Edward Royal Smith - Feb 1, 2022 Form 4 Insider Report for Enviva Inc. (EVA)

Role: Exec VP Operations
Signature: /s/ Jason E. Paral, as attorney-in-fact for Edward Royal Smith
Stock symbol: EVA
Transactions as of: Feb 1, 2022
Transactions value $: -$711,691
Form type: 4
Date filed: 2/3/2022, 05:10 PM
Previous filing: Feb 1, 2022
Next filing: Feb 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EVA	Common Stock	Award	$0	+21K	+8.42%	$0.00	270K	Feb 1, 2022	Direct
transaction	EVA	Common Stock	Tax liability	-$712K	-9.88K	-3.66%	$72.07^*	260K	Feb 1, 2022	Direct

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	EVA	Restricted Stock Units	Award	$0	+5.44K		$0.00	5.44K	Feb 1, 2022	Common Stock	5.44K	$0.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit is the economic equivalent of one share of common stock and includes a tandem grant of a dividend equivalent right entitling the holder to receive an amount in cash equal to the value of any cash dividends paid to the holders of the Issuer's common stock during the period in which the restricted stock unit is outstanding. The restricted stock units will vest on the fourth anniversary of the date of grant as long as the Reporting Person remains continuously employed through such date, and may be settled in either cash or shares of common stock.

Content

Each restricted stock unit is the economic equivalent of one share of common stock and includes a tandem grant of a dividend equivalent right entitling the holder to receive an amount in cash equal to the value of any cash dividends paid to the holders of the Issuer's common stock during the period in which the restricted stock unit is outstanding. The restricted stock units will vest on the fourth anniversary of the date of grant as long as the Reporting Person remains continuously employed through such date, and may be settled in either cash or shares of common stock.