Clay Barbara 4
4 · Via Renewables, Inc. · Filed May 22, 2023
Insider Transaction Report
Form 4
Clay Barbara
Acting General Counsel and Sec
Transactions
- Exercise/Conversion
Class A Common Stock
2023-05-18+1,716→ 4,960 total - Exercise/Conversion
Restricted Stock Unit
2023-05-18−1,716→ 5,147 total→ Class A Common Stock (1,716 underlying)
Footnotes (3)
- [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 1,716 restricted stock units (the "Restricted Stock Units") on May 18, 2023. All share counts of Class A Common Stock (and Restricted Stock Units) reported in this Form 4 have been adjusted to reflect the Issuer's 1 for 5 reverse stock split effected on March 21, 2023.
- [F2]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.
- [F3]These Restricted Stock Units vest ratably over four years beginning on May 18 in the year following the grant.