W. Keith Maxwell III - 18 May 2024 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 2024
Net transactions value
-$300,260
Form type
4
Filing time
21 May 2024, 16:28:09 UTC
Previous filing
12 Jun 2023
Next filing
17 Jun 2024
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 +9,318 +1.2% $0.000000 758,066 18 May 2024 Direct F1
transaction VIA Class A Common Stock Tax liability $40,727 -3,716 -0.49% $10.96 754,350 18 May 2024 Direct F2
transaction VIA Class A Common Stock Options Exercise $0 +59,454 +7.9% $0.000000 813,804 18 May 2024 Direct F1, F3
transaction VIA Class A Common Stock Tax liability $259,533 -23,680 -2.9% $10.96 790,124 18 May 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 -9,318 -50% $0.000000 9,317 18 May 2024 Class A Common Stock 9,318 Direct F4, F5
transaction VIA Restricted Stock Unit Options Exercise $0 -59,454 -100% $0.000000* 0 18 May 2024 Class A Common Stock 59,454 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.