Excelerate Energy (EE) insider reports PSU vesting and tax share withholding

Rhea-AI Filing Summary

Excelerate Energy, Inc. executive Oliver Simpson reported vesting of performance stock units that settled in shares of Class A common stock. On February 18, 2026, he acquired 1,672 shares at no cost upon certification of PSU performance for the period from January 1, 2023 through December 31, 2025. The award reflected 132% of target based on adjusted return on equity and 96.80% of target based on relative total shareholder return versus a peer group. On the same date, 714 shares were disposed of to satisfy tax withholding obligations, leaving him with 47,303 shares held directly after these transactions.

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^*

Simpson Oliver

(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)
02/18/2026

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	02/18/2026		A		1,672(1)	A	$0	48,017	D
Class A Common Stock	02/18/2026		F		714(2)	D	$41.78	47,303	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 performance stock units ("PSUs") granted on March 31, 2023 pursuant to the Excelerate Energy, Inc. Long-Term Incentive Plan, each of which represented a contingent right to receive one share of Class A common stock of the Issuer. The PSUs vested at 132% of the target amount of the Issuer's adjusted return on equity and 96.80% of the target amount of the Issuer's relative total shareholder return within a group of peer companies, both as measured from January 1, 2023 through December 31, 2025. The Issuer's compensation committee certified the achievement of the performance goal on February 18, 2026.

2. Reflects PSUs reported as acquired under footnote (1) above that were withheld to satisfy the Reporting Person's tax withholding liability.

Remarks:

Executive Vice President and Chief Commercial Officer

	/s/ Alisa Newman Hood, Attorney-in-Fact	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Excelerate Energy (EE) report for Oliver Simpson?

Excelerate Energy reported that Oliver Simpson acquired 1,672 Class A common shares from vested performance stock units and disposed of 714 shares to cover tax withholding, resulting in 47,303 directly held shares after the February 18, 2026 transactions.

How many Excelerate Energy (EE) shares did Oliver Simpson receive from PSU vesting?

Oliver Simpson received 1,672 Class A common shares from performance stock units granted under Excelerate Energy’s Long-Term Incentive Plan. Each PSU represented a contingent right to one share, which vested after the company’s compensation committee certified performance on February 18, 2026.

Why did Oliver Simpson dispose of 714 Excelerate Energy (EE) shares?

The 714 Excelerate Energy shares were withheld to satisfy Oliver Simpson’s tax withholding liability. These shares came from the vested performance stock units reported as acquired, and the disposition was coded as payment of tax liability by delivering securities, not an open-market sale.

What performance period governed the Excelerate Energy (EE) PSUs that vested for Oliver Simpson?

The performance stock units vested based on Excelerate Energy’s results from January 1, 2023 through December 31, 2025. Metrics included adjusted return on equity and relative total shareholder return compared with a peer group over that same multi-year performance period.

What performance levels did Excelerate Energy (EE) achieve for Oliver Simpson’s PSUs?

Excelerate Energy’s PSUs for Oliver Simpson vested at 132% of the target for adjusted return on equity and 96.80% of the target for relative total shareholder return. These outcomes were certified by the company’s compensation committee on February 18, 2026.

How many Excelerate Energy (EE) shares does Oliver Simpson hold after these transactions?

After the reported transactions, Oliver Simpson directly holds 47,303 shares of Excelerate Energy Class A common stock. This reflects the 1,672-share PSU vesting and the 714-share tax-withholding disposition recorded on February 18, 2026.