Robert Lawrence Lane - Mar 22, 2022 Form 4 Insider Report for Sunnova Energy International Inc. (NOVA)

Role
Executive Vice President, Chief Financial Officer
Signature
/s/ Walter A. Baker by Power of Attorney
Stock symbol
NOVA
Transactions as of
Mar 22, 2022
Transactions value $
-$46,343
Form type
4
Date filed
3/24/2022, 05:32 PM
Previous filing
Mar 17, 2022
Next filing
Aug 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOVA Common Stock Options Exercise $0 +4.9K +5.59% $0.00 92.6K Mar 22, 2022 Direct F1
transaction NOVA Common Stock Sale -$46.3K -1.85K -2% $25.05 90.8K Mar 23, 2022 Direct F2
holding NOVA Common Stock 3K Mar 22, 2022 By Trust

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 +28.3K $0.00 28.3K Mar 22, 2022 Common Stock 28.3K Direct F1, F3
transaction NOVA Non-Qualified Stock Option (Right to Buy) Award $0 +24.5K $0.00 24.5K Mar 22, 2022 Common Stock 24.5K $25.63 Direct F4
transaction NOVA Non-Qualified Stock Option (Right to Buy) Award $0 +25.5K $0.00 25.5K Mar 22, 2022 Common Stock 25.5K $28.19 Direct F4
transaction NOVA Restricted Stock Units Options Exercise $0 -4.9K -25% $0.00 14.7K Mar 22, 2022 Common Stock 4.9K 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 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 March 22, 2022 and further settlement.
F3 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.
F4 These Nonqualified Stock Options ("Options") were granted under the Plan and vest 25% on the second anniversary of the date of grant, and remaining 75% on the third anniversary.
F5 These RSU's were awarded under the 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 Financial Officer