Form 4: Sunrun CFO Danny Abajian Reports Changes in Beneficial Ownership

Danny Abajian, CFO of Sunrun Inc., reports acquisition and disposal of common stock and restricted stock units.

Summary

• Danny Abajian, the Chief Financial Officer of Sunrun Inc., filed a Form 4 with the SEC on April 14, 2025, reporting changes in beneficial ownership of Sunrun's common stock.
• The reported transactions include the acquisition of 255,681 shares of common stock represented by restricted stock units at $0 and the disposal of 458,267 shares.
• Following these transactions, Abajian directly owns 458,267 shares, including 454,248 restricted stock units subject to forfeiture until they vest.
• Additionally, 187,165 shares are held indirectly through the Abajian Family Trust, where Abajian serves as co-trustee.
• 25% of the restricted stock units will vest on April 6, 2026, and 1/12 of the remaining restricted stock units will vest quarterly thereafter, subject to continued service.

Sentiment

Score: 5

Explanation: This is a routine filing; the sentiment is neutral as it simply reports transactions without indicating a strong positive or negative outlook.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.

Key Dates

Keywords

Form 4, Beneficial Ownership, Sunrun, RUN, Danny Abajian, CFO, Restricted Stock Units, SEC Filing