[Form 4] Avista Corporation Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing – Avista Corporation (AVA) reports that director Rebecca A. Klein received 329 shares of common stock on 07/01/2025. The shares were issued as part of the company’s quarterly director compensation program, with the price based on the $37.95 closing price on 06/30/2025. Following the award, Klein’s direct beneficial ownership stands at 27,269 shares. No derivative securities were involved and the transaction was not an open-market purchase; it represents equity taken in lieu of cash fees, reinforcing equity alignment between the director and shareholders.

Positive

• Director increased equity stake, enhancing alignment with shareholders.
• Transaction was part of compensation program, illustrating governance practice of equity-based director pay.

Negative

• Small transaction size (≈$12.5k) limits market significance.
• Not an open-market purchase; therefore provides limited insight into insider sentiment.

Insights

Securities Analyst

TL;DR—Routine director stock award; minor size, neutral market impact.

This Form 4 reflects a standard quarterly equity retainer, not an opportunistic buy. The 329-share grant (~$12.5k) is immaterial to AVA’s float and market cap, but modestly enhances ownership alignment. Because no cash was exchanged and the award is pre-scheduled, it offers limited signalling value. I view the disclosure as neutral for valuation and liquidity.

Corporate Governance Expert

TL;DR—Equity compensation supports governance best practices, but impact remains marginal.

Using stock instead of cash for board fees ties director incentives to long-term performance, consistent with governance guidelines. However, the incremental ownership increase (<1% of Klein’s holdings) does not materially shift control or introduce takeover concerns. Overall, the filing signals ongoing commitment to shareholder alignment without triggering red flags.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KLEIN REBECCA A

(Last) (First) (Middle)

1411 E MISSION AVE

(Street)

SPOKANE WA 99202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AVISTA CORP [ AVA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/01/2025		A(1)		329(2)	A	$37.95(1)	27,269	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares issued as an award of stock for Director Compensation. The price per share is the closing price on June 30, 2025.

2. Shares issued as part of the Directors quarterly retainer (stock chosen as payment vs cash).

	/s/Rebecca A. Klein	07/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Avista (AVA) shares did director Rebecca Klein acquire?

She received 329 shares of common stock.

What was the transaction price for the shares?

The price reference was the $37.95 closing price on 06/30/2025.

What is Rebecca Klein’s total ownership after the award?

Her direct beneficial ownership is now 27,269 shares.

Was this an open-market purchase or compensation grant?

It was a stock compensation grant for quarterly director fees, not an open-market buy.

Does the filing involve any derivative securities?

No, no derivative securities were acquired or disposed.