STOCK TITAN

Clearway Energy, Inc. (NYSE: CWEN) notes 217-share forfeiture by TotalEnergies

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Entities affiliated with TotalEnergies SE reported an indirect acquisition of 217 shares of Clearway Energy, Inc. Class C common stock on 2026-07-31, reflecting the forfeiture of restricted stock previously granted by Clearway Energy Group under its Long Term Equity Incentive Program. Following this adjustment, 77,292 shares are held indirectly through Clearway Energy Group and related investment vehicles, with the reporting entities deemed beneficial owners only to the extent of their pecuniary interest and characterized as directors by deputization.

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Insider TotalEnergies SE, TotalEnergies Gestion USA SARL, TotalEnergies Holdings USA, Inc., TotalEnergies Delaware, Inc., TotalEnergies Renewables USA, LLC
Role Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner
Type Security Shares Price Value
Other Class C Common Stock F1, F2, F3 217 -- --
Holdings After Transaction: Class C Common Stock — 77,292 shares (Indirect, See footnotes)
Footnotes (3)
  1. F1. Reflects the forfeiture of shares of restricted stock of Clearway Energy, Inc. previously granted by Clearway Energy Group LLC ("Clearway Energy Group") under its Long Term Equity Incentive Program to one or more of its employees.
  2. F2. The securities reported herein are held directly by Clearway Energy Group. GIP III Zephyr Acquisition Partners, L.P. ("Zephyr") is the sole member of Clearway Energy Group. Zephyr Holdings GP, LLC ("Zephyr GP") is the general partner of Zephyr.
  3. F3. TotalEnergies Renewables USA, LLC holds 50% of the equity interests in Zephyr GP. TotalEnergies Holdings USA, Inc. is the sole shareholder of TotalEnergies Delaware, Inc., which is the sole member of TotalEnergies Renewables USA, LLC. TotalEnergies Gestion USA SARL, which is a direct wholly owned subsidiary of TotalEnergies SE, is the sole shareholder of TotalEnergies Holdings USA, Inc. Each of the foregoing entities is a "Reporting Person" and may be deemed to beneficially own the securities reported herein; however, each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. Solely for purposes of Section 16 of the Exchange Act, each Reporting Person may be deemed a "director by deputization".
Restructuring transaction size 217.0000 shares Class C common stock adjusted via forfeiture on 2026-07-31
Indirect holdings after transaction 77292.0000 shares Class C common stock held indirectly following the adjustment
Equity stake in Zephyr GP 50% equity interests TotalEnergies Renewables USA, LLC holds 50% of equity interests in Zephyr GP
restricted stock financial
"Reflects the forfeiture of shares of restricted stock of Clearway Energy, Inc."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Long Term Equity Incentive Program financial
"previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program"
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest"
beneficially own financial
"may be deemed to beneficially own the securities reported herein"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
director by deputization regulatory
"Solely for purposes of Section 16 of the Exchange Act, each Reporting Person may be deemed a "director by deputization""

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FAQ

How many CWEN shares were affected and what is the new indirect holding?

The event involved 217 shares of Clearway Energy, Inc. Class C common stock, with indirect holdings reported at 77,292 shares after the transaction. These shares are held directly by Clearway Energy Group, with TotalEnergies-affiliated entities reporting indirect beneficial ownership through their upstream interests.

Was the CWEN transaction by TotalEnergies a market purchase or sale?

No market purchase or sale occurred. The event is coded as transaction type "J" (other acquisition or disposition) and reflects forfeited restricted stock originally granted under Clearway Energy Group's Long Term Equity Incentive Program, rather than an open-market trade at a stated price.

Who directly holds the Clearway Energy (CWEN) shares reported in this Form 4?

The securities are held directly by Clearway Energy Group LLC, which owns the reported Class C common stock. GIP III Zephyr Acquisition Partners, L.P. is the sole member of Clearway Energy Group, and Zephyr Holdings GP, LLC is Zephyr's general partner, with TotalEnergies entities holding upstream interests.

Do the TotalEnergies entities claim full beneficial ownership of the CWEN shares?

Each TotalEnergies-affiliated reporting person may be deemed to beneficially own the reported securities through its upstream interests, but each disclaims beneficial ownership except to the extent of its pecuniary interest. For Section 16 purposes, they are characterized as "directors by deputization."

Was the CWEN transaction reported as executed under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox was not selected, so the transaction is not affirmatively identified as made under such a plan. No footnote references any pre-arranged trading plan; the event is linked instead to restricted stock forfeiture within an internal incentive program.
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
TotalEnergies SE

(Last)(First)(Middle)
2, PLACE JEAN MILLIER
LA DEFENSE 6

(Street)
COURBEVOIE92400

(City)(State)(Zip)

FRANCE

(Country)
2. Issuer Name and Ticker or Trading Symbol
Clearway Energy, Inc. [ CWEN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class C Common Stock07/31/2026J(1)217A(1)77,292ISee footnotes(2)(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
TotalEnergies SE

(Last)(First)(Middle)
2, PLACE JEAN MILLIER
LA DEFENSE 6

(Street)
COURBEVOIE92400

(City)(State)(Zip)

FRANCE

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
TotalEnergies Gestion USA SARL

(Last)(First)(Middle)
2, PLACE JEAN MILLIER
LA DEFENSE 6

(Street)
COURBEVOIE92400

(City)(State)(Zip)

FRANCE

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
TotalEnergies Holdings USA, Inc.

(Last)(First)(Middle)
1201 LOUISIANA ST. SUITE 1800

(Street)
HOUSTON TEXAS 77002

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
TotalEnergies Delaware, Inc.

(Last)(First)(Middle)
1201 LOUISIANA ST. SUITE 1800

(Street)
HOUSTON TEXAS 77002

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
TotalEnergies Renewables USA, LLC

(Last)(First)(Middle)
1201 LOUISIANA ST. SUITE 1800

(Street)
HOUSTON TEXAS 77002

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. Reflects the forfeiture of shares of restricted stock of Clearway Energy, Inc. previously granted by Clearway Energy Group LLC ("Clearway Energy Group") under its Long Term Equity Incentive Program to one or more of its employees.
2. The securities reported herein are held directly by Clearway Energy Group. GIP III Zephyr Acquisition Partners, L.P. ("Zephyr") is the sole member of Clearway Energy Group. Zephyr Holdings GP, LLC ("Zephyr GP") is the general partner of Zephyr.
3. TotalEnergies Renewables USA, LLC holds 50% of the equity interests in Zephyr GP. TotalEnergies Holdings USA, Inc. is the sole shareholder of TotalEnergies Delaware, Inc., which is the sole member of TotalEnergies Renewables USA, LLC. TotalEnergies Gestion USA SARL, which is a direct wholly owned subsidiary of TotalEnergies SE, is the sole shareholder of TotalEnergies Holdings USA, Inc. Each of the foregoing entities is a "Reporting Person" and may be deemed to beneficially own the securities reported herein; however, each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. Solely for purposes of Section 16 of the Exchange Act, each Reporting Person may be deemed a "director by deputization".
TOTALENERGIES SE By: /s/ Marine Delaitre Name: Marine Delaitre Title: Authorized Signatory08/04/2026
TOTALENERGIES GESTION USA SARL By: /s/ Agathe Rozenbaum-Rameix Name: Agathe Rozenbaum-Rameix Title: General Manager08/04/2026
TOTALENERGIES HOLDINGS USA, INC. By: /s/ Ha C. Yi Name: Ha C. Yi Title: Assistant Secretary08/04/2026
TOTALENERGIES DELAWARE, INC. By: /s/ Ha C. Yi Name: Ha C. Yi Title: Secretary08/04/2026
TOTALENERGIES RENEWABLES USA, LLC By: /s/ Ha C. Yi Name: Ha C. Yi Title: Secretary08/04/2026
** Signature of Reporting PersonDate
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).
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.
* Form 4: SEC 1474 (03-26)