W. Keith Maxwell III - May 18, 2022 Form 4 Insider Report for Via Renewables, Inc. (VIA)

Role
Chief Executive Officer, Director
Signature
/s/ W. Keith Maxwell III, By Barbara Clay, attorney-in-fact
Stock symbol
VIA
Transactions as of
May 18, 2022
Transactions value $
-$391,945
Form type
4
Date filed
5/20/2022, 02:58 PM
Previous filing
Mar 29, 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 +42.1K +1.18% $0.00 3.6M May 18, 2022 Direct F1
transaction VIA Class A Common Stock Tax liability -$99.3K -12.1K -0.34% $8.21 3.58M May 18, 2022 Direct F2
transaction VIA Class A Common Stock Options Exercise $0 +124K +3.46% $0.00 3.71M May 18, 2022 Direct F1
transaction VIA Class A Common Stock Tax liability -$293K -35.6K -0.96% $8.21 3.67M 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 -42.1K -25% $0.00 126K May 18, 2022 Class A Common Stock 42.1K Direct F3, F4
transaction VIA Restricted Stock Unit Award $0 +124K $0.00 124K May 18, 2022 Class A Common Stock 124K Direct F3, F5
transaction VIA Restricted Stock Unit Options Exercise $0 -124K -100% $0.00* 0 May 18, 2022 Class A Common Stock 124K Direct F3, F5
transaction VIA Restricted Stock Unit Award $0 +124K $0.00 124K May 18, 2022 Class A Common Stock 124K Direct F3, F6
* 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 42,070 and 123,916 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.
F5 These Restricted Stock Units vested simultaneously with grant on May 18, 2022.
F6 These Restricted Stock Units vest in full on May 18, 2023.