Barbara Clay - May 18, 2023 Form 4 Insider Report for Via Renewables, Inc. (VIA)

Role: Acting General Counsel and Sec
Signature: /s/ Barbara Clay
Stock symbol: VIA
Transactions as of: May 18, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/22/2023, 04:11 PM
Previous filing: Mar 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VIA	Class A Common Stock	Options Exercise	$0	+1.72K	+52.9%	$0.00	4.96K	May 18, 2023	Direct	F1

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	-1.72K	-25%	$0.00	5.15K	May 18, 2023	Class A Common Stock	1.72K		Direct	F2, F3

* 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 of 1,716 restricted stock units (the "Restricted Stock Units") on May 18, 2023. All share counts of Class A Common Stock (and Restricted Stock Units) reported in this Form 4 have been adjusted to reflect the Issuer's 1 for 5 reverse stock split effected on March 21, 2023.
F2	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.
F3	These Restricted Stock Units vest ratably over four years beginning on May 18 in the year following the grant.