0001606268-20-000116 4 1 20201215 20201217 20201217 Clay Barbara 0001824354 4 34 001-36559 201394732 C/O GOOD COUNSEL SERVICES, LLC 111 FARMS ROAD STAMFORD CT 06903 Spark Energy, Inc. 0001606268 4931 465453215 DE 1231 12140 WICKCHESTER LANE SUITE 100 HOUSTON TX 77079 (713) 600-2600 12140 WICKCHESTER LANE SUITE 100 HOUSTON TX 77079 4 1 wf-form4_160822374661280.xml FORM 4 X0306 4 2020-12-15 0 0001606268 Spark Energy, Inc. SPKE 0001824354 Clay Barbara C/O GOOD COUNSEL SERVICES, LLC 111 FARMS ROAD STAMFORD CT 06903 0 1 0 0 Acting General Counsel and Sec Restricted Stock Unit 2020-12-15 4 A 0 534 9.33 A Class A Common Stock 534.0 28034 D Each restricted stock unit ("Restricted Stock Unit") represents a right to receive, upon vesting, one share of Class A Common Stock, par value $0.01 per share (the "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 as the underlying Restricted Stock Unit. These Restricted Stock Units accrued on outstanding Restricted Stock Units held by the reporting person as a result of a dividend equivalent payment made to the holder when the Company paid its most recent quarterly dividend on the Class A Common Stock. These Restricted Stock Units vest 50% on May 18, 2021 and 50% on May 18, 2022. The price is based on the closing price on Tuesday, December 1, 2020. Balance includes original grants of Restricted Stock Units and dividend equivalents issued in additional Restricted Stock Units. Barbara Clay, by Dominique Colvard, Attorney-in-Fact 2020-12-17