# EDGAR Filing Document

**Accession Number:** 0001772695
**File Stem:** 0001772695-23-000039
**Filing Date:** 2023-3
**Character Count:** 8135
**Document Hash:** 2c13475537b687e6452ead81ce4fe30d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001772695-23-000039.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001772695-23-000039

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230322

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Hillstrand Kris W
- **CENTRAL INDEX KEY:** 0001783182

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38995
- **FILM NUMBER:** 23760924

**MAIL ADDRESS:**
- **STREET 1:** 20 EAST GREENWAY PLAZA, SUITE 475
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sunnova Energy International Inc.
- **CENTRAL INDEX KEY:** 0001772695
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC & OTHER SERVICES COMBINED [4931]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 20 EAST GREENWAY PLAZA, SUITE 540
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** (281) 985-9900

**MAIL ADDRESS:**
- **STREET 1:** 20 EAST GREENWAY PLAZA, SUITE 540
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Hillstrand Kris W<br><sub>(Last) (First) (Middle)</sub><br>20 EAST GREENWAY PLAZA,<br>SUITE 540<br><sub>(Street)</sub><br>HOUSTON, TX 77046<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-22 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_See Remarks_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Sunnova Energy International Inc. [ NOVA ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-03-22 |  | S |  | 13125<sup>(1)</sup> | D | 13.97<sup>(2)</sup> | 97162 | D |  |
| Common Stock | 2023-03-23 |  | S |  | 4714<sup>(3)</sup> | D | 14.65<sup>(4)</sup> | 92448 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units | <sup>(5)</sup> | 2023-03-22 |  | A |  | 38802 |  | <sup>(6)</sup> | <sup>(6)</sup> | Common Stock | 38802.0 | $0 | 38802 | D |  |
| Non-Qualified Stock Option (Right to Buy) | $13.53 | 2023-03-22 |  | A |  | 30241 |  | <sup>(7)</sup> | 2033-03-22 | Common Stock | 30241.0 | $0 | 30241 | D |  |
| Non-Qualified Stock Option (Right to Buy) | $14.88 | 2023-03-22 |  | A |  | 31138 |  | <sup>(7)</sup> | 2033-03-22 | Common Stock | 31138.0 | $0 | 31138 | D |  |

---

### Footnotes:

(1) The sale of such shares of common stock of Sunnova Energy International Inc. ("Common Stock") was authorized by the reporting person to cover the tax withholding obligation upon the March 22, 2023, settlement of the common stock that vested on March 10, 2023, and restricted stock units that vested on March 12, 2023.

(2) 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 $13.83 to $14.10.  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.

(3) The sale of such shares of Common Stock was authorized by the reporting person to cover the tax withholding obligation upon the March 23, 2023 settlement of the restricted stock units that vested on March 22, 2023.

(4) 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 $14.63 to $14.66.  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.

(5) Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.

(6) These RSUs were awarded under the Sunnova Energy International Inc. 2019 Long-Term Incentive Plan ("Plan") and vest in full on the third anniversary of the date of grant.  Common Stock will be delivered to the reporting person no later than 15 days after the RSUs vest.

(7) These Nonqualified Stock Options ("Options") were granted under the Plan and become exercisable in full on the third anniversary of the date of grant.

**Remarks:**
Executive Vice President, International and Direct

**Signature:** /s/ David Searle by Power of Attorney  
**Date:** 2023-03-24

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**