Stockholders' Equity

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Convertible Preferred Stock

The Company did not have any convertible preferred stock issued and outstanding as of December 31, 2023 and 2022.

The Company did not declare or pay any dividends in 2023, 2022 or 2021.

Common Stock

The Company has reserved sufficient shares of common stock for issuance upon the exercise of stock options and the exercise of warrants. Common stockholders are entitled to dividends if and when declared by the board of directors, subject to the prior rights of the preferred stockholders. As of December 31, 2023, no common stock dividends had been declared by the board of directors.

The Company has reserved shares of common stock for issuance as follows (in thousands):

	December 31,
	2023	2022
Stock plans
Shares available for grant
Sunrun-VSI 2014 Equity Incentive Plan	5,694	9,534
2015 Equity Incentive Plan	17,830	20,534
2015 Employee Stock Purchase Plan	8,537	10,071
Options outstanding	4,243	5,217
Restricted stock units outstanding	8,449	4,542
Total	44,753	49,898