Form 4: Via Renewables COO Sells Shares and Restricted Stock Units in Merger Transaction

Chief Operating Officer Paul Konikowski sold shares and restricted stock units of Via Renewables, Inc. at $11.00 per share as part of a merger agreement.

Summary

• Paul Konikowski, the Chief Operating Officer of Via Renewables, Inc., reported the sale of Class A Common Stock and cancellation of Restricted Stock Units (RSUs) on June 13, 2024.
• The transactions were executed pursuant to the Agreement and Plan of Merger dated December 29, 2023.
• Konikowski sold 5,447 shares of Class A Common Stock at $11.00 per share.
• Additionally, 12,920 Restricted Stock Units were cancelled and converted into $11.00 per RSU.
• Following the reported transactions, Konikowski no longer beneficially owns any Class A Common Stock or Restricted Stock Units directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to a merger. There are no indications of positive or negative implications beyond the completion of the merger.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the merger transaction.

Industry Context

This announcement reflects the completion of a merger transaction, which is a common occurrence in the corporate world. The sale of shares and cancellation of RSUs by an officer are standard procedures following such events.

Key Dates

Keywords

Via Renewables, Konikowski, Merger, Class A Common Stock, Restricted Stock Units, Sale, Officer, Form 4