W. Keith Maxwell III - 18 May 2021 Form 4 Insider Report for Spark Energy, Inc. (VIASP)

Role
CEO, Director, 10%+ Owner
Signature
/s/ W. Keith Maxwell III, by Dominique R. Colvard, Attorney-in-Fact
Issuer symbol
VIASP
Transactions as of
18 May 2021
Net transactions value
-$138,886
Form type
4
Filing time
20 May 2021, 17:08:13 UTC
Next filing
28 May 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 +52,521 +2% $0.000000 2,662,521 18 May 2021 Direct F1
transaction VIASP Class A Common Stock Tax liability $138,886 -12,980 -0.49% $10.70 2,649,541 18 May 2021 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 VIASP Restricted Stock Unit Award $0 +52,521 $0.000000 52,521 18 May 2021 Class A Common Stock 52,521 Direct F3, F4
transaction VIASP Restricted Stock Unit Award $0 +157,563 $0.000000 157,563 18 May 2021 Class A Common Stock 157,563 Direct F3, F5
transaction VIASP Restricted Stock Unit Options Exercise $0 -52,521 -100% $0.000000* 0 18 May 2021 Class A Common Stock 52,521 Direct F3, 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 represents shares issued as a result of vesting 52,521 restricted stock units (the "Restricted Stock Units") on May 18, 2021.
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 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 Unit.
F4 These Restricted Stock Units vested simultaneously with grant on May 18, 2021.
F5 These Restricted Stock Units vest ratably over four years beginning on May 21, 2022.