PG&E Fire Victim Trust - 09 Jan 2023 Form 4 Insider Report for PG&E Corp (PCG)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
11 Jan 2023, 15:19:03 UTC
Prior SEC filing
14 Dec 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
PG&E Fire Victim Trust, by: /s/ Cathy Yanni

Key filing fact

PG&E Fire Victim Trust filed Form 4 for PG&E Corp (PCG) on 11 Jan 2023.

Key facts

  • This page summarizes PG&E Fire Victim Trust's Form 4 filing for PG&E Corp (PCG).
  • 1 reported transaction and 0 derivative rows are listed below.
  • Accepted by SEC: 11 Jan 2023, 15:19.

Change

  • Previous filing in this sequence was filed on 14 Dec 2022.
  • Current net transaction value: -$915,600,000.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PCG transaction

Common Stock

Sale

Transaction value
$915,600,000
Shares
-60,000,000
Change %
-24%
Price
$15.26
Shares after
187,743,590
Date
09 Jan 2023
Ownership
Direct
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

PG&E Fire Victim Trust is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote 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"). Cathy Yanni 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.

Footnote 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.

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