[Form 4] Vistra Corp. Insider Trading Activity

Rhea-AI Filing Summary

Vistra Corp. (VST) reported insider transactions by its President and CEO, who is also a director. On 11/11/2025, he gifted 27,893 shares, exercised 21,935 options at $14.03, and sold 21,935 shares at $186.53 under a Rule 10b5-1 plan adopted on June 12, 2025. The sale included approximately 3,805 shares for cashless exercise and 18,130 shares to cover taxes. On 11/12/2025, he exercised an additional 28,065 options at $14.03.

Following these transactions, direct holdings were 299,139 shares. Indirect holdings included 701,514 shares via JAMEB, LP, 34,000 shares via the James A. Burke 2012 Irrevocable Trust, and 259 shares via the Marti E. Burke 2012 Irrevocable Trust. Remaining options reported were 50,001.

Insider Trade Summary

Net Seller: 21,935 shares ($4,091,536)

Net Sell 9 txns

Insider BURKE JAMES A

Role President and CEO

Sold 21,935 shs ($4.09M)

Type	Security	Shares	Price	Value
Exercise	2016 Employee Stock Option (right to buy)	28,065	$0.00	--
Exercise	Common Stock	28,065	$14.03	$394K
Exercise	2016 Employee Stock Option (right to buy)	21,935	$0.00	--
Gift	Common Stock	27,893	$0.00	--
Exercise	Common Stock	21,935	$14.03	$308K
Sale	Common Stock	21,935	$186.53	$4.09M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: 2016 Employee Stock Option (right to buy) — 50,001 shares (Direct); Common Stock — 299,139 shares (Direct); Common Stock — 701,514 shares (Indirect, By JAMEB, LP, a limited partnership jointly owned by Reporting Person and his spouse)

Footnotes (1)

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2025. Includes an aggregate of approximately (i) 3,805 shares sold for the cashless exercise of the stock options; and (ii) 18,130 shares sold to pay taxes in connection with the exercise of the stock options. Options vested in four equal annual installments beginning October 3, 2017.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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

X

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^*

BURKE JAMES A

(Last) (First) (Middle)

6555 SIERRA DRIVE

(Street)

IRVING TX 75039

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Vistra Corp. [ VST ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2025

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	11/11/2025		G(1)		27,893	D	$0	271,074	D
Common Stock	11/11/2025		M(1)		21,935	A	$14.03	293,009	D
Common Stock	11/11/2025		S(1)		21,935	D	$186.53(2)	271,074	D
Common Stock	11/12/2025		M(1)		28,065	A	$14.03	299,139	D
Common Stock								701,514	I	By JAMEB, LP, a limited partnership jointly owned by Reporting Person and his spouse
Common Stock								34,000	I	By the James A. Burke 2012 Irrevocable Trust, dated 12/03/2012
Common Stock								259	I	By the Marti E. Burke 2012 Irrevocable Trust, dated 10/16/2012

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
2016 Employee Stock Option (right to buy)	$14.03	11/11/2025		M(1)			21,935	(3)	10/11/2026	Common Stock	21,935	$0	78,066	D
2016 Employee Stock Option (right to buy)	$14.03	11/12/2025		M(1)			28,065	(3)	10/11/2026	Common Stock	28,065	$0	50,001	D

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2025.

2. Includes an aggregate of approximately (i) 3,805 shares sold for the cashless exercise of the stock options; and (ii) 18,130 shares sold to pay taxes in connection with the exercise of the stock options.

3. Options vested in four equal annual installments beginning October 3, 2017.

Remarks:

	/s/ Daniela Gutierrez, as Attorney-in-Fact	11/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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