Via Renewables, Inc. — Director's Dealing 2016

Jan 20, 2016

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Spark Energy, Inc. (SPKE)
CIK: 0001606268
Period of Report: 2016-01-11

Reporting Person: Retailco, LLC (10% Owner)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock/Spark HoldCo Units	$		Class A Common Stock (10612500)		Indirect

Footnotes

F1: Subject to the terms of the Second Amended and Restated Limited Liability Company Agreement of Spark HoldCo, LLC, the units of Spark HoldCo, LLC (the "Spark HoldCo Units"), together with a corresponding number of shares of Class B Common Stock (the "Class B Common Stock") of Spark Energy, Inc. (the "Issuer") may be exchanged, at any time and from time to time, for Class A Common Stock of the Issuer (or cash at the Issuer or Spark HoldCo's election) at an exchange ratio of one share of Class A Common Stock for each Spark HoldCo Unit (and corresponding share of Class B Common Stock).

F2: The reporting person became the beneficial owner of the securities reported herein through a contribution by TxEx Energy Investments, LLC of 10,612,500 Spark HoldCo Units and 10,612,500 shares of Class B Common Stock pursuant to an internal reorganization. The reporting person is a wholly owned subsidiary of TxEx Energy Investments, LLC.