Rubric Capital Management LP's Form 4 filing
Talen Energy CorpTLN · filed Jun 27, 2025
- Accession no.
- 0000902664-25-002832
- Filed
- Jun 27, 2025, 6:45 PM ET
- Trade date
- Jun 25-27, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 22 non-derivative transactions. Open-market sales total $114.1M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Rubric Capital Management LPCIK 0001687509 | 10% Owner |
| Rosen David EfraimCIK 0001898677 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 25, 2025 | Common Stock, par value $0.001 per share ("Common Stock") | SSaleDisposed | −44,343 | $288.55F3 | −$12,795,066.23 | 6,079,157 | Indirect | |
| Jun 25, 2025 | Common Stock | SSaleDisposed | −6,429 | $289.25F4 | −$1,859,564.46 | 6,072,728 | Indirect | |
| Jun 25, 2025 | Common Stock | SSaleDisposed | −200 | $290.49 | −$58,098 | 6,072,528 | Indirect | |
| Jun 25, 2025 | Common Stock | SSaleDisposed | −16,759 | $292.50F5 | −$4,901,970.63 | 6,055,769 | Indirect | |
| Jun 25, 2025 | Common Stock | SSaleDisposed | −21,552 | $293.63F6 | −$6,328,242.64 | 6,034,217 | Indirect | |
| Jun 25, 2025 | Common Stock | SSaleDisposed | −13,973 | $294.47F7 | −$4,114,646.08 | 6,020,244 | Indirect | |
| Jun 25, 2025 | Common Stock | SSaleDisposed | −4,957 | $295.18F8 | −$1,463,190.41 | 6,015,287 | Indirect | |
| Jun 25, 2025 | Common Stock | SSaleDisposed | −100 | $297.14 | −$29,714 | 6,015,187 | Indirect | |
| Jun 26, 2025 | Common Stock | SSaleDisposed | −1,321 | $289.46F9 | −$382,375.6 | 6,013,866 | Indirect | |
| Jun 26, 2025 | Common Stock | SSaleDisposed | −18,927 | $290.19F10 | −$5,492,354.21 | 5,994,939 | Indirect | |
| Jun 26, 2025 | Common Stock | SSaleDisposed | −15,824 | $291.08F11 | −$4,606,113.22 | 5,979,115 | Indirect | |
| Jun 26, 2025 | Common Stock | SSaleDisposed | −33,121 | $292.19F12 | −$9,677,519 | 5,945,994 | Indirect | |
| Jun 26, 2025 | Common Stock | SSaleDisposed | −32,924 | $293.34F13 | −$9,658,051.27 | 5,913,070 | Indirect | |
| Jun 26, 2025 | Common Stock | SSaleDisposed | −100 | $294.00 | −$29,400 | 5,912,970 | Indirect | |
| Jun 27, 2025 | Common Stock | SSaleDisposed | −7,950 | $292.82F14 | −$2,327,905.49 | 5,905,020 | Indirect | |
| Jun 27, 2025 | Common Stock | SSaleDisposed | −2,365 | $293.34F15 | −$693,740.35 | 5,902,655 | Indirect | |
| Jun 27, 2025 | Common Stock | SSaleDisposed | −12,290 | $294.65F16 | −$3,621,303.81 | 5,890,365 | Indirect | |
| Jun 27, 2025 | Common Stock | SSaleDisposed | −51,810 | $295.62F17 | −$15,316,284.62 | 5,838,555 | Indirect | |
| Jun 27, 2025 | Common Stock | SSaleDisposed | −76,545 | $296.38F18 | −$22,686,261.66 | 5,762,010 | Indirect | |
| Jun 27, 2025 | Common Stock | SSaleDisposed | −25,903 | $297.70F19 | −$7,711,203.95 | 5,736,107 | Indirect | |
| Jun 27, 2025 | Common Stock | SSaleDisposed | −1,137 | $298.14F20 | −$338,983.93 | 5,734,970 | Indirect | |
| Jun 27, 2025 | Common Stock | JOtherDisposed | −1,281,839 | –F21 | – | 4,453,131 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $288 to $289, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $289.01 to $289.86, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292 to $292.93, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F6
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.08 to $294.08, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F7
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $294.09 to $295.09, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F8
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.12 to $295.37, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F9
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $288.82 to $289.72, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F10
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $289.825 to $290.785, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F11
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $290.89 to $291.635, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F12
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.91 to $292.9, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F13
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.94 to $293.89, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F14
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.00 to $292.985, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F15
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.01 to $294.00, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F16
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $294.02 to $295.02, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F17
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.025 to $296.02, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F18
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $296.03 to $297.03, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F19
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.05 to $298.05, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F20
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.08 to $298.205, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Referenced by the price of 1 transaction in Table I.
- F21
This transaction represents a pro-rata in-kind distribution to limited partners for no consideration (the "Pro-Rata Distribution").
Referenced by the price of 1 transaction in Table I.