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
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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).
1. Name and Address of Reporting Person *
MORGAN CURTIS 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)
CEO
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2022
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 05/20/2022   S   580,246 D $ 25.232 (1) 380,468 D  
Common Stock 05/20/2022   S   30,268 D $ 26.084 (2) 350,200 D  
Common Stock 05/23/2022   M   221,749 A $ 14.03 571,949 D  
Common Stock 05/23/2022   S   221,749 D $ 25.638 (3) 350,200 D  
Common Stock 05/24/2022   M   236,008 A $ 14.03 586,208 D  
Common Stock 05/24/2022   S   236,008 D $ 25.518 (4) 350,293 (5) D  
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 05/23/2022   M   221,749   10/03/2020 (6) 10/11/2026 Common Stock 221,749 $ 0 304,567 D  
2016 Employee stock option (right to buy) $ 14.03 05/24/2022   M   236,008   10/03/2020 (6) 10/11/2026 Common Stock 236,008 $ 0 68,559 (7) D  
Explanation of Responses:
1. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $25.00 to $26.00, 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.
2. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $26.05 to $26.12, inclusive.
3. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $25.50 to $25.84, inclusive.
4. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $25.50 to $25.76, inclusive.
5. The number of securities shown to be beneficially owned following the transaction being reported in this Form 4 reflects an adjustment upward by 93 shares of common stock due to a previous clerical error in calculating the amount of securities beneficially owned in the Form 4 filed on April 11, 2018, which calculation error was also reflected on Forms 4 subsequently filed.
6. The 2016 employee stock options vested in four equal installments beginning on October 3, 2017.
7. The reporting person intends to hold the 68,559 remaining 2016 options that were not exercised in this transaction and also continues to hold 2,323,875 of other options that were granted in 2017, 2018, 2019, and 2020.
/s/ Yuki Whitmire, as Attorney-in-Fact 05/24/2022
** 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).
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