Constellation Energy Officer Andrew Novotny Files Form 144 to Sell $2.6M via Rule 10b5-1 Plan

Executive Summary

On September 17, 2026, Andrew Novotny, an officer at Constellation Energy Corp ($CEG), filed a Form 144 notice disclosing an intention to sell 9,909 shares of common stock through Goldman Sachs & Co. LLC. The estimated aggregate market value of the proposed transaction is $2,604,085.20, representing an implied share price of approximately $262.80.

Key Details & Context

• Rule 10b5-1 Plan: The filing confirms the sale is being conducted in accordance with a pre-arranged Rule 10b5-1 trading plan adopted on May 18, 2026. This indicates the sale timing and quantity were pre-scheduled rather than driven by discretionary short-term market timing.
• Origin of Shares: The 9,909 shares were originally acquired on January 7, 2026, directly from the issuer as consideration in connection with a merger or acquisition.
• Recent Selling Activity: Over the preceding three months, related sales were reported under Andrew & Eloise Novotny TenCom on August 21, 2026, involving two blocks of 9,912 shares ($2,719,116.34) and 9,913 shares ($2,701,477.87).
• Market Impact: With Constellation Energy reporting 354,307,379 shares outstanding, this proposed sale constitutes a negligible fraction (<0.003%) of total shares outstanding, resulting in minimal market impact.