W. Keith Maxwell III - 15 Mar 2023 Form 4 Insider Report for Via Renewables, Inc. (VIA)

Role
Chief Executive Officer, Director
Signature
/s/ W. Keith Maxwell III, By Barbara Clay, attorney-in-fact
Issuer symbol
VIA
Transactions as of
15 Mar 2023
Transactions value $
$48,682
Form type
4
Filing time
17 Mar 2023, 13:10:08 UTC
Previous filing
14 Feb 2023
Next filing
22 May 2023
SEC
View on sec.gov

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 $26.2K +4.51K +3.32% $5.81 140K 15 Mar 2023 Class A Common Stock 4.51K Direct F1, F2, F3, F4, F5
transaction VIA Restricted Stock Unit Award $22.5K +3.87K +2.91% $5.81 137K 15 Mar 2023 Class A Common Stock 3.87K Direct F1, F2, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 These Restricted Stock Units vest ratably over four years in May of each year starting in the year following the grant.
F4 The price is based on the closing price on March 1, 2023 of $5.81.
F5 Balance includes original grants of Restricted Stock Units and dividend equivalents issued in additional Restricted Stock Units.
F6 These Restricted Stock Units vest in full on May 18, 2023.