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.