VST insider files Form 144 for 21,371 shares after option exercise

Rhea-AI Filing Summary

Form 144 filed for Vistra Corp. (VST) reporting a proposed sale of 21,371 common shares through Fidelity Brokerage with an aggregate market value of $4,355,909.13, intended for sale on 09/24/2025 on the NYSE. The filing shows the shares were acquired on 09/24/2025 upon exercise of options granted 10/11/2016 (19,200 shares) and 04/09/2018 (2,171 shares), with cash payment reported. The issuer has 338,820,324 shares outstanding, per the filing. The notice lists multiple sales by the same person, James A. Burke, across 09/10–09/23/2025 totaling repeated daily dispositions with gross proceeds shown for each trade.

Positive

• Filing compliance: Form 144 properly discloses the proposed sale details and the origin of the shares (options), supporting regulatory transparency
• Source disclosed: Shares to be sold were acquired via options granted in 2016 and 2018, with cash payment indicated

Negative

• Frequent recent sales: Multiple sales by James A. Burke between 09/10/2025 and 09/23/2025 are listed, indicating substantial near-term dispositions
• Missing relationship detail: The filer’s relationship to the issuer is not specified in the provided content

Insights

Securities Analyst

TL;DR: Routine Rule 144 insider sale and option exercise disclosed; notable for multiple near-term dispositions but no additional company details.

The filing documents a planned sale of 21,371 common shares by an insider via Fidelity on 09/24/2025, arising from exercised options granted in 2016 and 2018. The filing includes a sequence of prior sales by the same individual from 09/10/2025 to 09/23/2025 with gross proceeds reported per trade. This is a standard Form 144 disclosure showing compliance with Rule 144 sale requirements and providing transparency on source of securities (option exercises) and cash payment method.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 reporting standards; repeated insider sales are material to monitor but filing contains no adverse statements.

The submission identifies the seller (James A. Burke) and lists multiple recent sales and the proposed sale tied to option exercises. It affirms the signatory's representation regarding non-possession of material nonpublic information. The form does not disclose the filer’s relationship to the issuer or any trading plan adoption date; no governance violations or disclaimers are presented in the document itself.

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	21371	4355909.13	338820324	09/24/2025	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	09/24/2025	Options Granted - 10/11/2016	Issuer			19200	09/24/2025	Cash
Common	09/24/2025	Options Granted - 04/09/2018	Issuer			2171	09/24/2025	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
James A. Burke 6555 Sierra Drive Irving TX 75039	Common	09/12/2025	21374	4335603.72
James A. Burke 6555 Sierra Drive Irving TX 75039	Common	09/15/2025	21362	4481773.62
James A. Burke 6555 Sierra Drive Irving TX 75039	Common	09/16/2025	21358	4565882.26
James A. Burke 6555 Sierra Drive Irving TX 75039	Common	09/17/2025	21361	4540506.03
James A. Burke 6555 Sierra Drive Irving TX 75039	Common	09/18/2025	21366	4554708.26
James A. Burke 6555 Sierra Drive Irving TX 75039	Common	09/19/2025	21360	4517570.62
James A. Burke 6555 Sierra Drive Irving TX 75039	Common	09/22/2025	21362	4503715.06
James A. Burke 6555 Sierra Drive Irving TX 75039	Common	09/23/2025	21360	4490151.57

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 does the Form 144 for Vistra Corp. (VST) report?

The form reports a proposed sale of 21,371 common shares with aggregate market value of $4,355,909.13, intended to be sold on 09/24/2025 on the NYSE.

Who is the seller named in the filing?

The filing lists sales by James A. Burke (address shown) in the recent transactions section and indicates the proposed sale is through Fidelity Brokerage Services LLC.

How were the shares being sold acquired?

The shares were acquired upon exercise of options: 19,200 from options granted 10/11/2016 and 2,171 from options granted 04/09/2018, with cash payment on 09/24/2025.

What recent sales by the same person are disclosed?

The filing lists prior sales by James A. Burke on dates from 09/10/2025 to 09/23/2025, with individual share amounts and gross proceeds for each trade.

How many shares does the issuer have outstanding according to the filing?

The filing reports 338,820,324 shares outstanding.