[144] Vistra Corp. SEC Filing

Rhea-AI Filing Summary

Vistra Corp. Form 144 summary: This Form 144 notifies proposed sales of 21,374 common shares held by a person associated with Vistra (VST). The shares are to be sold through Fidelity Brokerage Services LLC on the NYSE with an aggregate market value of $4,335,603.70 and an approximate sale date of 09/12/2025. The shares reported as to be sold were acquired on the same date by exercise of options originally granted on 10/11/2016 (19,200 shares) and 04/09/2018 (2,174 shares), with cash payment reported. The filer also reported recent sales by the same person of 19,592 shares on 09/10/2025 for $3,933,635.75 and 43,074 shares on 09/11/2025 for $8,991,625.77.

Positive

• Compliance disclosure filed as LIVE and includes broker, exchange, acquisition dates, and payment method.
• Acquisition method disclosed: shares were acquired via option grants dated 10/11/2016 and 04/09/2018, with payment in cash.

Negative

• Large insider selling activity: recent reported sales total 62,666 shares for approximately $12.9 million in gross proceeds.
• Additional proposed sale of 21,374 shares valued at $4,335,603.70 scheduled for 09/12/2025 may further increase insider share disposals.

Insights

Securities Analyst

TL;DR: Insider has executed and is proposing large option-based share sales over consecutive days, producing multi-million dollar proceeds.

The filing documents option exercises and immediate disposition through a broker on the NYSE. The notice quantifies the proposed sale (21,374 shares; $4.34M) and discloses two prior recent sales totaling 62,666 shares and roughly $12.9M in gross proceeds. From a securities-transaction perspective, this is a routine Rule 144 disclosure of a registered-person sale after option exercise, but the magnitude and timing of consecutive transactions are material to shareholders monitoring insider liquidity. The filing includes acquisition dates and payment method (cash) consistent with standard reporting requirements.

Corporate Governance Expert

TL;DR: Proper Rule 144 notice filed showing option-originated holdings and sequential sell orders; procedural compliance is evident.

The form identifies the broker, exchange, class of security, acquisition via options (2016 and 2018 grants), and certifies no undisclosed material adverse information. The disclosure of recent sales on 09/10/2025 and 09/11/2025 provides a clear history of dispositions required for aggregation under Rule 144. The statement attesting to the absence of undisclosed material information and the inclusion of transaction details indicate the filer followed the intended compliance process for insider sales.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	21374	4335603.70	338820324	09/12/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/12/2025	Option Granted - 10/11/2016	Issuer			19200	09/12/2025	Cash
Common	09/12/2025	Option Granted - 04/09/2018	Issuer			2174	09/12/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
James A. Burke 6555 Sierra Drive Irving TX 75039	Common	09/10/2025	19592	3933635.75
James A. Burke 6555 Sierra Drive Irving TX 75039	Common	09/11/2025	43074	8991625.77

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What is the amount and value of the proposed sale in Vistra's Form 144 (VST)?

The notice proposes sale of 21,374 common shares with an aggregate market value of $4,335,603.70.

Through which broker and exchange will the VST shares be sold?

The shares are to be sold via Fidelity Brokerage Services LLC on the NYSE.

How were the shares to be sold acquired according to the filing?

The filing shows the shares were acquired by option exercises: 19,200 shares from an option granted 10/11/2016 and 2,174 shares from an option granted 04/09/2018, with cash payment on 09/12/2025.

Did the filer report recent sales before the proposed 09/12/2025 sale?

Yes. The filer reported selling 19,592 shares on 09/10/2025 for $3,933,635.75 and 43,074 shares on 09/11/2025 for $8,991,625.77.

Does the Form 144 include any representation about material undisclosed information?

Yes. The signer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.