[Form 4] EXELON CORP Insider Trading Activity

Rhea-AI Filing Summary

David G. DeWalt, an Exelon Corp. director, reported an acquisition of 950 deferred stock units on 09/30/2025 at a reported price of $43.43 per unit. Following the transaction, Mr. DeWalt beneficially owned 2,145 units indirectly through the Exelon Corp. Directors Deferred Stock Unit Plan. The reported balance includes 11 additional shares acquired via automatic dividend reinvestment. The Form 4 was executed by David T. Skinner as attorney-in-fact and dated 10/01/2025.

Positive

• Director acquired 950 deferred stock units, showing continued participation in the company's director compensation plan
• Beneficial ownership increased to 2,145 units, including automatic dividend reinvestment of 11 shares

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A director made a modest purchase of deferred stock units, increasing indirect beneficial ownership to 2,145 units.

This Form 4 discloses a routine director acquisition under the companys director deferred compensation plan rather than an open-market purchase. The transaction is recorded as an acquisition of 950 deferred stock units at $43.43 each, and the holdings are held indirectly via the directors' plan. From a governance perspective, director participation in company compensation plans is common and aligns board members with shareholder interests; the filing contains no disclosures of sales, hedging, or change in control events.

Securities/Compliance Analyst

TL;DR: Filing shows a compliant, timely Form 4 reporting a directors deferred unit acquisition through plan mechanics.

The Form 4 properly identifies the reporting person, issuer ticker (EXC), transaction date (09/30/2025), nature of the transaction (Code A acquisition), quantity (950 deferred stock units), price ($43.43), and resulting indirect beneficial ownership (2,145 units). The explanation notes 11 additional shares from dividend reinvestment. The signature was provided by an attorney-in-fact on 10/01/2025, satisfying execution disclosure. There are no indications of reporting errors or missing mandatory fields in the provided content.

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^*

DEWALT DAVID G

(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	2,145(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 11 additional shares acquired through automatic dividend reinvestment.

Remarks:

	David T Skinner, attorney-in-fact for David G. DeWalt	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 EXC director David G. DeWalt report on Form 4?

He reported acquiring 950 deferred stock units on 09/30/2025 at a price of $43.43, resulting in indirect beneficial ownership of 2,145 units.

When was the transaction and when was the Form 4 signed?

Transaction date: 09/30/2025. Form executed: signed by attorney-in-fact David T. Skinner on 10/01/2025.

Is the reported ownership direct or indirect for EXC Form 4?

The ownership is indirect through the Exelon Corp. Directors Deferred Stock Unit Plan.

Does the filing disclose dividend reinvestment?

Yes; the balance includes 11 additional shares acquired via automatic dividend reinvestment.

What transaction code is used on the Form 4?

Transaction Code A (acquisition) is used for the reported deferred stock units.