Via Renewables, Inc. — Director's Dealing 2017

May 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Spark Energy, Inc. (SPKE)
CIK: 0001606268
Period of Report: 2017-05-18

Reporting Person: Evans Nick W Jr (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-18	Class A Common Stock	M	2477	—	Acquired	12223	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-18	Restricted Stock Unit	$	A	7475	Acquired		Class A Common Stock (7475.0)	Direct
2017-05-18	Restricted Stock Unit	$	M	3811	Disposed		Class A Common Stock (3811.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	1342	Indirect
Class A Common Stock	9746	Direct

Footnotes

F1: The shares of Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), reported represent shares issued as a result of vesting of 3,811 restricted stock units (the "Restricted Stock Units") on May 18, 2017. Of the 3,811 Restricted Stock Units, 2,477 Restricted Stock Units were settled in shares of Class A Common Stock and 1,334 Restricted Stock Units were cash settled based on the closing price on the date of vesting.

F2: Each Restricted Stock Unit 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 Restricted Stock Unit includes tandem dividend equivalents which will vest upon the same schedule referenced in Footnote 3.

F3: The Restricted Stock Units will vest in full on May 18, 2018. Each of these Restricted Stock Units, and all dividend equivalents, will vest and pay out upon vesting of the underlying award of Restricted Stock Units to which the dividend equivalent payment relates.

F4: Restricted Stock Units convert into Class A Common Stock on a one-for-one basis or may be cash settled in accordance with the Spark Energy Inc. Amended and Restated Long Term Incentive Plan.