W. Keith Maxwell III - Sep 15, 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
Sep 15, 2022
Transactions value $
$46,331
Form type
4
Date filed
9/16/2022, 10:21 AM
Previous filing
Jun 17, 2022
Next filing
Nov 16, 2022

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 Award $23.9K +2.88K +2.23% $8.30 132K Sep 15, 2022 Class A Common Stock 2.88K Direct F1, F2, F3, F4, F5
transaction VIA Restricted Stock Unit Award $22.5K +2.71K +2.14% $8.30 129K Sep 15, 2022 Class A Common Stock 2.71K Direct F1, F2, F4, F5, 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 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.
F2 These Restricted Stock Units accrued on outstanding Restricted Stock Units held by the reporting person as a result of a dividend equivalent payment made to the holder when the Company paid its most recent quarterly dividend on the Class A Common Stock.
F3 These Restricted Stock Units vest ratably over four years in May of each year starting in the year following the grant.
F4 The price is based on the closing price on September 1, 2022 of $8.30.
F5 Balance includes original grants of Restricted Stock Units and dividend equivalents issued in additional Restricted Stock Units.
F6 These Restricted Stock Units vest in full on May 18, 2023.