Via Renewables, Inc. — Director's Dealing 2016

May 20, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Spark Energy, Inc. (SPKE)
CIK: 0001606268
Period of Report: 2016-05-18

Reporting Person: Melman Gil (Vice President General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-18	Class A Common Stock	M	2715	—	Acquired	12041	Direct
2016-05-18	Class A Common Stock	F	745	$29.915	Disposed	11296	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-18	Restricted Stock Unit	$	M	2715	Disposed		Class A Common Stock (2715.0)	Direct
2016-05-18	Restricted Stock Unit	$	A	10000	Acquired		Class A Common Stock (10000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	9326	Direct

Footnotes

F1: The shares of Class A Common Stock reported represent shares issued as a result of vesting of 2.715 Restricted Stock Units ("RSU") on May 18, 2016.

F2: Payment for tax liability through the withholding of shares of Spark Energy, Inc. Class A Common Stock, par value $0.01 per share, vesting on May 18, 2016 in an amount equal to the requisite withholding obligation.

F3: Vesting price is based on the closing price of common stock on May 18, 2016, pursuant to the Spark Energy, Inc. Long Term Incentive Plan.

F4: Each RSU represents a right to receive, upon vesting, one share of Class A Common Stock of Spark Energy, Inc., cash, or a combination of both. Each RSU includes tandem dividend equivalents which will vest upon the same schedule referenced in footnote 5.

F5: The RSUs will vest ratably over four years commencing May 18, 2017.