[Form 4] PG&E Corporation Insider Trading Activity

Rhea-AI Filing Summary

Mark E. Ferguson III, a director of PG&E Corporation, reported a sale of 7,000 shares on 08/11/2025 at $15.15 per share. Following the reported transactions the filing states 41,683 shares are beneficially owned indirectly through the Mark E. Ferguson III Revocable Trust. The filing also records the acquisition of 39.02 restricted stock units on 7/15/2025 under the dividend reinvestment feature of the PG&E Corporation 2021 Long Term Incentive Plan.

The Form 4 indicates the reporting person is a director and the disclosure contains no derivative transactions or additional material items beyond the stock sale and the RSU dividend reinvestment entry.

Positive

• Participation in LTIP: Acquisition of 39.02 RSUs on 7/15/2025 via dividend reinvestment under the 2021 Long Term Incentive Plan
• Substantial indirect holdings retained: Beneficial ownership reported as 41,683 shares held in the Mark E. Ferguson III Revocable Trust

Negative

• Insider sale: Director sold 7,000 shares on 08/11/2025 at $15.15
• No derivative activity reported: Filing contains no hedging or option activity disclosure that might clarify compensation structure

Insights

Securities Analyst

TL;DR Routine director sale of 7,000 shares reported; modest continued participation via dividend reinvestment.

The Form 4 documents a 7,000-share disposition at $15.15 and shows beneficial ownership of 41,683 shares held indirectly. The filing also notes the acquisition of 39.02 RSUs via dividend reinvestment. From a trading-impact perspective this is a routine Section 16 disclosure of an insider sale and a small equity grant conversion; it does not include derivatives or other complex transactions.

Corporate Governance Expert

TL;DR Insider sale disclosed, with continued indirect ownership through a revocable trust and a small RSU reinvestment.

The reporting person is identified as a director and the beneficial ownership is held indirectly by a named revocable trust. The filing is limited to a common stock sale and a trustee-held position augmented by 39.02 RSUs from dividend reinvestment. These items are governance-relevant for transparency but do not, by themselves, indicate changes to board composition or governance arrangements.

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
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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).

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^*

FERGUSON III MARK E

(Last) (First) (Middle)

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

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								20,329.89(1)	D
Common Stock	08/11/2025		S		7,000	D	$15.15	41,683	I	Held by Mark E. Ferguson III Revocable Trust

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 total reflects the acquisition of 39.02 Restricted Stock Units on 7/15/2025 pursuant to a dividend reinvestment feature of the PG&E Corporation 2021 Long Term Incentive Plan.

Remarks:

	/s/ J. Ellen Conti, attorney-in-fact for Mark E. Ferguson III (signed power of attorney on file with SEC)	08/13/2025
	** 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 transaction did Mark E. Ferguson III report on this Form 4 for PCG?

The filing reports a sale of 7,000 shares on 08/11/2025 at a price of $15.15 per share.

How many PG&E shares does Mark E. Ferguson III beneficially own after the reported transaction?

The Form 4 states beneficial ownership of 41,683 shares held indirectly through the Mark E. Ferguson III Revocable Trust.

Did the filing record any restricted stock units or dividend reinvestment activity?

Yes. The filing explains the acquisition of 39.02 Restricted Stock Units on 7/15/2025 pursuant to a dividend reinvestment feature of the 2021 Long Term Incentive Plan.

What is the reporting person's relationship to PG&E (PCG)?

The Form 4 identifies the reporting person as a director of PG&E Corporation.

Was the Form 4 filed by a single reporting person and who signed the filing?

The filing indicates it was filed by one reporting person and is signed by J. Ellen Conti as attorney-in-fact for Mark E. Ferguson III.