C. Park Shaper - 17 May 2023 Form 4 Insider Report for Sunnova Energy International Inc. (NOVA)

Role
Director
Signature
/s/ David Searle by Power of Attorney
Issuer symbol
NOVA
Transactions as of
17 May 2023
Net transactions value
$0
Form type
4
Filing time
19 May 2023, 16:51:58 UTC
Previous filing
04 May 2023
Next filing
08 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOVA Common Stock Options Exercise $0 +7,255 +169% $0.000000 11,560 18 May 2023 Direct F1
holding NOVA Common Stock 1,278,067 17 May 2023 See Footnote F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NOVA Restricted Stock Units Award $0 +7,566 +104% $0.000000 14,821 17 May 2023 Common Stock 7,566 Direct F1, F3
transaction NOVA Restricted Stock Units Options Exercise $0 -7,255 -49% $0.000000 7,566 18 May 2023 Common Stock 7,255 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock of Sunnova Energy International Inc. ("Common Stock").
F2 Such shares of Common Stock are owned directly by Seis Holdings LLC. The reporting person serves as the Chief Executive Officer for, and he and his spouse hold membership interests in, Seis Holdings LLC. The reporting person disclaims beneficial ownership of this Common Stock except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such Common Stock for purposes of Section 16 or for any other purpose.
F3 The RSUs will vest on the one year anniversary of the date of grant subject to the reporting person's continued service through that date. Common Stock will be delivered to the reporting person no later than 15 days after the RSUs vest.