William J. Berger - Jul 29, 2024 Form 4 Insider Report for Sunnova Energy International Inc. (NOVA)

Role
Chairman of the Board, President, and Chief Executive Officer, Director
Signature
/s/ David Searle by Power of Attorney
Stock symbol
NOVA
Transactions as of
Jul 29, 2024
Transactions value $
-$341,157
Form type
4
Date filed
7/31/2024, 01:16 PM
Previous filing
Mar 12, 2024
Next filing
Aug 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOVA Common Stock Options Exercise $0 +119K +28.66% $0.00 534K Jul 29, 2024 Direct F1
transaction NOVA Common Stock Sale -$341K -48.4K -9.06% $7.05 486K Jul 30, 2024 Direct F2, F3
holding NOVA Common Stock 24.1K Jul 29, 2024 See Footnote F4

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 +119K +100% $0.00 238K Jul 29, 2024 Common Stock 119K Direct F1, F5
* 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 commons stock of Sunnova Energy International Inc. ("Common Stock").
F2 The sale of such shares of Common Stock was authorized by the Company in order to meet tax withholding obligations in connection with the July 29, 2024 vesting of RSUs granted on July 29, 2019. The sale of the reporting person's shares of Common Stock constitutes a "sell-to-cover transaction" and is provided for in a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended, and the sale does not represent a discretionary trade by the reporting person.
F3 The price reported in Column 4 is a weighted average price. These shares of Common Stock were sold in multiple transactions at prices ranging from $6.94 to $7.19, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, 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 range set forth in this footnote.
F4 Such shares of common stock of Sunnova Energy International Inc. ("Common Stock") are held in an IRA under the reporting person's spouse.
F5 The RSUs will vest in seven equal annual installments beginning on July 29, 2020. Common Stock will be delivered to the reporting person no later than 15 days after the RSUs vest.

Remarks:

Chairman of the Board, President, and Chief Executive Officer