John K. Keppler - 14 Nov 2022 Form 4 Insider Report for Enviva Inc.

Role: Chairman and CEO, Director
Signature: /s/ Jason E. Paral, as attorney-in-fact for John K. Keppler
Issuer symbol: N/A
Transactions as of: 14 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 16 Nov 2022, 16:15:20 UTC
Previous filing: 13 Oct 2022
Next filing: 05 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EVA	Common Stock	Options Exercise		+144,634	+20%		869,175	14 Nov 2022	Direct	F1
transaction	EVA	Common Stock	Award	$0	+101,695	+12%	$0.000000	970,870	14 Nov 2022	Direct	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	EVA	Restricted Stock Units	Options Exercise	$0	-23,588	-100%	$0.000000^*	0	14 Nov 2022	Common Stock	23,588		Direct	F1, F3
transaction	EVA	Restricted Stock Units	Options Exercise	$0	-35,168	-100%	$0.000000^*	0	14 Nov 2022	Common Stock	35,168		Direct	F1, F4
transaction	EVA	Restricted Stock Units	Options Exercise	$0	-42,939	-100%	$0.000000^*	0	14 Nov 2022	Common Stock	43		Direct	F1, F5
transaction	EVA	Restricted Stock Units	Options Exercise	$0	-42,939	-100%	$0.000000^*	0	14 Nov 2022	Common Stock	43		Direct	F1, F6

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

John K. Keppler is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into shares of common stock on a one-for-one basis.
F2	Pursuant to the terms of the reporting persons' employment agreement, upon his termination of employment on November 14, 2022, certain outstanding performance-based restricted stock unit awards that were not derivative securities and were not previously reported on a Form 4 vested and were settled in shares of the Issuer's common stock. These shares of common stock represent the settlement of three separate awards of performance-based restricted stock unit granted on February 1, 2022 (23,588 shares at target performance), January 27, 2021 (35,168 shares at target performance), and January 29, 2020 (42,939 shares at target performance).
F3	On February 1, 2022, the reporting person was granted 23,588 restricted stock units vesting in a single installment on February 1, 2026. This vesting of this award accelerated pursuant to the terms of the reporting person's employment agreement upon his termination of employment on November 14, 2022.
F4	On January 27, 2021, the reporting person was granted 35,168 restricted stock units vesting in a single installment on January 27, 2025. This vesting of this award accelerated pursuant to the terms of the reporting person's employment agreement upon his termination of employment on November 14, 2022.
F5	On January 29, 2020, the reporting person was granted 42,939 restricted stock units vesting in a single installment on January 29, 2024. This vesting of this award accelerated pursuant to the terms of the reporting person's employment agreement upon his termination of employment on November 14, 2022.
F6	On January 29, 2020, the reporting person was granted 42,939 restricted stock units vesting in a single installment on January 29, 2023. This vesting of this award accelerated pursuant to the terms of the reporting person's employment agreement upon his termination of employment on November 14, 2022.