Robert Lawrence Lane - 29 Jul 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
Issuer symbol
NOVA
Transactions as of
29 Jul 2022
Net transactions value
-$213,774
Form type
4
Filing time
02 Aug 2022, 17:20:54 UTC
Previous filing
24 Mar 2022
Next filing
14 Mar 2023
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 +20,834 +23% $0.000000 111,598 29 Jul 2022 Direct F1
transaction NOVA Common Stock Sale $213,774 -8,690 -7.8% $24.60 102,908 01 Aug 2022 Direct F2, F3
holding NOVA Common Stock 3,000 29 Jul 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 Options Exercise $0 -20,834 -100% $0.000000* 0 29 Jul 2022 Common Stock 20,834 Direct F1, F4
* 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, 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 $23.96 to $24.86. 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 RSUs will vest in three 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:

Executive Vice President, Chief Financial Officer