Maxwell W Keith III 4
4 · Via Renewables, Inc. · Filed Jun 17, 2024
Insider Transaction Report
Form 4
Maxwell W Keith III
Director10% Owner
Transactions
- Disposition to Issuer
Class A Common Stock
2024-06-13+2,533,205→ 3,323,329 total(indirect: By LLC) - Disposition to Issuer
Restricted Stock Unit
2024-06-13−9,317→ 0 total→ Class A Common Stock (9,317 underlying)
Footnotes (5)
- [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.