Michael P. Grasso - 22 Mar 2022 Form 4 Insider Report for Sunnova Energy International Inc. (NOVA)

Role
Executive Vice President, Chief Marketing and Growth Officer
Signature
/s/ Walter A. Baker by Power of Attorney
Issuer symbol
NOVA
Transactions as of
22 Mar 2022
Net transactions value
-$63,001
Form type
4
Filing time
24 Mar 2022, 17:39:26 UTC
Previous filing
17 Mar 2022
Next filing
02 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOVA Common Stock Options Exercise $0 +4,551 +12% $0.000000 42,134 22 Mar 2022 Direct F1
transaction NOVA Common Stock Sale $63,001 -2,515 -6% $25.05 39,619 23 Mar 2022 Direct 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 +19,508 $0.000000 19,508 22 Mar 2022 Common Stock 19,508 Direct F1, F3
transaction NOVA Non-Qualified Stock Option (Right to Buy) Award $0 +16,926 $0.000000 16,926 22 Mar 2022 Common Stock 16,926 $25.63 Direct F4
transaction NOVA Non-Qualified Stock Option (Right to Buy) Award $0 +17,580 $0.000000 17,580 22 Mar 2022 Common Stock 17,580 $28.19 Direct F4
transaction NOVA Restricted Stock Units Options Exercise $0 -4,551 -25% $0.000000 13,654 22 Mar 2022 Common Stock 4,551 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 Marketing and Growth Officer