Chris Hayden - 22 Mar 2023 Form 4 Insider Report for Sunnova Energy International Inc. (NOVA)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
24 Mar 2023, 17:44:08 UTC
Prior SEC filing
14 Mar 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ David Searle by Power of Attorney
Filing notes and source

Key filing fact

Chris Hayden filed Form 4 for Sunnova Energy International Inc. (NOVA) on 24 Mar 2023.

Key facts

  • This page summarizes Chris Hayden's Form 4 filing for Sunnova Energy International Inc. (NOVA).
  • 5 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 24 Mar 2023, 17:44.

Change

  • Previous filing in this sequence was filed on 14 Mar 2023.
  • Current net transaction value: -$63,855.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NOVA transaction

Common Stock

Sale

Transaction value
-$49,483
Shares
-3,532
Change %
-17%
Price
$14.01
Shares after
17,674
Date
22 Mar 2023
Ownership
Direct
Footnotes
F1, F2
NOVA transaction

Common Stock

Sale

Transaction value
-$14,372
Shares
-981
Change %
-5.6%
Price
$14.65
Shares after
16,693
Date
23 Mar 2023
Ownership
Direct
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NOVA transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+18,477
Change %
Price
$0.000000
Shares after
18,477
Date
22 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
18,477
Exercise price
Footnotes
F4, F5
NOVA transaction Derivative

Non-Qualified Stock Option (Right to Buy)

Award

Transaction value
$0
Shares
+14,400
Change %
Price
$0.000000
Shares after
14,400
Date
22 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
14,400
Exercise price
$13.53
Footnotes
F6
NOVA transaction Derivative

Non-Qualified Stock Option (Right to Buy)

Award

Transaction value
$0
Shares
+14,827
Change %
Price
$0.000000
Shares after
14,827
Date
22 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
14,827
Exercise price
$14.88
Footnotes
F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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.

Footnote 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 $13.91 to $14.10. 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.

Footnote F3

The sale of such shares of Common Stock was authorized by the reporting person to cover the tax withholding obligation upon the March 23, 2023 settlement of the restricted stock units that vested on March 22, 2023.

Footnote F4

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.

Footnote 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.

Footnote F6

These Nonqualified Stock Options ("Options") were granted under the Plan and become exercisable in full on the third anniversary of the date of grant.

SEC remarks

Executive Vice President, Chief Technology Officer

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