Via Renewables, Inc. — Director's Dealing 2016

May 6, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Spark Energy, Inc. (SPKE)
CIK: 0001606268
Period of Report: 2016-05-04

Reporting Person: Hodges Georganne (Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-04	Class A Common Stock	M	5139	—	Acquired	5139	Direct
2016-05-04	Class A Common Stock	F	1941	$25.87	Disposed	3198	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-04	Restricted Stock Unit	$	M	5139	Disposed		Class A Common Stock (5139.0)	Direct

Footnotes

F1: Payment for tax liability by delivery of Class A Common Stock incident to the vesting on May 4, 2016.

F2: Vesting price is based on the closing price of common stock on May 4, 2016, pursuant to the Spark Energy, Inc. Long Term Incentive Plan.

F3: Each restricted stock unit ("RSU") represents a right to receive, upon vesting, one share of Class A Common Stock, par value $0.01 per share (the "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 and pays out upon vesting and payout of the underlying award of RSUs to which the dividend equivalent payment relates.