0001606268-15-000023 4 1 20150316 20150316 20150316 Spark Energy, Inc. 0001606268 4931 465453215 DE 1231 2105 CITYWEST BLVD. SUITE 100 HOUSTON TX 77042 (713) 600-2600 2105 CITYWEST BLVD. SUITE 100 HOUSTON TX 77042 Kroeker Nathan 0001613718 4 34 001-36559 15704367 2105 CITYWEST BLVD. SUITE 100 HOUSTON TX 77042 4 1 wf-form4_142654413681884.xml FORM 4 X0306 4 2015-03-16 0 0001606268 Spark Energy, Inc. SPKE 0001613718 Kroeker Nathan 2105 CITYWEST BLVD., SUITE 100 HOUSTON TX 77042 1 1 0 0 President & CEO Restricted Stock Unit 2015-03-16 4 A 0 1288 14.31 A Class A Common Stock 1288.0 52146 D Each restricted stock unit ("RSU") represents a right to receive, upon vesting, one share of Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), of Spark Energy, Inc., cash, or a combination of both. Each RSU includes tandem dividend equivalents which will vest upon the same schedule referenced in Footnote 2. Each of these RSUs vests and pays out upon vesting and payout of the underlying award of RSUs to which the dividend equivalent payment relates. These RSUs accrued on outstanding RSUs held by reporting person as a result of a dividend equivalent payment made to the holder when the Company paid its most recent quarterly dividend on the Class A Common Stock. Balance includes original grants of RSUs and dividend equivalents issued in additional RSUs. /s/ Nathan Kroeker, by Gil Melman as Attorney-in-Fact 2015-03-16