MICHAEL C. MORGAN - 17 May 2023 Form 4 Insider Report for Sunnova Energy International Inc. (NOVA)

Role: Director
Signature: /s/ David Searle by Power of Attorney
Issuer symbol: NOVA
Transactions as of: 17 May 2023
Transactions value $: $0
Form type: 4
Filing time: 19 May 2023, 16:57:23 UTC
Previous filing: 29 Jul 2022
Next filing: 08 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NOVA	Common Stock	Options Exercise	$0	+7.26K		$0.00	7.26K	18 May 2023	Direct	F1
holding	NOVA	Common Stock						357K	17 May 2023	See Footnotes	F2, F3
holding	NOVA	Common Stock						6.01K	17 May 2023	See Footnote	F4
holding	NOVA	Common Stock						7.66K	17 May 2023	See Footnote	F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NOVA	Restricted Stock Units	Award	$0	+7.57K	+104.29%	$0.00	14.8K	17 May 2023	Common Stock	7.57K		Direct	F1, F6
transaction	NOVA	Restricted Stock Units	Options Exercise	$0	-7.26K	-48.95%	$0.00	7.57K	18 May 2023	Common Stock	7.26K		Direct	F1, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 reporting person disclaims beneficial ownership of this Common Stock except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such Common Stock for purposes of Section 16 or for any other purpose.
F3	Such shares of Common Stock are held indirectly by the reporting person through Portcullis Partners, LP. The reporting person serves as the Manager of the general partner, Portcullis G.P., LLC, for, and he and his spouse indirectly hold interests in, Portcullis Partners, LP.
F4	Such shares of Common Stock are held indirectly by the reporting person via Trust.
F5	The reporting person's trust holdings include 4,305 shares of Common Stock previously held directly which were distributed to the Trust and are now owned indirectly.
F6	The RSUs will vest on the one year anniversary of the date of grant subject to the reporting person's continued service through that date. Common Stock will be delivered to the reporting person no later than 15 days after the RSUs vest.