Via Renewables, Inc. — Director's Dealing 2017

Jul 28, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Spark Energy, Inc. (SPKE)
CIK: 0001606268
Period of Report: 2017-07-26

Reporting Person: Maxwell W Keith III (Director, 10% Owner)
Reporting Person: Retailco, LLC (10% Owner)
Reporting Person: TxEx Energy Investments, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-26	Class A Common Stock	S	10524	$21.1066	Disposed	727076	Indirect
2017-07-27	Class A Common Stock	S	8100	$21.1133	Disposed	718976	Indirect
2017-07-28	Class A Common Stock	S	3594	$21.1696	Disposed	715382	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	696180	Direct

Footnotes

F1: The sale reported in this Form 4 was affected pursuant to a Rule 10b5-1 Sales Plan adopted by Retailco, LLC ("Retailco") on June 5, 2017.

F2: The sale of Class A Common Stock reported herein by the reporting person may be matchable under Section 16(b) of the Securities and Exchange Act of 1934, as amended, with the purchase of shares of Class A Common Stock which occurred in the past six months. Prior to this sale, W. Keith Maxwell has agreed to pay Spark Energy, Inc. the full amount of the profit realized in connection with the short-swing transaction as soon as practicable after information is available for the highest sales price and lowest purchase price during the six month period in which this transaction occurs.

F3: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.10 to $21.15, 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.

F4: Held directly by Retailco. Retailco is a wholly owned subsidiary of TxEx Energy Investments, LLC, which is wholly owned by W. Keith Maxwell.

F5: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.15 to $21.20, 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.