Grasso Michael P's Form 4/A amendment
AmendedSunnova Energy International Inc. (NOVA) · filed Jan 27, 2025
- Accession no.
- 0001608828-25-000007
- Filed
- Jan 27, 2025
- Trade date
- Mar 22, 2023
- Filing delay
- 677 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Mar 24, 2023
This filing lists 1 non-derivative transaction and 1 derivative transaction. It carries over 5 transactions from the original filing that it did not restate. Open-market sales total $267.8K. It was filed 677 days after the trade.
This amendment restates part of 0001772695-23-000041 (filed Mar 24, 2023). The transactions it did not restate still count and are listed below.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Grasso Michael PCIK 0001783160 | Officer (See Remarks) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 22, 2023 | Common Stock | MOption exerciseAcquired | +4,551 | $0.00F1 | $0 | 72,130 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 22, 2023 | Common Stock | MOption exerciseDisposed | −4,551 | $0.00 | $0 | 0 | Direct |
Carried over from the original filing
This amendment restates only part of the original filing. The original's other transactions still stand, and the trade tables on Livermore count them under this amendment.
From 0001772695-23-000041 (filed Mar 24, 2023).
Non-derivative securities (Table I)
Derivative securities (Table II)
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 22, 2023 | Common Stock | AGrant or awardAcquired | +38,802 | $0.00 | $0 | 38,802 | Direct | |
| Mar 22, 2023 | Common Stock | AGrant or awardAcquired | +30,241 | $0.00 | $0 | 30,241 | Direct | |
| Mar 22, 2023 | Common Stock | AGrant or awardAcquired | +31,138 | $0.00 | $0 | 31,138 | Direct |
Footnotes on the original
The footnotes that the prices of these transactions refer to on the original filing.
- F2
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 $13.80 to $14.19. 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.
Referenced by the price of 1 transaction in Table I.
- 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 $13.34 to $13.70. 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.
Referenced by the price of 1 transaction in Table I.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock of Sunnova Energy International Inc. ("Common Stock").
Referenced by the price of 1 transaction in Table I.
- F2
The RSUs were awarded under the Sunnova Energy International Inc. 2019 Long-Term Incentive Plan ("Plan") and vested 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 was delivered to the reporting person no later than 15 days after the RSUs vested.
Remarks
This amended Form 4 reflects the correction to include an administrative error for a vesting event that occurred on March 22, 2023 for 4,551 shares of Sunnova Energy International Inc. All amounts reported herein have been adjusted to reflect this previously unreported transaction.