Rubric Capital Management LP - Dec 13, 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
Stock symbol
TLN
Transactions as of
Dec 13, 2024
Transactions value $
-$999,999,900
Form type
4
Date filed
12/16/2024, 04:00 PM
Previous filing
Jul 9, 2024

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 -$1B -4.89M -43.04% $204.35 6.48M Dec 13, 2024 See footnote F1
transaction TLN Common Stock Other -352K -5.43% 6.12M Dec 13, 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.