William J. Berger - 17 Mar 2025 Form 4 Insider Report for Sunnova Energy International Inc. (NOVA)

Role
Former Chairman of the Board, President, and Chief Executive Officer, Director
Signature
/s/ David Searle by Power of Attorney
Issuer symbol
NOVA
Transactions as of
17 Mar 2025
Net transactions value
-$21,122
Form type
4
Filing time
19 Mar 2025, 17:56:39 UTC
Previous filing
26 Aug 2024
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 +238,098 +58% $0.000000 647,143 17 Mar 2025 Direct F1
transaction NOVA Common Stock Tax liability $21,122 -64,084 -9.9% $0.3296 583,059 17 Mar 2025 Direct F2
holding NOVA Common Stock 24,100 17 Mar 2025 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 Options Exercise $0 -238,098 -100% $0.000000 0 17 Mar 2025 Common Stock 238,098 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

William J. Berger is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 17, 2025 and further settlement.
F3 Such shares of Common Stock are held in an IRA under the reporting person's spouse.
F4 The remainder of the RSUs vesting associated with this July 29, 2019 grant has been accelerated, which is the number of restricted stock units that would have vested under the applicable award had Mr. Berger remained employed by the Company through July 29, 2026. Common Stock will be delivered to the reporting person no later than 15 days after the RSUs vest.

Remarks:

Former Chairman of the Board, President, and Chief Executive Officer