Via Renewables, Inc. — Director's Dealing 2015

Dec 2, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Spark Energy, Inc. (SPKE)
CIK: 0001606268
Period of Report: 2015-11-30

Reporting Person: Maxwell W Keith III (Director, 10% Owner)
Reporting Person: NuDevco Partners, LLC (10% Owner)
Reporting Person: NuDevco Partners Holdings, LLC (10% Owner)
Reporting Person: NuDevco Retail Holdings,LLC (10% Owner)
Reporting Person: NuDevco Retail, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-30	Class A Common Stock	P	2500	$18.6988	Acquired	45150	Direct
2015-12-01	Class A Common Stock	P	35200	$17.57	Acquired	80350	Direct

Footnotes

F1: This Form 4 is filed jointly by W. Keith Maxwell III, NuDevco Partners, LLC ("NuDevco Partners"), NuDevco Partners Holdings, LLC ("NuDevco Holdings"), NuDevco Retail, LLC ("NuDevco Retail") and NuDevco Retail Holdings, LLC ("NuDevco Retail Holdings"). Mr. Maxwell is the sole member of NuDevco Partners. NuDevco Partners is the sole member of NuDevco Holdings. NuDevco Holdings is the sole member of NuDevco Retail Holdings. NuDevco Retail Holdings is the sole member of NuDevco Retail. (Continued in footnote 2).

F2: Accordingly, NuDevco Partners, NuDevco Holdings, NuDevco Retail Holdings and NuDevco Retail are direct and indirect wholly owned subsidiaries of Mr. Maxwell, and Mr. Maxwell, NuDevco Partners, NuDevco Holdings, NuDevco Retail Holdings and NuDevco Retail may be deemed to indirectly own the securities of the Issuer directly held by one or more of such other reporting persons, but each disclaims beneficial ownership except to the extent of his or its pecuniary interest therein.

F3: Mr. Maxwell purchased the securities reported above directly.

F4: The price reported in Column 4, is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $17.15 to $18.0961, inclusive. The reporting person undertakes to provide to Spark Energy, Inc., any security holder of Spark Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.