4//SEC Filing
Grasso Michael P 4
Accession 0001608828-24-000011
CIK 0001772695other
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 12:56 PM ET
Size
13.4 KB
Accession
0001608828-24-000011
Insider Transaction Report
Form 4
Grasso Michael P
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2024-03-22+4,877→ 65,885 total - Exercise/Conversion
Common Stock
2024-03-22+9,103→ 74,988 total - Sale
Common Stock
2024-03-25$5.89/sh−7,409$43,639→ 67,579 total - Exercise/Conversion
Restricted Stock Units
2024-03-22−9,103→ 0 total→ Common Stock (9,103 underlying) - Exercise/Conversion
Restricted Stock Units
2024-03-22−4,877→ 14,631 total→ Common Stock (4,877 underlying)
Footnotes (6)
- [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 Company to cover the tax withholding obligation upon the March 25, 2024 settlement of the restricted stock units that vested on March 22, 2024.
- [F3]The price reported in Column 4 is a weighted average price. These shares of common stock of Sunnova Energy International Inc. ("Common Stock") were sold pursuant to a 10b5-1 plan in multiple transactions at prices ranging from $5.77 to $5.98. 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.
- [F4]These RSUs were awarded under the Sunnova Energy International Inc. 2019 Long-Term Incentive Plan ("Plan") and vest 25% on the second anniversary of the date of grant, and remaining 75% on the third anniversary beginning March 22, 2024. Common Stock will be delivered to the reporting person no later than 15 days after the RSUs vest.
- [F5]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.
- [F6]The RSU's were awarded under the Sunnova Energy International Inc. 2019 Long-Term Incentive Plan ("Plan") and will vest 25% on the first anniversary of the date of grant, 25% on the second anniversary, and 50% on the third anniversary beginning on March 22, 2022. 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 0001783160
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 12:56 PM ET
- Size
- 13.4 KB