Amanda Bush - 18 May 2021 Form 4 Insider Report for Spark Energy, Inc. (VIASP)

Role
Director
Signature
/s/ Amanda Bush, by Dominique R. Colvard, Attorney-in-Fact
Issuer symbol
VIASP
Transactions as of
18 May 2021
Net transactions value
-$94,064
Form type
4
Filing time
20 May 2021, 17:01:46 UTC
Next filing
16 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIASP Class A Common Stock Options Exercise $0 +8,791 +166% $0.000000 14,075 18 May 2021 Direct F1
transaction VIASP Class A Common Stock Disposed to Issuer $94,064 -8,791 -62% $10.70 5,284 18 May 2021 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 VIASP Restricted Stock Unit Options Exercise $0 -8,791 -100% $0.000000* 0 18 May 2021 Class A Common Stock 8,791 Direct F2, F3
transaction VIASP Restricted Stock Unit Award $0 +7,829 $0.000000 7,829 18 May 2021 Class A Common Stock 7,829 Direct F2, F4
* 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 8,791 restricted stock units (the "Restricted Stock Units") on May 18, 2021. The 8,791 Restricted Stock Units were cash settled based on the closing price on the date of vesting.
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 On May 18, 2020, the reporting person received a grant of 8,126 Restricted Stock Units and tandem dividend equivalent rights that vested in full on May 18, 2021.
F4 These Restricted Stock Units vest one year from the grant date on May 18, 2022.