capital states its Sunrun shares were acquired and are held in the ordinary course of business. It certifies they were not acquired and are not held for changing or influencing control of Sunrun, nor in connection with transactions having that purpose or effect.

Who controls Greenvale Capital in relation to its Sunrun (RUN) holdings?

The filing notes that Bruce Emery, a citizen of the United Kingdom and the United States, indirectly controls Greenvale Capital. Greenvale acts as investment manager to certain funds and accounts that hold the reported Sunrun common stock position.

What regulatory status does Greenvale Capital cite in the Sunrun (RUN) filing?

Greenvale Capital describes itself as an investment manager authorized and regulated by the UK Financial Conduct Authority. It certifies that this foreign regulatory scheme is substantially comparable to that applied to functionally equivalent U.S. institutions under SEC rules.