SIMON JOHN R 4

What Happened

• John R. Simon, EVP, General Counsel and Chief Ethics & Compliance Officer of PG&E Corporation, sold a total of 50,000 shares of PG&E common stock in open‑market transactions. He disposed of 4,393 shares on 2026-02-18 at a weighted average price of $18.01 for $79,118, and 45,607 shares on 2026-02-19 at a weighted average price of $18.00 for $820,926 — total proceeds of $900,044. These were sales (S), not purchases.

Key Details

• Transaction dates & prices:
  • 2026-02-18: 4,393 shares, weighted avg $18.01, proceeds $79,118 (price range $18.00–$18.01; see footnote).
  • 2026-02-19: 45,607 shares, weighted avg $18.00, proceeds $820,926 (price range $18.00–$18.07; see footnote).
• Shares owned after transaction: Not specified in the provided excerpt of the Form 4 (see full filing for total beneficial ownership).
• Notable footnotes:
  • The trades were made pursuant to a prearranged Rule 10b5‑1 trading plan adopted on November 3, 2025 (Footnote F1).
  • Reported prices are weighted averages; the filer can provide the breakdown of individual trade prices within the ranges (Footnotes F2, F3).
  • Footnote F4 describes approximate RSP (retirement plan) holdings and how they're computed; Footnote F5 explains SISOP (phantom stock) holdings and vesting rules.
• Filing timeliness: Report filed on 2026-02-19 for transactions on 2026-02-18 and 02-19 — appears timely under Form 4 rules.

Context

• These sales were executed under a 10b5‑1 plan, which is a prearranged trading program that allows insiders to sell stock at predetermined times; such sales are often routine and do not necessarily indicate a change in the insider’s view of the company. For retail investors, purchases by insiders generally carry stronger signals than planned sales.