William J. Berger - 22 Mar 2023 Form 4 Insider Report for Sunnova Energy International Inc. (NOVA)

Role
Chairman of the Board, President, and Chief Executive Officer, Director
Signature
/s/ David Searle by Power of Attorney
Issuer symbol
NOVA
Transactions as of
22 Mar 2023
Net transactions value
-$145,805
Form type
4
Filing time
24 Mar 2023, 17:32:26 UTC
Previous filing
14 Mar 2023
Next filing
28 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 Sale $145,805 -10,385 -3.4% $14.04 292,325 22 Mar 2023 Direct F1, F2
holding NOVA Common Stock 24,100 22 Mar 2023 See Footnote F3
holding NOVA Common Stock 7,471 22 Mar 2023 See Footnote F4

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 Non-Qualified Stock Option (Right to Buy) Award $0 +153,609 $0.000000 153,609 22 Mar 2023 Common Stock 153,609 $13.53 Direct F5
transaction NOVA Non-Qualified Stock Option (Right to Buy) Award $0 +158,165 $0.000000 158,165 22 Mar 2023 Common Stock 158,165 $14.88 Direct F5
transaction NOVA Non-Qualified Stock Option (Right to Buy) Award $0 +161,812 $0.000000 161,812 22 Mar 2023 Common Stock 161,812 $16.24 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale of such shares of common stock of Sunnova Energy International Inc. ("Common Stock") was authorized by the reporting person to cover the tax withholding obligation upon the March 22, 2023 settlement of the common stock that vested March 10, 2023.
F2 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 $13.8085 to $14.19. 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.
F3 Such shares of Common Stock are held in an IRA under the reporting person's spouse.
F4 Such shares of Common Stock are held in the reporting person's IRA.
F5 These Nonqualified Stock Options ("Options") were granted under the Sunnova Energy International Inc. 2019 Long-Term Incentive Plan ("Plan") and become exercisable in full on the third anniversary of the date of grant.

Remarks:

Chairman of the Board, President, and Chief Executive Officer