SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* DE BALMANN YVES C (Last) (First) (Middle) 1310 POINT STREET (Street) BALTIMORE MD 21231 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Constellation Energy Corp [ CEG ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 03/31/2022
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock (Deferred Stock Units)	03/31/2022		A		835	A	$51.32	44,186(1)(3)	D
Common Stock								636(2)	D
Common Stock								203(2)	I	By de Balmann Family Holdings LLLP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Deferred Stock Units	(4)							(4)	(4)	Common Stock	49,011(1)(5)		49,011(1)(5)	D

Explanation of Responses:

1. In connection with the separation of the Issuer from Exelon Corp. effective February 1, 2022 (the "Spin-Off"), as further described in the Constellation Energy Group Inc. ("Constellation") current report on Form 8-K filed on February 2, 2022, each Exelon deferred stock unit ("DSU") held immediately prior to the Spin Off by a Constellation employee or director was replaced with a substitute Constellation DSU in an amount equal to the number of Exelon DSUs multiplied by a fraction, the numerator of which is the volume-weighted average price of Exelon common stock for the five trading days preceding and including February 1, 2022, and the denominator of which is the volume-weighted average price of Constellation common stock ("Common Stock") for the five trading days beginning February 2, 2022. Each substitute Constellation DSU shall vest based on the holder's continued service, and otherwise shall have substantially the same terms and conditions as the corresponding Exelon DSU.

2. In connection with the Spin-Off, each Exelon Corp. shareholder received a pro-rata dividend in the form of one share of Common Stock for every three shares of Exelon Corp. common stock held by such shareholder on the January 20, 2022 record date. The reporting person acquired these shares of Common Stock in connection with the Spin-Off and such acquisitions were exempt from Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act") pursuant to Rule 16a-9 under the Exchange Act

3. Balance includes approximately 43,233 DSUs acquired in connection with the Spin-Off in a transaction exempt from Section 16 of the Exchange Act pursuant to Rule 16a-9 under the Exchange Act and approximately 119 shares acquired on March 10, 2022 through automatic dividend reinvestment.

4. Phantom DSUs converted from the legacy Constellation Deferred Compensation Plan for Non-employee Directors that will be settled in cash on a 1-for-1 basis using the year-end price of Common Stock in the year of termination of the reporting person's service.

5. Balance includes approximately 48,877 Phantom DSUs acquired in connection with the Spin-Off in a transaction exempt from Section 16 of the Exchange Act pursuant to Rule 16a-9 under the Exchange Act and approximately 134 additional stock units credited on March 10, 2022 through the dividend reinvestment feature of the plan.

	/s/ Brian Buck, Attorney-in-Fact for Yves de Balmann	04/04/2022
	** Signature of Reporting Person	Date
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