CMS Energy (CMS) director files Form 3 showing zero share ownership

Rhea-AI Filing Summary

CMS Energy Corp director Richard Patrick Keyes filed an initial Form 3 reporting his beneficial ownership in the company. The filing shows he holds no shares of CMS Energy common stock and no depositary shares representing 4.2% Perpetual Preferred Stock, Series C, with total holdings reported as 0.0000 for each security.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Keyes Richard Patrick

Role Director

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--
holding	Depositary Shares - 4.2% Perpetual Preferred Stock, Series C	--	--	--

Holdings After Transaction: Common Stock — 0 shares (Direct); Depositary Shares - 4.2% Perpetual Preferred Stock, Series C — 0 shares (Direct)

Footnotes (1)

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Keyes Richard Patrick

(Last) (First) (Middle)

ONE ENERGY PLAZA

(Street)

JACKSON MI 49201

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/20/2026

3. Issuer Name and Ticker or Trading Symbol
CMS ENERGY CORP [ CMS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	0	D
Depositary Shares - 4.2% Perpetual Preferred Stock, Series C	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

The Power of Attorney is attached at Exhibit 24. No securities are beneficially owned.

	Rhonda M. Morris, Attny-in-fact	02/23/2026
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the CMS Form 3 filing by Richard Patrick Keyes report for CMS?

The Form 3 filing reports that director Richard Patrick Keyes currently holds no shares of CMS Energy common stock or related preferred depositary shares. It establishes his initial beneficial ownership position as zero for both security types as of the reported date.

Who is the reporting person in the CMS Energy (CMS) Form 3 filing?

The reporting person is Richard Patrick Keyes, identified as a director of CMS Energy Corp. The filing lists him as a board member, with no officer role and no status as a ten percent owner in the company’s securities.

What common stock position does Richard Patrick Keyes report in CMS Energy?

Richard Patrick Keyes reports total beneficial ownership of 0.0000 shares of CMS Energy common stock. This means his initial ownership statement to regulators indicates no currently held common shares in the company under direct beneficial ownership.

Does the CMS director hold any CMS preferred stock depositary shares?

No. The Form 3 shows total holdings of 0.0000 depositary shares representing CMS Energy’s 4.2% Perpetual Preferred Stock, Series C. This confirms he reports no beneficial ownership in that preferred security at the time of the filing.

Is the Keyes Form 3 for CMS Energy a buy or sell transaction?

The Form 3 does not show buy or sell activity. It is an initial statement of beneficial ownership where all reported CMS Energy common and preferred depositary share balances are listed as 0.0000, with no transaction prices or share amounts disclosed.