C. Park Shaper - May 15, 2024 Form 4 Insider Report for Sunnova Energy International Inc. (NOVA)

Role
Director
Signature
/s/ David Searle by Power of Attorney
Stock symbol
NOVA
Transactions as of
May 15, 2024
Transactions value $
$0
Form type
4
Date filed
5/17/2024, 06:41 PM
Previous filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOVA Common Stock Options Exercise $0 +7.57K +65.45% $0.00 19.1K May 17, 2024 Direct F1
holding NOVA Common Stock 1.28M May 15, 2024 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 +24.9K +329.74% $0.00 32.5K May 15, 2024 Common Stock 24.9K Direct F1, F3
transaction NOVA Restricted Stock Units Options Exercise $0 -7.57K -23.27% $0.00 24.9K May 17, 2024 Common Stock 7.57K 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.