Rubric Capital Management LP - 13 Dec 2024 Form 4 Insider Report for Talen Energy Corp (TLN)

Role: 10%+ Owner
Signature: Rubric Capital Management LP, By: /s/ Michael Nachmani, its Chief Operating Officer
Issuer symbol: TLN
Transactions as of: 13 Dec 2024
Net transactions value: -$999,999,900
Form type: 4
Filing time: 16 Dec 2024, 16:00:14 UTC
Previous filing: 09 Jul 2024
Next filing: 27 Jun 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TLN	Common Stock, par value $0.001 per share ("Common Stock")	Sale	$999,999,900	-4,893,507	-43%	$204.35	6,475,107	13 Dec 2024	See footnote	F1
transaction	TLN	Common Stock	Other		-351,607	-5.4%		6,123,500	13 Dec 2024	See footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	This Form 4 is filed by Rubric Capital Management LP ("Rubric Capital") and Mr. David Rosen, with respect to the securities held by certain funds and/or accounts (collectively, the "Rubric Vehicles"). Rubric Capital serves as the investment adviser to the Rubric Vehicles. Mr. David Rosen serves as the Managing Member of Rubric Capital Management GP, LLC, the general partner of Rubric Capital. The filing of this statement shall not be deemed an admission that any Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.
F2	This transaction represents a pro-rata in-kind distribution to limited partners for no consideration.

Content

This Form 4 is filed by Rubric Capital Management LP ("Rubric Capital") and Mr. David Rosen, with respect to the securities held by certain funds and/or accounts (collectively, the "Rubric Vehicles"). Rubric Capital serves as the investment adviser to the Rubric Vehicles. Mr. David Rosen serves as the Managing Member of Rubric Capital Management GP, LLC, the general partner of Rubric Capital. The filing of this statement shall not be deemed an admission that any Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

This transaction represents a pro-rata in-kind distribution to limited partners for no consideration.