W. Keith Maxwell III - Sep 14, 2021 Form 4 Insider Report for Via Renewables, Inc. (VIA)

Role
CEO, Director, 10%+ Owner
Signature
/s/ W. Keith Maxwell III, by Dominique R. Colvard, Attorney-in-Fact
Stock symbol
VIA
Transactions as of
Sep 14, 2021
Transactions value $
$139,161
Form type
4
Date filed
9/17/2021, 07:33 AM
Previous filing
Sep 7, 2021
Next filing
Sep 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIA Class A Common Stock Purchase $110K +11K +0.31% $10.01 3.51M Sep 14, 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 VIA Restricted Stock Unit Award $29.1K +2.58K +1.61% $11.26 163K Sep 15, 2021 Class A Common Stock 2.58K Direct F2, F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.99 to $10.06, inclusive. The reporting person undertakes to provide to Via Renewables, Inc., any security holder of Via Renewables, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F2 Each restricted stock unit ("Restricted Stock Unit") represents a right to receive, upon vesting, one share of Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), of Via Renewables, Inc., 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.
F3 These Restricted Stock Units accrued on outstanding Restricted Stock Units held by the reporting person as a result of a dividend equivalent payment made to the holder when the Company paid its most recent quarterly dividend on the Class A Common Stock.
F4 These Restricted Stock Units vest ratably over four years in May of each year starting in the year following the grant.
F5 The price is based on the closing price on Wednesday, September 1, 2021.
F6 Balance includes original grants of Restricted Stock Units and dividend equivalents issued in additional Restricted Stock Units.