Barbara Clay - 18 May 2021 Form 4/A - Amendment Insider Report for Via Renewables, Inc. (VIASP)

Role
Acting General Counsel and Sec
Signature
Barbara Clay, by Dominique Colvard, Attorney-in-Fact
Issuer symbol
VIASP
Transactions as of
18 May 2021
Net transactions value
-$67,132
Form type
4/A - Amendment
Filing time
10 Nov 2021, 14:10:49 UTC
Date Of Original Report
20 May 2021
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 VIA Class A Common Stock Options Exercise $0 +14,261 $0.000000 14,261 18 May 2021 Direct F1
transaction VIA Class A Common Stock Disposed to Issuer $67,132 -6,274 -44% $10.70 7,987 18 May 2021 Direct F1, 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 -14,261 -50% $0.000000 14,261 18 May 2021 Class A Common Stock 14,261 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 represent shares issued as a result of vesting of 14,261 restricted stock units (the "Restricted Stock Units") on May 18, 2021. Of the 14,261 Restricted Stock Units, 7,987 Restricted Stock Units were settled in shares of Class A Common Stock and 6,274 Restricted Stock Units were cash settled based on the closing price on the date of vesting.
F2 This amendment is being filed to update the shares reported in column 4, which were inadvertently misstated on the original Form 4. The correct number of shares that we settled in cash is 6,274 shares.
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 Units.
F4 The Restricted Stock Units were scheduled to vest 50% on May 18, 2021 and 50% on May 18, 2022.

Remarks:

See Footnote 2 for correction.