What is Dana A. Armstrong’s share ownership in Excelerate Energy (EE) after this transaction?

After the tax-withholding transaction, Armstrong directly owned 75,545 shares of Class A common stock. This figure reflects her position following the withholding of 1,972 shares tied to vested restricted stock units, as reported in the Form 4 insider trading disclosure.

Excelerate Energy (NYSE: EE) officer has RSU shares withheld for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Excelerate Energy, Inc. officer Dana A. Armstrong reported a routine tax-withholding transaction related to equity compensation. On March 31, 2026, 1,972 shares tied to vested restricted stock units were withheld at $33.31 per share to satisfy tax obligations. These RSUs were granted on March 31, 2023 under the company’s Long-Term Incentive Plan, with a portion vesting on March 31, 2026. After this withholding, Armstrong directly owned 75,545 shares of Class A common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Armstrong Dana A

Role See Remarks

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	1,972	$33.31	$66K

Holdings After Transaction: Class A Common Stock — 75,545 shares (Direct)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 1,972 shares Withholding price: $33.31 per share Shares owned after transaction: 75,545 shares +2 more

5 metrics

Shares withheld for taxes 1,972 shares Tax-withholding disposition on March 31, 2026

Withholding price $33.31 per share Value used for 1,972 withheld shares

Shares owned after transaction 75,545 shares Direct Class A common stock ownership after withholding

RSU grant date March 31, 2023 Grant of RSUs under Long-Term Incentive Plan

RSU vesting date March 31, 2026 Portion of RSUs vested, triggering tax withholding

Key Terms

restricted stock units ("RSUs"), tax withholding liability, Long-Term Incentive Plan

3 terms

restricted stock units ("RSUs") financial

"Reflects restricted stock units ("RSUs") withheld in satisfaction of the Reporting Person's tax withholding liability."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

tax withholding liability financial

"RSUs withheld in satisfaction of the Reporting Person's tax withholding liability."

Long-Term Incentive Plan financial

"The RSUs were granted to the Reporting Person on March 31, 2023 pursuant to the Excelerate Energy, Inc. Long-Term Incentive Plan (as amended, the "Plan")."

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 05:19 PM

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

TEXAS

77381

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/31/2026		F⁽¹⁾		1,972	D	$33.31	75,545	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 31, 2023 pursuant to the Excelerate Energy, Inc. Long-Term Incentive Plan (as amended, the "Plan"), and a portion vested on March 31, 2026.

Remarks:

Executive Vice President and Chief Financial Officer

	/s/ Alisa Newman Hood, Attorney-in-Fact	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Excelerate Energy (EE) insider Dana A. Armstrong report in this Form 4?

Dana A. Armstrong reported a tax-withholding disposition of 1,972 shares. These shares were withheld upon vesting of restricted stock units to cover tax liability, a common, non-market transaction tied to equity compensation rather than an open-market purchase or sale of Excelerate Energy stock.

How many Excelerate Energy (EE) shares were withheld for taxes in this filing?

The filing shows 1,972 shares were withheld at $33.31 per share. This occurred when a portion of Armstrong’s restricted stock units vested, and the company withheld shares instead of cash to satisfy the associated tax withholding requirement under its equity compensation plan.

Were the Excelerate Energy (EE) shares in this Form 4 bought or sold on the open market?

No open-market trade occurred; shares were withheld for taxes. The 1,972 shares represent restricted stock units withheld to satisfy Dana A. Armstrong’s tax liability when a portion of her March 31, 2023 RSU grant vested on March 31, 2026.

What equity award is referenced in Dana A. Armstrong’s Excelerate Energy (EE) Form 4?

The Form 4 references restricted stock units granted on March 31, 2023 under Excelerate Energy’s Long-Term Incentive Plan. A portion of these RSUs vested on March 31, 2026, triggering the withholding of 1,972 shares to satisfy Armstrong’s related tax withholding obligation.