W. Keith Maxwell III - May 18, 2024 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, 2024
Transactions value $
-$300,260
Form type
4
Date filed
5/21/2024, 04:28 PM
Previous filing
Jun 12, 2023
Next filing
Jun 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIA Class A Common Stock Options Exercise $0 +9.32K +1.24% $0.00 758K May 18, 2024 Direct F1
transaction VIA Class A Common Stock Tax liability -$40.7K -3.72K -0.49% $10.96 754K May 18, 2024 Direct F2
transaction VIA Class A Common Stock Options Exercise $0 +59.5K +7.88% $0.00 814K May 18, 2024 Direct F1, F3
transaction VIA Class A Common Stock Tax liability -$260K -23.7K -2.91% $10.96 790K May 18, 2024 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 -9.32K -50% $0.00 9.32K May 18, 2024 Class A Common Stock 9.32K Direct F4, F5
transaction VIA Restricted Stock Unit Options Exercise $0 -59.5K -100% $0.00* 0 May 18, 2024 Class A Common Stock 59.5K Direct F4, 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 of 9,318 restricted stock units (the "Restricted Stock Units") on May 18, 2024.
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 59,454 restricted stock units (the "Restricted Stock Units") on May 18, 2024.
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 vest ratably over four years in May of each year starting in the year following the grant.
F6 These Restricted Stock Units vested in full on May 18, 2024.