PG&E EVP Santos sells 158,250 shares under plan

PG&E Corp executive Marlene Santos, EVP, Enterprise Transformation, sold 158,250 shares of common stock on 2026-07-22 at a weighted average price of about $18.00 per share, in multiple trades between $18.00 and $18.01.

Rhea-AI Filing Summary

PG&E Corp executive Marlene Santos, EVP, Enterprise Transformation, sold 158,250 shares of common stock on 2026-07-22 at a weighted average price of about $18.00 per share, in multiple trades between $18.00 and $18.01. The sale occurred under a trading plan intended to comply with Rule 10b5-1(c) adopted on 3/11/2026. After this transaction, she directly holds 230,885 PG&E Corp shares.

Insider Trade Summary 10b5-1

Net Seller: 158,250 shares

Net Sell 1 txn

Insider Santos Marlene

Role Insider

Sold 158,250 shs ($2.85M)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	158,250	$18.00	$2.85M

Holdings After Transaction: Common Stock — 230,885 shares (Direct)

Footnotes (2)

1. F1. The reported transaction occurred pursuant to a trading plan intended to comply with Rule 10b5-1(c) and adopted on 3/11/2026.
2. F2. The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.01, inclusive. For all transactions reported in this Form 4 utilizing a weighted average share price, the reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the ranges.

Key Figures

Shares sold: 158250 shares Weighted average sale price: $18.00 per share Sale price range: $18.00–$18.01 per share +2 more

5 metrics

Shares sold 158250 shares Common stock sale on 2026-07-22 by EVP Marlene Santos

Weighted average sale price $18.00 per share Price reported in Column 4 as weighted average

Sale price range $18.00–$18.01 per share Multiple transactions executed within this price range

Shares owned after transaction 230885 shares Direct holdings of Marlene Santos following the sale

Rule 10b5-1 plan adoption date 3/11/2026 Date the trading plan intended to comply with Rule 10b5-1(c) was adopted

Key Terms

Rule 10b5-1(c), weighted average price, trading plan, open market or private transaction

4 terms

Rule 10b5-1(c) regulatory

"trading plan intended to comply with Rule 10b5-1(c) and adopted on 3/11/2026"

Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.

weighted average price financial

"The price reported on Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

trading plan financial

"reported transaction occurred pursuant to a trading plan intended to comply with Rule 10b5-1(c)"

A trading plan is a written set of rules an investor follows about what to buy or sell, when to enter and exit positions, and how much risk to accept—like a travel itinerary that maps the route, stops, and budget before a trip. It matters because it helps remove emotional decisions during market swings, enforces discipline, and makes performance easier to review and improve, reducing the chance of costly impulsive moves.

open market or private transaction financial

"transaction code description: Sale in open market or private transaction"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PG&E Corp (PCG) executive Marlene Santos report?

Marlene Santos reported a sale of PG&E Corp common stock. On 2026-07-22 she sold 158,250 shares of PG&E Corp common stock in open market or private transactions at a weighted average price of about $18.00 per share.

How many PG&E Corp (PCG) shares did Marlene Santos sell and at what price?

She sold 158,250 shares of PG&E Corp common stock. The reported price is a weighted average of $18.00 per share, with the individual trade prices ranging from $18.00 to $18.01, inclusive, across multiple transactions.

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

Yes, the sale was executed under a trading plan intended to comply with Rule 10b5-1(c). The footnote states the plan was adopted on 3/11/2026, and the trade under this pre-arranged plan occurred on 2026-07-22.

How many PG&E Corp (PCG) shares does Marlene Santos own after the reported sale?

Following the transaction, Marlene Santos directly holds 230,885 shares of PG&E Corp common stock. This post-transaction holding reflects her remaining direct ownership after selling 158,250 shares in the reported Rule 10b5-1 trading plan transaction.

What was the transaction date for Marlene Santos’ PG&E Corp (PCG) stock sale?

The reported sale took place on 2026-07-22. On that date, under her Rule 10b5-1 trading plan, Marlene Santos executed multiple sale transactions in PG&E Corp common stock at prices ranging from $18.00 to $18.01 per share.

What type of transaction code is shown in Marlene Santos’ PG&E Corp (PCG) filing?

The transaction is coded "S", described as a sale in open market or private transaction. This indicates a disposition of shares, rather than an option exercise, grant, or gift, and is reported as a non-derivative common stock transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/24/2026 - 04:15 PM EDT Learn about SEC filing dates

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^*

Santos Marlene

(Last) (First) (Middle)

C/O PG&E CORPORATION

300 LAKESIDE DRIVE

(Street)

OAKLAND CALIFORNIA 94612

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PG&E Corp [ PCG ]

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

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			EVP, Enterprise Transformation

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/22/2026		S		158,250(1)	D	$18(2)	230,885	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 3/11/2026.

2. The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.01, inclusive. For all transactions reported in this Form 4 utilizing a weighted average share price, the reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the ranges.

Remarks:

	/s/ Koyo Konish, attorney-in-fact for Marlene M. Santos (Signed Power of Attorney on file with SEC)	07/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)