What performance share units were granted in this EXE Form 4 filing?

He was granted 6,641 performance share units linked to absolute total shareholder return and 6,641 linked to relative total shareholder return. Each unit is a contingent right that can settle in zero to two Expand common shares, depending on total shareholder return over the specified performance period.

Do EXE performance share units deliver a fixed number of shares?

No, the performance share units do not deliver a fixed number of shares. Each unit can result in zero to two shares of Expand common stock, depending on whether the company meets specified absolute or relative total shareholder return targets over the defined performance period.

Expand Energy (EXE) EVP granted stock units, forfeits shares for tax

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Expand Energy Corp executive Lacy Christopher W reported equity-based compensation and related tax withholding. On March 15, 2026, he received 5,693 shares of common stock as a restricted stock unit award and ended with 59,031 common shares held directly.

He was also granted 6,641 performance share units tied to absolute total shareholder return and 6,641 performance share units tied to relative total shareholder return, each potentially settling in zero to two shares of common stock. On the same date, 820 shares were forfeited back to the issuer at a price of $107.02 per share to satisfy tax withholding obligations.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Lacy Christopher W

Role EVP - GENERAL COUNSEL

Type	Security	Shares	Price	Value
Grant/Award	Performance Share Unit	6,641	$0.00	--
Grant/Award	Performance Share Unit	6,641	$0.00	--
Grant/Award	Common Stock	5,693	$0.00	--
Tax Withholding	Common Stock	820	$107.02	$88K

Holdings After Transaction: Performance Share Unit — 6,641 shares (Direct); Common Stock — 59,851 shares (Direct)

Footnotes (1)

Each restricted stock unit represents a contingent right to receive one share of Expand common stock. These shares were forfeited to the issuer to satisfy tax withholding obligations in connection with the partial vesting of a previously disclosed restricted stock unit award. Represents the weighted average volume price, or "VWAP," over the 30 trading days ending on Friday, March 13, 2026. Each performance share unit represents a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's absolute total shareholder return over the applicable performance period. Each performance share unit represents a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's relative total shareholder return over the applicable performance period.

Form 4 Insider Transactions: What Each Field Means →

03/16/2026 - 04:52 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^*

Lacy Christopher W

(Last)

(First)

(Middle)

6100 N. WESTERN AVENUE

(Street)

OKLAHOMA CITY

73118

(City)

(State)

(Zip)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP - GENERAL COUNSEL

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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)
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)
Common Stock	03/15/2026		A		5,693⁽¹⁾	A	$0	59,851	D
Common Stock	03/15/2026		F		820⁽²⁾	D	$107.02⁽³⁾	59,031	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)
Performance Share Unit	⁽⁴⁾	03/15/2026		A		6,641		⁽⁴⁾	03/15/2029	Common Stock	6,641⁽⁴⁾	$0	6,641	D
Performance Share Unit	⁽⁵⁾	03/15/2026		A		6,641		⁽⁵⁾	03/15/2029	Common Stock	6,641⁽⁵⁾	$0	6,641	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Expand common stock.

2. These shares were forfeited to the issuer to satisfy tax withholding obligations in connection with the partial vesting of a previously disclosed restricted stock unit award.

3. Represents the weighted average volume price, or "VWAP," over the 30 trading days ending on Friday, March 13, 2026.

4. Each performance share unit represents a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's absolute total shareholder return over the applicable performance period.

5. Each performance share unit represents a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's relative total shareholder return over the applicable performance period.

Remarks:

	Michael D. May For: CHRISTOPHER W. LACY	03/16/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did EXE executive Lacy Christopher W report?

EVP and General Counsel Lacy Christopher W reported stock-based compensation and a related tax withholding transaction. He received common stock through a restricted stock unit award and new performance share units, and forfeited shares back to Expand Energy Corp to cover tax obligations tied to vesting.

How many Expand Energy (EXE) shares did the executive receive and now hold?

He received 5,693 shares of Expand common stock as part of a restricted stock unit award. After these transactions and the tax withholding forfeiture, his direct holdings in Expand common stock totaled 59,031 shares, as reflected in the post-transaction ownership figure reported.

Why were 820 Expand Energy (EXE) shares forfeited by the executive?

The 820 shares of common stock were forfeited back to Expand Energy to satisfy tax withholding obligations. This occurred in connection with the partial vesting of a previously disclosed restricted stock unit award and was reported as a tax-withholding disposition rather than an open-market sale.

What does the $107.02 price represent in the EXE tax withholding transaction?

The reported price of $107.02 per share represents the 30-day volume-weighted average price, or VWAP, ending on Friday, March 13, 2026. This VWAP figure was used in connection with calculating the value of shares forfeited to satisfy the executive’s tax withholding obligations.