CMS Energy (NYSE: CMS) officer sells 1,750 shares at $78.21

Rhea-AI Filing Summary

CMS Energy Corp officer Scott B. McIntosh, VP, Controller and Chief Accounting Officer, reported an open-market sale of 1,750 shares of common stock at $78.205 per share. After this transaction, his directly owned stake stands at 24,223 common shares.

A footnote explains that the reported total holdings include an additional 123 shares acquired automatically through dividend reinvestment or equivalents tied to restricted stock awards under the CMS Performance Incentive Stock Plan.

SEC Form 4

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McIntosh Scott B

(Last) (First) (Middle)

ONE ENERGY PLAZA

(Street)

JACKSON MI 49201

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Controller, CAO

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		S		1,750	D	$78.205	24,223	D(1)

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

Explanation of Responses:

1. The total holdings reflect an adjustment of 123 additional shares of Common Stock of CMS acquired as a result of dividend reinvestment or equivalents pursuant to the Restricted Stock awards granted in accordance with the provisions of the CMS Performance Incentive Stock Plan.

Remarks:

	Rhonda M. Morris, Attny-in-fact	03/04/2026
	** 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 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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FAQ

What insider transaction did CMS (CMS) report for Scott B. McIntosh?

CMS Energy reported that officer Scott B. McIntosh executed an open-market sale of common stock. He sold 1,750 shares, and the transaction was reported on a Form 4 insider trading filing with the SEC for transparency to shareholders.

How many CMS (CMS) shares did Scott B. McIntosh sell and at what price?

Scott B. McIntosh sold 1,750 shares of CMS Energy common stock at a price of $78.205 per share. This was characterized as an open-market or private sale transaction in the Form 4 insider trading disclosure.

How many CMS Energy (CMS) shares does Scott B. McIntosh hold after the sale?

After the reported sale, Scott B. McIntosh directly owns 24,223 shares of CMS Energy common stock. This post-transaction balance incorporates both the shares remaining after the sale and certain additional shares credited through dividend-related adjustments.

What does the dividend reinvestment footnote mean in the CMS (CMS) Form 4?

The footnote states that total holdings include an extra 123 CMS Energy shares gained through dividend reinvestment or equivalents. These arose from restricted stock awards granted under the CMS Performance Incentive Stock Plan and were not part of a separate open-market purchase.

What is Scott B. McIntosh’s role at CMS Energy (CMS) in this Form 4?

In the Form 4, Scott B. McIntosh is identified as an officer of CMS Energy serving as Vice President, Controller and Chief Accounting Officer. The filing reports his personal holdings and an open-market sale of the company’s common stock.

Was the CMS (CMS) insider transaction reported as a direct or indirect holding?

The Form 4 shows the transaction in CMS Energy common stock as a direct holding. Ownership type is coded as “D” for direct, indicating the shares are reported as directly owned by Scott B. McIntosh rather than through an intermediary entity.