Vistra Corp. — Director's Dealing 2025

Oct 16, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vistra Corp. (VST)
CIK: 0001692819
Period of Report: 2025-10-10

Reporting Person: BURKE JAMES A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-10	Common Stock	M	24000	$19.68	Acquired	293368	Direct
2025-10-10	Common Stock	S	19200	$209.76	Disposed	274168	Direct
2025-10-10	Common Stock	S	2164	$208.50	Disposed	272004	Direct
2025-10-13	Common Stock	M	21837	$14.03	Acquired	293841	Direct
2025-10-13	Common Stock	M	22000	$19.68	Acquired	315841	Direct
2025-10-13	Common Stock	G	27893	—	Disposed	287948	Direct
2025-10-13	Common Stock	S	39437	$201.12	Disposed	248511	Direct
2025-10-13	Common Stock	S	1989	$205.29	Disposed	246522	Direct
2025-10-14	Common Stock	M	28163	$14.03	Acquired	274685	Direct
2025-10-14	Common Stock	M	24000	$19.68	Acquired	298685	Direct
2025-10-14	Common Stock	S	19200	$205.68	Disposed	279485	Direct
2025-10-14	Common Stock	S	2170	$204.74	Disposed	277315	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-10-10	2018 Employee Stock Option (right to buy)	$19.68	M	24000	Disposed	2027-04-09	Common Stock (24000)	Direct
2025-10-13	2016 Employee Stock Option (right to buy)	$14.03	M	21837	Disposed	2026-10-11	Common Stock (21837)	Direct
2025-10-13	2018 Employee Stock Option (right to buy)	$19.68	M	22000	Disposed	2027-04-09	Common Stock (22000)	Direct
2025-10-14	2016 Employee Stock Option (right to buy)	$14.03	M	28163	Disposed	2026-10-11	Common Stock (28163)	Direct
2025-10-14	2018 Employee Stock Option (right to buy)	$19.68	M	24000	Disposed	2027-04-09	Common Stock (24000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	701514	Indirect
Common Stock	34000	Indirect
Common Stock	259	Indirect

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2025.

F2: Includes an aggregate of approximately (i) 1,807 shares sold for the cashless exercise of the stock options; and (ii) 6,847 shares sold to pay taxes in connection with the exercise of the stock options.

F3: Includes an aggregate of approximately (i) 452 shares sold for the cashless exercise of the stock options; and (ii) 1,712 shares sold to pay taxes in connection with the exercise of the stock options.

F4: Includes an aggregate of approximately (i) 5,179 shares sold for the cashless exercise of the stock options; and (ii) 24,569 shares sold to pay taxes in connection with the exercise of the stock options.

F5: Includes an aggregate of approximately (i) 423 shares sold for the cashless exercise of the stock options; and (ii) 1,989 shares sold to pay taxes in connection with the exercise of the stock options.

F6: Includes an aggregate of approximately (i) 1,843 shares sold for the cashless exercise of the stock options; and (ii) 6,833 shares sold to pay taxes in connection with the exercise of the stock options.

F7: Includes an aggregate of approximately (i) 462 shares sold for the cashless exercise of the stock options; and (ii) 1,708 shares sold to pay taxes in connection with the exercise of the stock options.

F8: Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $204.15 to $205.12, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

F9: Options vested 50% 4 years from the grant date with the remaining 50% vesting 5 years from the grant date.

F10: Options vested in four equal annual installments beginning October 3, 2017.