W. Keith Maxwell III - 18 May 2023 Form 4 Insider Report for Via Renewables, Inc. (VIASP)

Role
Chief Executive Officer, Director
Signature
/s/ W. Keith Maxwell III, By Barbara Clay, attorney-in-fact
Issuer symbol
VIASP
Transactions as of
18 May 2023
Net transactions value
-$183,411
Form type
4
Filing time
22 May 2023, 16:13:22 UTC
Previous filing
17 Mar 2023
Next filing
01 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIA Class A Common Stock Options Exercise $0 +27,346 +3.7% $0.000000 761,096 18 May 2023 Direct F1
transaction VIA Class A Common Stock Tax liability $136,412 -10,948 -1.4% $12.46 750,148 18 May 2023 Direct F2
transaction VIA Class A Common Stock Options Exercise $0 +9,422 +1.3% $0.000000 759,570 18 May 2023 Direct F1, F3
transaction VIA Class A Common Stock Tax liability $46,999 -3,772 -0.5% $12.46 755,798 18 May 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 -27,346 -100% $0.000000* 0 18 May 2023 Class A Common Stock 27,346 Direct F4, F5
transaction VIA Restricted Stock Unit Options Exercise $0 -9,422 -34% $0.000000 18,635 18 May 2023 Class A Common Stock 9,422 Direct F4, F6
transaction VIA Restricted Stock Unit Award $0 +59,454 $0.000000 59,454 18 May 2023 Class A Common Stock 59,454 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.