[Form 4] NRG Energy, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Liyanearachchi Dak, Executive Vice President and Chief Technology Officer of NRG Energy, reported the sale of 10,672 shares of NRG common stock on 09/10/2025 at a weighted average price of $155 per share. The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on 05/28/2025 and were effected in multiple trades; the filer offers to provide trade-by-trade details upon request.

After the reported sale, the reporting person beneficially owned 48,571 shares. The Form 4 indicates the transaction code "S" (sale) and lists the reporting person as an officer of the issuer.

Positive

• Sale executed under a Rule 10b5-1 trading plan, indicating pre-established compliance procedures
• Transparent disclosure including weighted average sale price and offer to provide trade-level details
• Filer identified role (Exec VP, Chief Technology Officer), improving clarity on insider status

Negative

• Reduction in beneficial ownership by 10,672 shares (reported sale)
• Potential perception risk from an officer selling shares, though executed under a 10b5-1 plan

Insights

Securities Analyst

TL;DR: Officer sold 10,672 NRG shares under a 10b5-1 plan; remaining beneficial ownership is 48,571 shares.

The reported transaction is a routine insider sale recorded under a pre-established Rule 10b5-1 plan, which generally reduces concerns about opportunistic timing. The sale size (10,672 shares) and the residual holding (48,571 shares) are explicitly disclosed, and the filer states the sales were executed in multiple trades at a weighted average price of $155. From a market-impact perspective, the disclosure improves transparency but, standing alone, does not indicate material corporate developments or changes to business fundamentals.

Corporate Governance Expert

TL;DR: Transaction follows a documented 10b5-1 trading plan, reflecting adherence to insider-trading governance controls.

Filing shows the officer adopted a Rule 10b5-1 plan on 05/28/2025 and executed sales under that plan on 09/10/2025. The explicit statement that trades occurred in multiple executions and the offer to provide trade-level detail on request are consistent with strong disclosure practice. This form does not disclose any related-party transactions, changes in role, or other governance issues; it is a transparent record of a permitted insider sale.

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).

X

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^*

Liyanearachchi Dak

(Last) (First) (Middle)

804 CARNEGIE CENTER

(Street)

PRINCETON NJ 08540

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NRG ENERGY, INC. [ NRG ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Exec VP, Chief Technology Ofc.

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

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, par value $.01 per share	09/10/2025		S		10,672(1)	D	$155	48,571	D

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. This transaction was executed in multiple trades. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 28, 2025.

	Christine Zoino, by Power of Attorney	09/11/2025
	** 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 NRG insider Liyanearachchi Dak report on Form 4?

The filing reports the sale of 10,672 shares of NRG common stock on 09/10/2025 at a weighted average price of $155 per share.

Was the sale executed under a 10b5-1 trading plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on 05/28/2025.

How many NRG shares does the reporting person own after the sale?

After the reported transaction the reporting person beneficially owned 48,571 shares.

What transaction code is shown on the Form 4?

The transaction is reported with code "S", indicating a sale of securities.

Did the filer provide detailed trade prices for each execution?

The Form 4 reports a weighted average sale price of $155 and states the transaction was executed in multiple trades; the filer offers to provide trade-by-trade details upon request.