William J. Berger - Mar 6, 2024 Form 4 Insider Report for Sunnova Energy International Inc. (NOVA)

Role
Chairman, President and Chief Executive Officer, Director
Signature
/s/ David Searle by Power of Attorney
Stock symbol
NOVA
Transactions as of
Mar 6, 2024
Transactions value $
$489,639
Form type
4
Date filed
3/11/2024, 11:31 AM
Previous filing
Aug 1, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOVA Common Stock Award $490K +77.8K +21.31% $6.29 443K Mar 6, 2024 Direct F1
holding NOVA Common Stock 24.1K Mar 6, 2024 See Footnote F2
holding NOVA Common Stock 7.47K Mar 6, 2024 See Footnote F3

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 +265K $0.00 265K Mar 6, 2024 Common Stock 265K Direct F4, F5
transaction NOVA Non-Qualified Stock Option (Right to Buy) Award $0 +786K $0.00 786K Mar 6, 2024 Common Stock 786K $7.55 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of common stock of Sunnova Energy International Inc. ("Common Stock") were awarded under the Sunnova Energy International Inc. 2019 Long-Term Incentive Plan ("Plan").
F2 Such shares of common stock of Sunnova Energy International Inc. ("Common Stock") are held in an IRA under the reporting person's spouse.
F3 Such shares of Common Stock are held in the reporting person's IRA.
F4 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock of Sunnova Energy International Inc. ("Common Stock").
F5 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.
F6 These Nonqualified Stock Options ("Options") were granted under the Plan and vest in full on the third anniversary of the date of grant.

Remarks:

Chairman, President and Chief Executive Officer