Expand Energy (EXE) director awarded 2,331 shares at $96.53 VWAP

Rhea-AI Filing Summary

Emerson Sarah A. reported acquisition or exercise transactions in this Form 4 filing.

EXPAND ENERGY Corp director Emerson Sarah A. received a stock award of 2,331 shares of Common Stock. The grant was priced at $96.53 per share, based on a 30‑day volume-weighted average price ending on June 3, 2026. After this compensation-related award, Emerson directly owns 17,932 shares of EXPAND ENERGY Corp common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Emerson Sarah A.

Role null

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

Holdings After Transaction: Common Stock — 17,932 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 2,331 shares Grant valuation price: $96.53 per share Shares owned after grant: 17,932 shares

3 metrics

Shares granted 2,331 shares Common Stock award on June 4, 2026

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

Shares owned after grant 17,932 shares Direct ownership following transaction

Key Terms

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

3 terms

Grant, award, or other acquisition financial

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

VWAP financial

"Represents the weighted average volume price, or "VWAP," over the 30 trading days"

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.

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^*

Emerson Sarah A.

(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)	17,932	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: SARAH A. EMERSON	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 did EXPAND ENERGY (EXE) director Emerson Sarah A. report on this Form 4?

Emerson Sarah A. reported receiving a grant of 2,331 shares of EXPAND ENERGY common stock. This was a compensation-related award, not an open-market purchase, and increased her direct holdings to 17,932 shares after the transaction.

Was the EXPAND ENERGY (EXE) Form 4 transaction a stock purchase or a grant?

The transaction was a stock grant, classified as a “Grant, award, or other acquisition.” It reflects shares awarded as compensation rather than shares bought in the open market, so it does not represent a discretionary stock purchase.

At what price was the EXPAND ENERGY (EXE) stock grant to Emerson valued?

The 2,331-share award was valued at $96.53 per share. A footnote states this price represents the 30-day volume-weighted average price, or VWAP, for trading days ending on June 3, 2026, providing an averaged market-based valuation.

How many EXPAND ENERGY (EXE) shares does Emerson Sarah A. own after this grant?

After receiving the 2,331-share award, Emerson Sarah A. directly owns 17,932 shares of EXPAND ENERGY common stock. This total reflects her direct ownership position immediately following completion of the reported Form 4 transaction.

Does the EXPAND ENERGY (EXE) Form 4 show any stock sales or option exercises?

The Form 4 shows only one acquisition transaction, coded as a grant or award. There are no reported stock sales, option exercises, gifts, or tax-withholding dispositions in this filing, and no derivative securities transactions are listed.