PG&E Fire Victim Trust - Apr 14, 2022 Form 4 Insider Report for PG&E Corp (PCG)

Role: 10%+ Owner
Signature: PG&E Fire Victim Trust, by: /s/ Hon. John K. Trotter (Ret.), Trustee
Stock symbol: PCG
Transactions as of: Apr 14, 2022
Transactions value $: -$722,400,000
Form type: 4
Date filed: 4/18/2022, 04:26 PM
Previous filing: Feb 2, 2022
Next filing: Oct 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PCG	Common Stock	Sale	-$722M	-60M	-13.71%	$12.04	378M	Apr 14, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares of common stock (the "Common Stock") of PG&E Corporation (the "Issuer") reported herein are held directly by the PG&E Fire Victim Trust (the "Trust"). The Hon. John K. Trotter (Ret.) serves as the trustee (the "Trustee") of the Trust and, solely in such capacity, may be deemed to have beneficial ownership in the shares of Common Stock held by the Trust. The Trustee has no pecuniary interest in the shares of Common Stock held by the Trust and specifically disclaims beneficial ownership of such shares.
F2	Pursuant to the Issuer's Plan of Reorganization (the "Plan"), effective as of July 1, 2020 (the "Effective Date"), in certain circumstances the Issuer is required to issue additional shares of Common Stock to the Trust if, after the Effective Date, the Issuer issues additional shares of Common Stock pursuant to the Plan. The number of additional shares to be issued to the Trust is determined such that the Trust would have owned 22.19% of the outstanding Common Stock (as calculated pursuant to the Plan), assuming that any such additional issuances had occurred on the Effective Date.

Content

The shares of common stock (the "Common Stock") of PG&E Corporation (the "Issuer") reported herein are held directly by the PG&E Fire Victim Trust (the "Trust"). The Hon. John K. Trotter (Ret.) serves as the trustee (the "Trustee") of the Trust and, solely in such capacity, may be deemed to have beneficial ownership in the shares of Common Stock held by the Trust. The Trustee has no pecuniary interest in the shares of Common Stock held by the Trust and specifically disclaims beneficial ownership of such shares.

Pursuant to the Issuer's Plan of Reorganization (the "Plan"), effective as of July 1, 2020 (the "Effective Date"), in certain circumstances the Issuer is required to issue additional shares of Common Stock to the Trust if, after the Effective Date, the Issuer issues additional shares of Common Stock pursuant to the Plan. The number of additional shares to be issued to the Trust is determined such that the Trust would have owned 22.19% of the outstanding Common Stock (as calculated pursuant to the Plan), assuming that any such additional issuances had occurred on the Effective Date.