W. Keith Maxwell III - May 18, 2023 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, 2023
Transactions value $
-$183,411
Form type
4
Date filed
5/22/2023, 04:13 PM
Previous filing
Mar 17, 2023
Next filing
Jun 1, 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 +27.3K +3.73% $0.00 761K May 18, 2023 Direct F1
transaction VIA Class A Common Stock Tax liability -$136K -10.9K -1.44% $12.46 750K May 18, 2023 Direct F2
transaction VIA Class A Common Stock Options Exercise $0 +9.42K +1.26% $0.00 760K May 18, 2023 Direct F1, F3
transaction VIA Class A Common Stock Tax liability -$47K -3.77K -0.5% $12.46 756K May 18, 2023 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 -27.3K -100% $0.00* 0 May 18, 2023 Class A Common Stock 27.3K Direct F4, F5
transaction VIA Restricted Stock Unit Options Exercise $0 -9.42K -33.58% $0.00 18.6K May 18, 2023 Class A Common Stock 9.42K Direct F4, F6
transaction VIA Restricted Stock Unit Award $0 +59.5K $0.00 59.5K May 18, 2023 Class A Common Stock 59.5K Direct F4, F7
* 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 27,346 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 Payment for tax liability through the withholding of shares of Class A Common Stock in an amount equal to the requisite withholding obligation.
F3 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 9,422 restricted stock units (the "Restricted Stock Units") on May 18, 2023.
F4 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.
F5 These Restricted Stock Units vested in full on May 18, 2023.
F6 These Restricted Stock Units vest ratably over four years in May of each year starting in the year following the grant.
F7 These Restricted Stock Units vest in full on May 18, 2024.