Excelerate Energy director receives 3,639 RSU award

Biswal Nisha reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Biswal Nisha reported acquisition or exercise transactions in this Form 4 filing.

Excelerate Energy, Inc. director Nisha Biswal reported an equity award in the form of restricted stock units (RSUs) covering 3,639 shares of Class A common stock. These RSUs were granted at no cash cost and will vest in full on the first anniversary of the grant date.

Following this award, Biswal’s directly held Class A share equivalents reported in this filing total 7,851. Each RSU represents the right to receive one share of Excelerate Energy Class A common stock upon vesting.

Insider Trade Summary

Grant/Award: 3,639 shares

Grant/Award 1 txn

Insider Biswal Nisha

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	3,639	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 7,851 shares (Direct)

Footnotes (1)

1. F1. 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 in full on the first anniversary of the grant date.

FAQ

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

What insider transaction did Excelerate Energy (EE) report for Nisha Biswal?

Excelerate Energy reported that director Nisha Biswal received an equity award of 3,639 restricted stock units of Class A common stock. The RSUs were granted at no cash cost and increase her reported direct holdings to 7,851 share equivalents after the transaction.

What type of security did Nisha Biswal acquire in the latest EE Form 4?

Nisha Biswal acquired restricted stock units (RSUs) tied to Excelerate Energy Class A common stock. Each RSU represents the right to receive one share of Class A common stock. The grant covered 3,639 RSUs and was reported as a grant or award acquisition.

How many Excelerate Energy shares does Nisha Biswal hold after this RSU grant?

After the reported award, Nisha Biswal’s directly reported holdings total 7,851 Class A share equivalents. This figure includes the newly granted 3,639 restricted stock units, each representing the right to receive one share of Excelerate Energy Class A common stock upon vesting.

Was cash paid for the RSUs granted to Nisha Biswal at Excelerate Energy?

No cash was paid for this equity award. The Form 4 shows a transaction price of $0.0000 per share for the 3,639 restricted stock units, indicating they were granted as compensation rather than purchased in the open market.

When do the RSUs granted to Nisha Biswal at EE vest?

The RSUs granted to Nisha Biswal vest in full on the first anniversary of the grant date. Until vesting, they represent the right to receive one share of Excelerate Energy Class A common stock for each restricted stock unit held.

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

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Accepted by SEC EDGAR 03/09/2026 - 08:20 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
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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^*

Biswal Nisha

(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)

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

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		A(1)		3,639	A	$0	7,851	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. 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 in full on the first anniversary of the grant date.

	/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.
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