William J. Berger - Jul 29, 2021 Form 4 Insider Report for Sunnova Energy International Inc. (NOVA)

Role
Chairman of the Board, President and Chief Executive Officer, Director
Signature
/s/ Walter A. Baker by Power of Attorney
Stock symbol
NOVA
Transactions as of
Jul 29, 2021
Transactions value $
-$1,756,943
Form type
4
Date filed
8/2/2021, 08:12 PM
Previous filing
Aug 2, 2022
Next filing
Feb 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOVA Common Stock Options Exercise $0 +119K +71.31% $0.00 286K Jul 29, 2021 Direct F1
transaction NOVA Common Stock Sale -$1.03M -28K -9.78% $36.66 258K Aug 2, 2021 Direct F2, F3
transaction NOVA Common Stock Sale -$731K -19.4K -7.54% $37.59 239K Aug 2, 2021 Direct F2, F4
holding NOVA Common Stock 173K Jul 29, 2021 See Footnote F5
holding NOVA Common Stock 7.47K Jul 29, 2021 See Footnote F6

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 -16.67% $0.00 595K Jul 29, 2021 Common Stock 119K Direct F1, F7
* 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 reporting person in order to meet tax obligations upon vesting July 29, 2021 and further settlement. A portion of the proceeds of the sale will be paid to the Company to the extent of the profit over the reporting person's purchase of Common Stock on May 6, 2021.
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 $36.195 to $37.175. 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 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 $37.185 to $38.16. 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.
F5 Such shares of Common Stock are owned directly by Jackson Leigh Ventures, LLC. The reporting person is the sole member of Jackson Leigh Ventures, LLC.
F6 Such shares of Common Stock are held in the reporting person's IRA.
F7 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