0001469367-23-000039.txt : 20230302 0001469367-23-000039.hdr.sgml : 20230302 20230302214351 ACCESSION NUMBER: 0001469367-23-000039 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230301 FILED AS OF DATE: 20230302 DATE AS OF CHANGE: 20230302 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Dickson Paul S. CENTRAL INDEX KEY: 0001618959 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37511 FILM NUMBER: 23701521 MAIL ADDRESS: STREET 1: C/O SUNRUN INC. STREET 2: 225 BUSH STREET, SUITE 1400 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Sunrun Inc. CENTRAL INDEX KEY: 0001469367 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 262841711 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 225 BUSH STREET, SUITE 1400 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 415-580-6900 MAIL ADDRESS: STREET 1: 225 BUSH STREET, SUITE 1400 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 FORMER COMPANY: FORMER CONFORMED NAME: SunRun Inc. DATE OF NAME CHANGE: 20090730 4 1 wf-form4_167781141716172.xml FORM 4 X0306 4 2023-03-01 0 0001469367 Sunrun Inc. RUN 0001618959 Dickson Paul S. 225 BUSH STREET, SUITE 1400 SAN FRANCISCO CA 94104 0 1 0 0 Chief Revenue Officer Common Stock 2023-03-01 4 A 0 3290 0 A 157648 D Common Stock 2023-03-01 4 S 0 906 25.5105 D 156742 D Common Stock 2023-03-01 4 A 0 36029 0 A 192771 D 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 during each of the years from 2022 to 2025. The performance criteria for the first measurement period ending December 31, 2022 were met and certified on March 1, 2023, resulting in the issuance of 3,290 shares of the Issuer's Common Stock. Shares sold to cover tax obligation from settlement of vested PRSUs. Price represents the weighted average sale price of the shares sold. The sale price ranged from $25.51 to $25.53 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. On May 6, 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 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 36,029 PRSUs were certified as attained on March 1, 2023. 50% of the PRSUs shall vest and become shares of the Issuer's Common Stock on March 6, 2023 and the remaining 50% of the PRSUs shall vest and become shares of the Issuer's Common Stock on March 6, 2024, subject to the Reporting Person's continued service through each vesting date. Shares held following the reported transactions include 121,509 restricted stock units, which are subject to forfeiture until they vest. /s/ Jay Maloney, Attorney-in-Fact 2023-03-02