[Form 4] Vistra Corp. Insider Trading Activity

Rhea-AI Filing Summary

Vistra Corp. (VST) CEO James A. Burke filed a Form 4 reporting option exercises and open‑market sales executed under a Rule 10b5-1 trading plan adopted on June 12, 2025.

On 10/23/2025 and 10/24/2025, he exercised 22,000 options each day at an exercise price of $19.68 per share from 2018 employee stock options expiring 04/09/2027. He sold 17,600 shares on 10/23/2025 at $187.25, 2,013 shares on 10/23/2025 at $186, and 19,600 shares on 10/24/2025 at a weighted‑average price of $196.46.

Certain sale amounts included shares sold for cashless exercise and to pay taxes in connection with the option exercises, as noted in the footnotes. Following the reported transactions, direct beneficial ownership shown in the table was 297,429 shares. Indirect holdings included 701,514 shares by JAMEB, LP, 34,000 shares by the James A. Burke 2012 Irrevocable Trust, and 259 shares by the Marti E. Burke 2012 Irrevocable Trust.

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).

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)
10/23/2025

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	10/23/2025		M(1)		22,000	A	$19.68	314,642	D
Common Stock	10/23/2025		S(1)		17,600(2)	D	$187.25	297,042	D
Common Stock	10/23/2025		S(1)		2,013(3)	D	$186	295,029	D
Common Stock	10/24/2025		M(1)		22,000	A	$19.68	317,029	D
Common Stock	10/24/2025		S(1)		19,600(4)	D	$196.46(5)	297,429	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	10/23/2025		M(1)			22,000	(6)	04/09/2027	Common Stock	22,000	$0	53,652	D
2018 Employee Stock Option (right to buy)	$19.68	10/24/2025		M(1)			22,000	(6)	04/09/2027	Common Stock	22,000	$0	31,652	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) 1,856 shares sold for the cashless exercise of the stock options; and (ii) 6,198 shares sold to pay taxes in connection with the exercise of the stock options.

3. Includes an aggregate of approximately (i) 463 shares sold for the cashless exercise of the stock options; and (ii) 1,550 shares sold to pay taxes in connection with the exercise of the stock options.

4. Includes an aggregate of approximately (i) 2,211 shares sold for the cashless exercise of the stock options; and (ii) 7,790 shares sold to pay taxes in connection with the exercise of the stock options.

5. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $196.131 to $196.50, 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.

6. 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	10/27/2025
	** 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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