4//SEC Filing
Berger William J 4
Accession 0000899243-23-017682
CIK 0001772695other
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 8:20 PM ET
Size
11.9 KB
Accession
0000899243-23-017682
Insider Transaction Report
Form 4
Berger William J
DirectorSee Remarks
Transactions
- Exercise/Conversion
Common Stock
2023-07-29+119,047→ 412,372 total - Exercise/Conversion
Restricted Stock Units
2023-07-29−119,047→ 357,145 total→ Common Stock (119,047 underlying) - Sale
Common Stock
2023-08-01$17.86/sh−47,150$841,991→ 365,222 total
Holdings
- 24,100(indirect: See Footnote)
Common Stock
- 7,471(indirect: See Footnote)
Common Stock
Footnotes (6)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock ("Common Stock") of Sunnova Energy International Inc. (the "Company").
- [F2]The sale of such shares of Common Stock was authorized by the reporting person in order to meet tax withholding obligations in connection with the July 29, 2023 vesting of RSUs granted on July 29, 2019. The sale of the reporting person's shares of Common Stock constitutes a "sell-to-cover transaction" and is provided for in a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended, and the sale does not represent a discretionary trade by the reporting person. A portion of the proceeds of the sale have been paid to the Company to the extent of the profit over the reporting person's purchases of Common Stock on March 28, 2023 and March 31, 2023.
- [F3]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 $17.49 to $18.19, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, 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 range set forth in this footnote.
- [F4]Such shares of Common Stock are held in the IRA of the reporting person's spouse.
- [F5]Such shares of Common Stock are held in the reporting person's IRA.
- [F6]The RSUs will vest in seven equal annual installments beginning on July 29, 2020. Common Stock will be delivered to the reporting person no later than 15 days after the RSUs vest.
Documents
Issuer
Sunnova Energy International Inc.
CIK 0001772695
Entity typeother
Related Parties
1- filerCIK 0001782991
Filing Metadata
- Form type
- 4
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 8:20 PM ET
- Size
- 11.9 KB