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Filing Details

Accession Number:: 0000899243-19-020783
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-07-31 21:41:18
Reporting Period:: 2019-07-29

Accepted Time:: 2019-07-31 21:41:18
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1772695	Sunnova Energy International Inc.	NOVA	Electric & Other Services Combined (4931)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1783182	W Kris Hillstrand	20 East Greenway Plaza, Suite 475 Houston TX 77046	See Remarks	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2019-07-29	1,000	$12.00	1,000	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Qualified Stock Option (Right to Buy)	Acquisiton	2019-07-29	173,828	$0.00	173,828	$12.44
Common Stock	Non-Qualified Stock Option (Right to Buy)	Acquisiton	2019-07-29	69,530	$0.00	69,530	$24.87
Common Stock	Non-Qualified Stock Option (Right to Buy)	Acquisiton	2019-07-29	21,430	$0.00	21,430	$13.58
Common Stock	Non-Qualified Stock Option (Right to Buy)	Acquisiton	2019-07-29	6,428	$0.00	6,428	$27.16
Common Stock	Restricted Stock Units	Acquisiton	2019-07-29	54,166	$0.00	54,166	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
173,828	2026-04-07	No	4	A	Direct
69,530	2026-04-07	No	4	A	Direct
21,430	2028-04-02	No	4	A	Direct
6,428	2028-04-02	No	4	A	Direct
54,166		No	4	A	Direct

Footnotes

These shares of common stock of the Issuer ("Common Stock") were purchased through the directed share program conducted in connection with the Issuer's initial public offering (the "IPO").
These Nonqualified Stock Options ("Options") were originally granted under the Stock Option Plan of Sunnova Energy Corporation (the "Plan") on April 7, 2016 and scheduled to become exercisable in 20% annual installments over the first five anniversaries of the date of grant. In connection with the closing of the IPO, the Issuer assumed the Plan and the existing options became Options to purchase Common Stock. Upon the closing of the IPO, 156,446 Options were vested and 17,382 Options will vest on April 7, 2020, subject to continued employment.
These Options were originally granted under the Plan on April 7, 2016 and scheduled to become exercisable in 20% annual installments over the first five anniversaries of the date of grant. In connection with the closing of the IPO, the Issuer assumed the Plan and the existing options became Options to purchase Common Stock. Upon the closing of the IPO, 62,578 Options were vested and 6,952 Options will vest on April 7, 2020, subject to continued employment.
These Options were originally granted under the Plan on April 2, 2018 and scheduled to become exercisable in 20% annual installments over the first five anniversaries of the date of grant. In connection with the closing of the IPO, the Issuer assumed the Plan and the existing options became Options to purchase Common Stock. Upon the closing of the IPO, 12,858 Options were vested, 2,143 Options will vest on April 2, 2020 and 6,429 Options will vest on July 29, 2020, subject to continued employment.
These Options were originally granted under the Plan on April 2, 2018 and scheduled to become exercisable in 20% annual installments over the first five anniversaries of the date of grant. In connection with the closing of the IPO, the Issuer assumed the Plan and the existing options became Options to purchase Common Stock. Upon the closing of the IPO, 3,857 Options were vested, 642 Options will vest on April 2, 2020 and 1,929 Options will vest on July 29, 2020, subject to continued employment.
Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.
The RSUs 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.