Mike Barajas - May 18, 2022 Form 4 Insider Report for Via Renewables, Inc. (VIA)

Role: Chief Financial Officer
Signature: /s/ Mike Barajas, By Barbara Clay, attorney-in-fact
Stock symbol: VIA
Transactions as of: May 18, 2022
Transactions value $: -$12,496
Form type: 4
Date filed: 5/20/2022, 02:53 PM
Previous filing: Mar 17, 2022
Next filing: Jun 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VIA	Class A Common Stock	Options Exercise	$0	+5.11K	+338%	$0.00	6.63K	May 18, 2022	Direct	F1
transaction	VIA	Class A Common Stock	Tax liability	-$12.5K	-1.52K	-22.97%	$8.21	5.11K	May 18, 2022	Direct	F2

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	VIA	Restricted Stock Unit	Options Exercise	$0	-5.11K	-28.32%	$0.00	12.9K	May 18, 2022	Class A Common Stock	5.11K		Direct	F3, F4
transaction	VIA	Restricted Stock Unit	Award	$0	+62K	+478.59%	$0.00	74.9K	May 18, 2022	Class A Common Stock	62K		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	The shares of Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), reported represent shares issued as a result of vesting 5,114 restricted stock units (the "Restricted Stock Units") on May 18, 2022.
F2	Payment for tax liability through the withholding of shares of Class A Common Stock in an amount equal to the requisite withholding obligation.
F3	Each Restricted Stock Unit represents a right to receive, upon vesting, one share of Class A Common Stock, cash, or a combination of both. Each Restricted Stock Unit includes tandem dividend equivalents which will vest upon the same schedule as the underlying Restricted Stock Units.
F4	These Restricted Stock Units vest ratably over four years in May of each year starting in the year following the grant.