[Form 4] EXELON CORP Insider Trading Activity

Rhea-AI Filing Summary

Matthew C. Rogers, a director of Exelon Corp (EXC), received 950 deferred stock units on 09/30/2025 at a reported price of $43.43 each. The filing shows these units are held indirectly under the Exelon Corp. Directors Deferred Stock Unit Plan and increase Mr. Rogers' total reported balance to 10,542 units. The balance includes 88 shares acquired via automatic dividend reinvestment. The Form 4 was signed by David T. Skinner as attorney-in-fact on 10/01/2025.

Positive

• 950 deferred stock units acquired on 09/30/2025, increasing reported holdings
• Total post-transaction balance of 10,542 units provides clear disclosure of beneficial ownership
• 88 shares added via automatic dividend reinvestment explicitly disclosed

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received deferred stock units, modestly increasing indirect ownership under the directors' plan.

The Form 4 documents a non-derivative grant of 950 deferred stock units to a director, recorded as an acquisition on 09/30/2025 at $43.43 per unit. Ownership is reported indirectly through the company's Directors Deferred Stock Unit Plan, which is a common method for compensating and aligning directors with shareholder interests. The filing also discloses that 88 shares were added by dividend reinvestment, bringing the total to 10,542 units. This is a routine disclosure with limited direct impact on capital structure or liquidity.

Securities Analyst

TL;DR: Transaction is a routine director compensation event and is informational for insider holdings monitoring.

The entry records a routine acquisition of deferred stock units rather than an open-market purchase or sale. The stated price of $43.43 likely represents the unit valuation for record-keeping; no cash proceeds or open-market trading are implied by the Form 4 text. The increase to 10,542 units, including 88 via dividend reinvestment, clarifies the reporting person’s post-transaction beneficial holding for compliance and investor transparency.

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

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).

1. Name and Address of Reporting Person^*

Rogers Matthew C

(Last) (First) (Middle)

10 S DEARBORN STREET

54TH FLOOR

(Street)

CHICAGO IL 60603

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EXELON CORP [ EXC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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- deferred stock units	09/30/2025		A		950	A	$43.43	10,542(1)	I	By Exelon Corp. Directors Deferred Stock Unit Plan

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. Balance includes 88 additional shares acquired through automatic dividend reinvestment.

Remarks:

	David T Skinner, attorney-in-fact for Matthew C Rogers	10/01/2025
	** 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).
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 did Matthew C. Rogers report on Form 4 for EXC?

He reported the acquisition of 950 deferred stock units on 09/30/2025, at a reported price of $43.43 per unit, held indirectly under the Directors Deferred Stock Unit Plan.

How many Exelon deferred stock units does the reporting person own after the transaction?

The Form 4 shows a post-transaction balance of 10,542 units.

Does the filing show dividend reinvestment for EXC holdings?

Yes. The filing states the balance includes 88 additional shares acquired through automatic dividend reinvestment.

When was the Form 4 signed and by whom?

The signature block shows David T. Skinner, attorney-in-fact for Matthew C. Rogers signed on 10/01/2025.

Is the reported ownership direct or indirect?

Ownership is reported as indirect via the Exelon Corp. Directors Deferred Stock Unit Plan.