Santo Salvo John T. - 22 Mar 2023 Form 4 Insider Report for Sunnova Energy International Inc. (NOVA)

Role
Executive Vice President, Chief Procurement Officer
Signature
/s/ David Searle by Power of Attorney
Issuer symbol
NOVA
Transactions as of
22 Mar 2023
Net transactions value
-$131,178
Form type
4
Filing time
24 Mar 2023, 17:42:02 UTC
Previous filing
14 Mar 2023
Next filing
30 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 $131,178 -9,310 -9.6% $14.09 87,758 22 Mar 2023 Direct F1, F2
holding NOVA Common Stock 6 22 Mar 2023 By son

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 +38,802 $0.000000 38,802 22 Mar 2023 Common Stock 38,802 Direct F3, F4
transaction NOVA Non-Qualified Stock Option (Right to Buy) Award $0 +30,241 $0.000000 30,241 22 Mar 2023 Common Stock 30,241 $13.53 Direct F5
transaction NOVA Non-Qualified Stock Option (Right to Buy) Award $0 +31,138 $0.000000 31,138 22 Mar 2023 Common Stock 31,138 $14.88 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 on March 10, 2023, and restricted stock units that vested on March 12, 2023, and March 22, 2023.
F2 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 on March 10, 2023, and restricted stock units that vested on March 12, 2023 and March 22, 2023.
F3 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.
F4 These RSUs were awarded under the Sunnova Energy International Inc. 2019 Long-Term Incentive Plan ("Plan") and vest in full on the third anniversary of the date of grant. Common Stock will be delivered to the reporting person no later than 15 days after the RSUs vest.
F5 These Nonqualified Stock Options ("Options") were granted under the Plan and become exercisable in full on the third anniversary of the date of grant.

Remarks:

Executive Vice President, Chief Procurement Officer