Director at EXPAND ENERGY Corp (EXE) receives 2,331-share award

Rhea-AI Filing Summary

Duncan Timothy S. reported acquisition or exercise transactions in this Form 4 filing.

EXPAND ENERGY Corp director Duncan Timothy S. reported receiving a grant of 2,331 shares of Common Stock. The shares were awarded at a reference price of $96.53 per share, based on the 30-day VWAP ending June 3, 2026. After this award, his direct holdings total 19,051 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Duncan Timothy S.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,331	$96.53	$225K

Holdings After Transaction: Common Stock — 19,051 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 2,331 shares Grant reference price: $96.53 per share Shares held after transaction: 19,051 shares

3 metrics

Shares granted 2,331 shares Common Stock grant to director on June 4, 2026

Grant reference price $96.53 per share 30-day VWAP ending June 3, 2026

Shares held after transaction 19,051 shares Director’s direct holdings following the award

Key Terms

VWAP, Grant, award, or other acquisition, Common Stock

3 terms

VWAP financial

"Represents the weighted average volume price, or "VWAP," over the 30 trading days ending on Wednesday, June 3, 2026."

VWAP, or Volume-Weighted Average Price, is a way to find the average price of a stock throughout the trading day, giving more importance to times when more shares are traded. It helps traders see the typical price and decide whether a stock is expensive or cheap compared to its average, similar to finding the average speed during a trip by giving more weight to times when you traveled faster or slower.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Duncan Timothy S.

(Last) (First) (Middle)

10000 ENERGY DRIVE

(Street)

SPRING TEXAS 77389

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
EXPAND ENERGY Corp [ EXE ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/04/2026		A		2,331	A	$96.53(1)	19,051	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 the weighted average volume price, or "VWAP," over the 30 trading days ending on Wednesday, June 3, 2026.

Remarks:

	Chris Lacy For: TIMOTHY S. DUNCAN	06/08/2026
	** 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)

FAQ

What insider transaction did EXPAND ENERGY Corp (EXE) report?

EXPAND ENERGY Corp reported that director Duncan Timothy S. received a grant of 2,331 shares of Common Stock. The award is classified as a grant or other acquisition, not an open-market purchase or sale, and increases his directly held share count.

At what price was the EXPAND ENERGY (EXE) share grant valued?

The 2,331-share grant to the EXPAND ENERGY director was valued at $96.53 per share. This price reflects the 30-day volume-weighted average price (VWAP) ending June 3, 2026, rather than a single-day market trade price.

How many EXPAND ENERGY (EXE) shares does the director hold after this grant?

Following the 2,331-share grant, director Duncan Timothy S. now directly holds 19,051 shares of EXPAND ENERGY Common Stock. This total reflects his updated post-transaction position as reported in the insider filing after the award was recorded.

Was the EXPAND ENERGY (EXE) insider transaction a market buy or sell?

The filing classifies the transaction as a grant or award acquisition, not a market buy or sell. It represents compensation in the form of stock, so no open-market purchase or sale direction is reported for this particular insider transaction.

How was the EXPAND ENERGY (EXE) grant price of $96.53 determined?

The $96.53 reference price is described as a volume-weighted average price, or VWAP, over 30 trading days ending June 3, 2026. This approach smooths short-term price fluctuations by averaging trading prices over the specified period.