Form Type: 4

SEC EDGAR Link
Accession Number:0001772695-21-000102
Date:2021-07-29
Issuer: SUNNOVA ENERGY INTERNATIONAL INC. (NOVA)
Original Submission Date:

Reporting Person:

GRASSO MICHAEL P
20 EAST GREENWAY PLAZA,
SUITE 540 HOUSTON, TX 77046

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-07-29 M 12,500 a $0.00 38,212 direct
COMMON STOCK 2021-08-02 S 3,702 d $36.66 34,510 direct
COMMON STOCK 2021-08-02 S 2,573 d $37.59 31,937 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2021-07-29 deemed execution date M 12,500 (d) common stock 12,500 $0.00 12,500 direct
Footnotes
IDfootnote
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 july 29, 2021 and further settlement.
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 $36.195 to $37.175. 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 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 $37.185 to $38.16. 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.
f5 the rsus will vest in three 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.
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