[144] CMS Energy Corporation SEC Filing

Rhea-AI Filing Summary

Form 144 filed by CMS Energy insider for proposed sale of common stock. The filing notifies intent to sell 2,221 shares via Wells Fargo Securities on the NYSE on 09/02/2025 with an aggregate market value of $162,199.63. The shares to be sold represent a small fraction of the company’s 299,335,461 outstanding shares. The notices list the acquisition dates and amounts for the shares offered, showing most shares were the result of vesting under CMS Energy’s Performance Incentive Stock Plan in 2024 and multiple dividend reinvestments through 2025. Two recent sales in June 2025 totaling 1,437 shares with combined gross proceeds of $99,917.12 are disclosed. The filer affirms no undisclosed material information.

Insights

Securities Analyst

TL;DR: Routine insider sale notice; size immaterial relative to shares outstanding and reflects vested awards and dividend reinvestment.

The filing provides transparent disclosure of a proposed sale of 2,221 common shares with a stated market value of $162,199.63 on 09/02/2025. Acquisition history shows the majority of these shares originated from 2024 vested performance awards and periodic dividend reinvestment, indicating they are not recent open-market purchases or external issuances. Recent prior sales of 716 and 721 shares in June 2025 generated gross proceeds of $49,837.25 and $50,079.87 respectively. Given the small proportion of outstanding shares, the transaction appears immaterial to CMS Energy’s capital structure.

Corporate Governance Expert

TL;DR: Filing meets Rule 144 disclosure norms; affirms representation of no undisclosed material information.

The Form 144 includes required seller and acquisition details, broker identification, and prior recent sales, consistent with compliance expectations for Rule 144 notices. The seller signs the statutory attestation regarding knowledge of material information and possible trading plans. The disclosure of acquisition dates and types (vesting and dividend reinvestment) aids stakeholders in assessing the nature of the holdings being offered for sale and supports governance transparency.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Wells Fargo Securities 375 Park Avenue New York NY 10152	2221	162199.63	299335461	09/02/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	01/22/2024	Vested stock awarded under CMS Energy's Performance Incentive Stock Plan	CMS Energy Corporation			578	01/22/2024	N.A
Common Stock	03/22/2024	Vested stock awarded under CMS Energy's Performance Incentive Stock Plan	CMS Energy Corporation			1454	03/22/2024	N.A
Common Stock	05/31/2024	Dividend reinvestment	CMS Energy Corporation			23	05/31/2024	N.A
Common Stock	08/30/2024	Dividend reinvestment	CMS Energy Corporation			65	08/30/2024	N.A
Common Stock	11/27/2024	Dividend reinvestment	CMS Energy Coproation			35	11/27/2024	N.A
Common Stock	03/03/2025	Dividend reinvestment	CMS Energy Corporation			36	03/03/2025	N.A
Common Stock	05/30/2025	Dividend reinvestment	CMS Energy Corporation			28	05/30/2025	N.A
Common Stock	09/02/2025	Dividend reinvestment	CMS Energy Corporation			2	09/02/2025	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Lauren Snyder One Energy Plaza Jackson MI 49201	Common Stock	06/09/2025	716	49837.25
Lauren Snyder One Energy Plaza Jackson MI 49201	Common Stock	06/30/2025	721	50079.87

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)