Vistra (VST) CEO exercises 22,011 options, sells 20,473 shares

Vistra Corp. (VST) Form 4: President and CEO James A. Burke exercised 22,011 stock options at $19.68 and sold 20,473 shares at a weighted-average price of $203.64 on 10/27/2025 under a Rule 10b5-1 plan adopted June 12, 2025.

Rhea-AI Filing Summary

Vistra Corp. (VST) Form 4: President and CEO James A. Burke exercised 22,011 stock options at $19.68 and sold 20,473 shares at a weighted-average price of $203.64 on 10/27/2025 under a Rule 10b5-1 plan adopted June 12, 2025.

Following these transactions, he directly owned 298,967 shares. Indirect holdings were 701,514 shares by JAMEB, LP; 34,000 by the James A. Burke 2012 Irrevocable Trust; and 259 by the Marti E. Burke 2012 Irrevocable Trust. The sale includes 2,134 shares for cashless exercise and 7,826 to pay taxes. Remaining derivative securities beneficially owned were 9,641 options.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 6 txns

Insider BURKE JAMES A

Role President and CEO

Sold 20,473 shs ($4.17M)

Approx. gross sale proceeds $4.17M

Approx. exercise cost $433K

Type	Security	Shares	Price	Value
Exercise	2018 Employee Stock Option (right to buy)	22,011	$0.00	$0.00
Exercise	Common Stock	22,011	$19.68	$433K
Sale	Common Stock	20,473	$203.64	$4.17M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: 2018 Employee Stock Option (right to buy) — 9,641 contracts (Direct); Common Stock — 298,967 shares (Direct); Common Stock — 701,514 shares (Indirect, By JAMEB, LP, a limited partnership jointly owned by Reporting Person and his spouse); Common Stock — 34,000 shares (Indirect, By the James A. Burke 2012 Irrevocable Trust, dated 12/03/2012); Common Stock — 259 shares (Indirect, By the Marti E. Burke 2012 Irrevocable Trust, dated 10/16/2012)

Footnotes (4)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2025.
2. F2. Includes an aggregate of approximately (i) 2,134 shares sold for the cashless exercise of the stock options; and (ii) 7,826 shares sold to pay taxes in connection with the exercise of the stock options.
3. F3. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $203.274 to $203.66, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
4. F4. Options vested 50% 4 years from the grant date with the remaining 50% vesting 5 years from the grant date.

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Accepted by SEC EDGAR 10/29/2025 - 07:06 PM Learn about SEC filing dates

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)
10/27/2025

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	10/27/2025		M(1)		22,011	A	$19.68	319,440	D
Common Stock	10/27/2025		S(1)		20,473(2)	D	$203.64(3)	298,967	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
2018 Employee Stock Option (right to buy)	$19.68	10/27/2025		M(1)			22,011	(4)	04/09/2027	Common Stock	22,011	$0	9,641	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) 2,134 shares sold for the cashless exercise of the stock options; and (ii) 7,826 shares sold to pay taxes in connection with the exercise of the stock options.

3. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $203.274 to $203.66, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

4. Options vested 50% 4 years from the grant date with the remaining 50% vesting 5 years from the grant date.

Remarks:

	/s/ Daniela Gutierrez, as Attorney-in-Fact	10/29/2025
	** 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.
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