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PG&E Corp (NYSE: PCG) CEO trust sells 31,250 shares in 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

PG&E Corp Chief Executive Officer Patricia K. Poppe, through the Patricia K. Poppe Revocable Living Trust, reported an open-market sale of 31,250 shares of common stock at a weighted average price of $17.90 per share. The sale was executed under a Rule 10b5-1(c) trading plan adopted on November 4, 2025. Following this transaction, the trust held 1,863,960 indirect shares, and Poppe also reported 216,921 shares held directly of PG&E Corp common stock.

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Negative

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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*
Poppe Patricia K

(Last) (First) (Middle)
C/O PG&E CORPORATION
300 LAKESIDE DRIVE

(Street)
OAKLAND CA 94612

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PG&E Corp [ PCG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026
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 02/18/2026 S 31,250(1) D $17.9(2) 1,863,960 I Held by Patricia K. Poppe Revocable Living Trust
Common Stock 216,921 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. The reported transaction occurred pursuant to a trading plan intended to comply with Rule 10b5-1(c) and adopted on November 4, 2025.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.79 to $18.07, inclusive. The reporting person undertakes to provide to PG&E Corporation, any security holder of PG&E Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.
Remarks:
/s/ Koyo Konishi, attorney-in-fact for Patricia K. Poppe (Signed Power of Attorney on file with SEC) 02/18/2026
** 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).
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 PG&E Corp (PCG) CEO Patricia K. Poppe report in this Form 4?

Patricia K. Poppe reported an indirect open-market sale of PG&E Corp common stock. The sale involved 31,250 shares held by her revocable living trust, reflecting planned share disposition while she continues to hold a substantial indirect and direct ownership position in the company.

How many PG&E Corp (PCG) shares were sold and at what price?

The trust sold 31,250 PG&E Corp common shares at a weighted average price of $17.90. According to the disclosure, individual trades occurred between $17.79 and $18.07 per share, with the weighted average summarizing multiple executed transactions on the same date.

Who actually held the PG&E Corp (PCG) shares sold in this transaction?

The shares were held by the Patricia K. Poppe Revocable Living Trust. While Poppe is the reporting person and PG&E Corp’s CEO, the Form 4 specifies that the 31,250 common shares sold were owned indirectly through this revocable living trust structure.

Was the PG&E Corp (PCG) stock sale under a Rule 10b5-1 trading plan?

Yes, the sale was executed under a Rule 10b5-1(c) trading plan. The filing notes the plan was adopted on November 4, 2025, indicating the sale followed a pre-established schedule designed to help avoid concerns about trading on material nonpublic information.

How many PG&E Corp (PCG) shares does Patricia K. Poppe hold after the sale?

After the sale, the trust held 1,863,960 shares, and Poppe held 216,921 shares directly. These figures show her remaining indirect and direct ownership stakes in PG&E Corp common stock as reported in the Form 4 following the disclosed transaction.

What price range did the PG&E Corp (PCG) shares sell within on the transaction date?

The shares were sold in multiple trades between $17.79 and $18.07 per share. The Form 4 reports a weighted average sale price of $17.90 and notes that detailed breakouts by individual trade price are available upon request from the company or regulators.
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