Excelerate Energy (NYSE: EE) officer logs RSU grant and tax withholding on Form 4

Rhea-AI Filing Summary

Excelerate Energy, Inc. officer Bent Michael Anthony reported two equity compensation-related transactions in Class A common stock. On March 5, 2026, 1,782 restricted stock units were disposed of at $38.48 per share to cover tax withholding obligations upon vesting. The same day, he acquired 5,783 restricted stock units as a grant under the company’s long-term incentive plan, with each unit representing one share of Class A common stock. Following these transactions, his directly held Class A share-equivalent position reported in this filing increased to 31,908 shares, reflecting routine equity compensation activity rather than open-market trading.

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

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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^*

Bent Michael Anthony

(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)		1,782	D	$38.48	26,125	D
Class A Common Stock	03/05/2026		A(2)		5,783	A	$0	31,908	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:

Vice President, Controller and Chief Accounting 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.

FAQ

What insider transactions did Excelerate Energy (EE) report for Bent Michael Anthony?

Bent Michael Anthony reported routine equity compensation activity, not open-market trading. He disposed of 1,782 restricted stock units to satisfy tax withholding and received a grant of 5,783 new restricted stock units, each representing one share of Class A common stock.

How many Excelerate Energy (EE) shares does Bent Michael Anthony hold after this Form 4?

After the reported transactions, Bent Michael Anthony’s directly held Class A share-equivalent position increased to 31,908 shares. This figure reflects the net result of restricted stock units withheld for taxes and newly granted restricted stock units vesting over time.

Was the Excelerate Energy (EE) insider transaction a market sale or a tax withholding event?

The disposition was a tax withholding event, not an open-market sale. 1,782 restricted stock units were withheld to cover Bent Michael Anthony’s tax liability when earlier RSU grants partially vested, consistent with typical equity compensation administration.

What equity award did Bent Michael Anthony receive from Excelerate Energy (EE)?

He received a grant of 5,783 restricted stock units on March 5, 2026. Each RSU represents one share of Class A common stock and vests ratably over three years, aligning his compensation with the company’s long-term performance.

How do the Excelerate Energy (EE) RSUs for Bent Michael Anthony vest?

The restricted stock units vest ratably on each of the first three anniversaries of the grant date. This schedule means portions of the award convert into Class A common stock over three years, supporting long-term retention and incentive alignment.