Michael P. Grasso - Mar 22, 2024 Form 4 Insider Report for Sunnova Energy International Inc. (NOVA)

Role
Executive Vice President, Chief Revenue Officer
Signature
/s/ David Searle by Power of Attorney
Stock symbol
NOVA
Transactions as of
Mar 22, 2024
Transactions value $
-$43,639
Form type
4
Date filed
3/26/2024, 12:56 PM
Previous filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOVA Common Stock Options Exercise $0 +4.88K +7.99% $0.00 65.9K Mar 22, 2024 Direct F1
transaction NOVA Common Stock Options Exercise $0 +9.1K +13.82% $0.00 75K Mar 22, 2024 Direct F1
transaction NOVA Common Stock Sale -$43.6K -7.41K -9.88% $5.89 67.6K Mar 25, 2024 Direct F2, F3

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 Options Exercise $0 -4.88K -25% $0.00 14.6K Mar 22, 2024 Common Stock 4.88K Direct F1, F4
transaction NOVA Restricted Stock Units Options Exercise $0 -9.1K -100% $0.00* 0 Mar 22, 2024 Common Stock 9.1K Direct F5, F6
* 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 The sale of such shares of Common Stock was authorized by the Company to cover the tax withholding obligation upon the March 25, 2024 settlement of the restricted stock units that vested on March 22, 2024.
F3 The price reported in Column 4 is a weighted average price. These shares of common stock of Sunnova Energy International Inc. ("Common Stock") were sold pursuant to a 10b5-1 plan in multiple transactions at prices ranging from $5.77 to $5.98. The reporting person undertakes to provide to Sunnova Energy International Inc., any security holder thereof, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the such range.
F4 These RSUs were awarded under the Sunnova Energy International Inc. 2019 Long-Term Incentive Plan ("Plan") and vest 25% on the second anniversary of the date of grant, and remaining 75% on the third anniversary beginning March 22, 2024. Common Stock will be delivered to the reporting person no later than 15 days after the RSUs vest.
F5 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.
F6 The RSU's were awarded under the Sunnova Energy International Inc. 2019 Long-Term Incentive Plan ("Plan") and will vest 25% on the first anniversary of the date of grant, 25% on the second anniversary, and 50% on the third anniversary beginning on March 22, 2022. Common Stock will be delivered to the reporting person no later than 15 days after the RSUs vest.

Remarks:

Executive Vice President, Chief Revenue Officer