[Form 4] Avista Corporation Insider Trading Activity

Rhea-AI Filing Summary

Rebecca A. Klein, a director of Avista Corporation (AVA), received 91 shares of Avista common stock as director compensation. The award was recorded as an acquisition on 09/02/2025 at a per-share price of $36.54, which the filer states is the closing price on August 29, 2025. After the issuance, Ms. Klein beneficially owned 27,360 shares. The filing identifies the shares as part of the director annual retainer and is reported on a Form 4 by a single reporting person.

Positive

• 91 shares issued as director compensation, demonstrating alignment of board incentives with shareholders
• Beneficial ownership reported: the filer now holds 27,360 shares, and the transaction is transparently disclosed on Form 4

Negative

• None.

Insights

Financial Analyst

TL;DR Routine director equity award; modest share issuance unlikely to materially affect capitalization.

The filing documents a customary non-cash director compensation of 91 shares issued at the stated closing market price. The additional shares increase the reporting person's beneficial holdings to 27,360 shares. This appears to be standard board compensation rather than a transaction driven by insider trading motives. There are no indications of option exercises, sales, or large-scale disposition that would materially alter float or signal a major event.

Corporate Governance Expert

TL;DR Governance-normal equity retainer disclosed; transparent reporting consistent with Section 16 obligations.

The Form 4 discloses the issuance clearly, cites that the shares were part of the annual retainer, and provides the price reference for valuation. This is consistent with routine director compensation practices and complies with disclosure rules for beneficial owners. No governance concerns, such as unusual related-party transactions or changes in control, are disclosed.

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

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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)
09/02/2025

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	09/02/2025		A(1)		91(2)	A	$36.54(1)	27,360	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 August 29, 2025.

2. Shares issued as part of the Directors annual retainer.

	/s/Rebecca A. Klein	09/04/2025
	** 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

What transaction did Rebecca A. Klein report on the Form 4 for AVA?

The filing reports an acquisition of 91 shares of Avista common stock issued as director compensation.

At what price were the 91 shares recorded?

The shares are recorded at $36.54 per share, stated as the closing price on August 29, 2025.

How many Avista shares does Rebecca A. Klein beneficially own after the transaction?

Following the reported issuance, she beneficially owns 27,360 shares.

Was this Form 4 filed by multiple reporting persons?

No. The Form 4 indicates it was filed by one reporting person.

Why were the shares issued to Ms. Klein?

The filing states the 91 shares were issued as part of the director's annual retainer.