Insider trade

10% owner sold ~$2.35B of NRG shares in the open market

Traded Mar 4, 2026 · Filed Mar 4, 2026

NRG EnergyNRG

~$2.35B
Reported value · 14.3M sh @ $164.00: 6.65M
Holds after · shares reported: -40.7%
stock since the trade · S&P 500 +11.5%, $163.54 → $96.93 on Oct 1

Why it stands out

A big owner of NRG Energy sold $2.35B of NRG Energy shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Mar 4, 2026
Reporting period: Not applicable
Filed with the SEC: Mar 4, 2026

10% ownerIndirect holding$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$2,345,200,000

Shares × reported transaction price

Timing vs results

8 days after results of Feb 24, 2026, 63 days before results of May 6, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $163.54 on Mar 4, 2026, 96% above its 52-week low and 11% below its high, after a 10% rise over the previous 30 trading days

52-week range $83.61 (Apr 4, 2025) to $184.03 (Feb 24, 2026), 80% of the way up, from 251 adjusted closes. 30 trading days earlier: $148.91 on Jan 20, 2026. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	-5.2%	-2.2%	-3.0%
30 days	-6.6%	-3.3%	-3.4%
90 days	-16.6%	+10.7%	-27.3%
180 days	-31.8%	+11.8%	-43.6%

Past results only. Not a forecast.

Source receipt

Record ID: 0001104659-26-023624
Filed / recorded: Mar 4, 2026, 11:50 PM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: NRG ENERGY, INC.
Issuer CIK: 1013871
Ticker: NRG
Reporting person: Nanus David
Relationship: 10% owner
Security: Common stock, par value $0.01 per share
Table: Non-derivative (Table I)
Transaction date: Mar 4, 2026
Transaction code: S
Shares / units: 14,300,000
Price per share: $164.00
Acquired / disposed: Disposed (D)
Shares owned after: 6,650,000
Ownership form: Indirect — See Footnotes
Amendment: No

Footnotes from the filing

These shares were sold by Lightning Power Holdings, LLC, Thunder Generation LLC, and CCS Power Holdings, LLC (the Selling Stockholders) pursuant to an underwriting agreement dated March 2. 2026, among the Selling Stockholders, the Issuer, Barclays Capital Inc. and Citibank Global Markets Inc., at a price per share of $164, before underwriting discounts and commissions (the Secondary Offering). The Secondary Offering closed on March 4, 2026.
3,782,093, 799,282, and 239,356 shares are held directly by Lightning Power Holdings, LLC, Thunder Generation LLC, and CCS Power Holdings, LLC, respectively. The investment advisor to the LS Power entities who may be deemed to beneficially own the securities held by the Selling Stockholders is LS Power Equity Advisors, LLC (LSP Advisors). The reporting person is the President of LSP Advisors.
The reporting person, through his position, relationship and/or affiliation with the LS Power entities, may have shared voting and investment power with respect to the shares beneficially owned by the LS Power entities. As such, the reporting person may be deemed to have or share beneficial ownership of the shares beneficially owned by the LS Power entities. The reporting person disclaims beneficial ownership of such shares.