W. Keith Maxwell III - 13 Jun 2024 Form 4 Insider Report for Via Renewables, Inc. (VIA)

Role
Chief Executive Officer, Director
Signature
/s/ W. Keith Maxwell III
Issuer symbol
VIA
Transactions as of
13 Jun 2024
Transactions value $
$0
Form type
4
Filing time
17 Jun 2024, 17:21:49 UTC
Previous filing
21 May 2024
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 Disposed to Issuer +2.53M +320.61% 3.32M 13 Jun 2024 By RetailCo, LLC 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 Disposed to Issuer $0 -9.32K -100% $0.00* 0 13 Jun 2024 Class A Common Stock 9.32K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of December 29, 2023 (the "Merger Agreement"), by and among the Company, Retailco, LLC, a Texas limited liability company ("Parent"), and NuRetailco, LLC, a Delaware limited liability company and wholly-owned subsidiary of Parent ("Merger Sub"), each share of capital stock of Merger Sub was converted into and represent one fully-paid and nonassessable share of Class A Common Stock.
F2 In connection with the transactions under the Merger Agreement, all of the reporting person's shares of Class A Common Stock and Class B Common Stock were conveyed to Parent. Parent is a wholly owned subsidiary of TxEx Energy Investments, LLC.
F3 Each Restricted Stock Unit represented a right to receive, upon vesting, one share of Class A Common Stock, cash, or a combination of both. Each Restricted Stock Unit included tandem dividend equivalents which would vest upon the same schedule as the underlying Restricted Stock Units.
F4 Pursuant to the Merger Agreement, all of the reporting person's Restricted Stock Units were cancelled and extinguished for no consideration.
F5 These Restricted Stock Units were scheduled to vest in full on May 18, 2024.