Excelerate Energy officer awarded 16,710 RSUs

Excelerate Energy, Inc. officer Dana A. Armstrong reported two equity compensation-related transactions in Class A common stock.

Rhea-AI Filing Summary

Excelerate Energy, Inc. officer Dana A. Armstrong reported two equity compensation-related transactions in Class A common stock. On March 5, 2026, 5,408 restricted stock units were disposed of at $38.48 per share to cover tax withholding obligations upon vesting of earlier grants.

On the same date, Armstrong acquired 16,710 restricted stock units at no cost as a new grant. Each RSU represents one share of Class A common stock and vests in equal installments on each of the first three anniversaries of the grant date, bringing direct holdings to 77,517 shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Armstrong Dana A

Role See Remarks

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	5,408	$38.48	$208K
Grant/Award	Class A Common Stock	16,710	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 77,517 shares (Direct)

Footnotes (2)

1. F1. Reflects restricted stock units ("RSUs") withheld in satisfaction of the Reporting Person's tax withholding liability. The RSUs were granted to the Reporting Person on March 5, 2024 and March 5, 2025 pursuant to the Excelerate Energy, Inc. Long-Term Incentive Plan (as amended), and a portion of each vested on March 5, 2026.
2. F2. Represents restricted stock units ("RSUs"), each of which represents the right to receive one share of Class A common stock of the Issuer. The RSUs vest ratably on each of the first three anniversaries of the grant date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Dana A. Armstrong report for Excelerate Energy (EE)?

Dana A. Armstrong reported a tax-withholding disposition of 5,408 restricted stock units and a grant of 16,710 new restricted stock units. Both transactions involved Class A common stock of Excelerate Energy and occurred on March 5, 2026, as part of equity compensation activity.

How many Excelerate Energy (EE) restricted stock units were granted to Dana A. Armstrong?

Dana A. Armstrong received a grant of 16,710 restricted stock units of Excelerate Energy Class A common stock. These units were awarded at no cash cost and represent the right to receive an equal number of shares as they vest over time.

Why were 5,408 Excelerate Energy (EE) RSUs disposed of by Dana A. Armstrong?

The 5,408 restricted stock units were withheld to satisfy Dana A. Armstrong’s tax withholding liability when earlier RSU grants vested. This tax-withholding disposition used RSUs granted in 2024 and 2025 that partially vested on March 5, 2026, under the company’s long-term incentive plan.

What is the vesting schedule for Dana A. Armstrong’s new Excelerate Energy (EE) RSUs?

The new restricted stock units granted to Dana A. Armstrong vest ratably on each of the first three anniversaries of the grant date. Each vested unit converts into one share of Excelerate Energy Class A common stock as the multi-year vesting schedule progresses.

How many Excelerate Energy (EE) shares does Dana A. Armstrong hold after these transactions?

After the March 5, 2026 transactions, Dana A. Armstrong directly holds 77,517 shares of Excelerate Energy Class A common stock. This figure reflects the net result of RSUs withheld for taxes and the new RSU grant credited to her equity holdings.

At what price were the withheld Excelerate Energy (EE) RSUs valued for taxes?

The 5,408 restricted stock units withheld for Dana A. Armstrong’s tax obligations were valued at $38.48 per share. This price was used to determine the number of RSUs needed to cover her tax withholding on the vesting date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/09/2026 - 08:25 PM Learn about SEC filing dates

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Armstrong Dana A

(Last) (First) (Middle)

C/O EXCELERATE ENERGY, INC.

2445 TECHNOLOGY FOREST BLVD., LEVEL 6

(Street)

THE WOODLANDS TX 77381

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Excelerate Energy, Inc. [ EE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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
Class A Common Stock	03/05/2026		F(1)		5,408	D	$38.48	60,807	D
Class A Common Stock	03/05/2026		A(2)		16,710	A	$0	77,517	D

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

Explanation of Responses:

1. Reflects restricted stock units ("RSUs") withheld in satisfaction of the Reporting Person's tax withholding liability. The RSUs were granted to the Reporting Person on March 5, 2024 and March 5, 2025 pursuant to the Excelerate Energy, Inc. Long-Term Incentive Plan (as amended), and a portion of each vested on March 5, 2026.

2. Represents restricted stock units ("RSUs"), each of which represents the right to receive one share of Class A common stock of the Issuer. The RSUs vest ratably on each of the first three anniversaries of the grant date.

Remarks:

Executive Vice President and Chief Financial Officer

	/s/ Alisa Newman Hood, Attorney-in-Fact	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.