Kris W. Hillstrand - Mar 11, 2022 Form 4 Insider Report for Sunnova Energy International Inc. (NOVA)

Signature
/s/ Walter A. Baker by Power of Attorney
Stock symbol
NOVA
Transactions as of
Mar 11, 2022
Transactions value $
-$87,731
Form type
4
Date filed
3/15/2022, 05:53 PM
Previous filing
Aug 2, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOVA Common Stock Award $175K +7.56K +15.98% $23.15 54.9K Mar 11, 2022 Direct F1
transaction NOVA Common Stock Sale -$84.5K -3.9K -7.1% $21.67 51K Mar 14, 2022 Direct F2, F3
transaction NOVA Common Stock Options Exercise $0 +25.9K +50.79% $0.00 76.9K Mar 12, 2022 Direct F4
transaction NOVA Common Stock Sale -$178K -8.27K -10.75% $21.56 68.6K Mar 14, 2022 Direct F5, 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 -25.9K -50% $0.00 25.9K Mar 12, 2022 Common Stock 25.9K Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of common stock of Sunnova Energy International Inc. ("Common Stock") were awarded under the Sunnova Energy International Inc. 2019 Long-Term Incentive Plan ("Plan").
F2 The sale of such shares of Common Stock was authorized by the reporting person in order to meet tax obligations upon vesting March 11, 2022 and further settlement.
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 $21.51 to $21.85. 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 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.
F5 The sale of such shares of Common Stock was authorized by the reporting person in order to meet tax obligations upon vesting March 12, 2022 and further settlement.
F6 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 $21.39 to $21.92. 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.
F7 The RSU's were awarded under the Sunnova Energy International Inc. 2019 Long-Term Incentive Plan and will vest in three equal annual installments beginning on March 12, 2021. Common Stock will be delivered to the reporting person no later than 15 days after the RSUs vest.

Remarks:

Executive Vice President, Chief Operating Officer