Expand Energy CEO Brown receives 58,742 stock units

The performance share units carry contingent rights to zero to two common shares each based on absolute or relative total shareholder return.

Rhea-AI Filing Summary

On October 26, 2026, Daniel E. Brown, Expand Energy’s President and CEO, received 58,742 restricted stock units; his reported post-transaction position was 58,742 shares represented by those units. Each restricted stock unit represents a contingent right to receive one Expand common share. Brown also received performance share units tied to absolute total shareholder return: 6,661 units expiring October 26, 2029; 20,431 expiring January 15, 2029; and 20,430 expiring January 15, 2030 and January 15, 2031. The same quantities and expiration dates were reported for awards tied to relative total shareholder return. Each performance share unit represents a contingent right to zero to two common shares, depending on the applicable performance measure.

Insider Trade Summary

Grant/Award: 194,646 shares

Grant/Award 9 txns

Insider Brown Daniel E

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Performance Share Unit F2	6,661	$0.00	$0.00
Grant/Award	Performance Share Unit F3	6,661	$0.00	$0.00
Grant/Award	Performance Share Unit F2	20,431	$0.00	$0.00
Grant/Award	Performance Share Unit F3	20,431	$0.00	$0.00
Grant/Award	Performance Share Unit F2	20,430	$0.00	$0.00
Grant/Award	Performance Share Unit F3	20,430	$0.00	$0.00
Grant/Award	Performance Share Unit F2	20,430	$0.00	$0.00
Grant/Award	Performance Share Unit F3	20,430	$0.00	$0.00
Grant/Award	Common Stock F1	58,742	$0.00	$0.00

Holdings After Transaction: Performance Share Unit — 135,904 contracts (Direct); Common Stock — 58,742 shares (Direct)

Footnotes (3)

1. F1. The reported securities are restricted stock units, each of which represents a contingent right to receive one share of Expand common stock.
2. F2. 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.
3. F3. 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.

Key Figures

Restricted stock units awarded: 58,742 restricted stock units Reported post-transaction position: 58,742 shares Performance share units: 6,661 units +3 more

6 metrics

Restricted stock units awarded 58,742 restricted stock units Awarded October 26, 2026; each represents a contingent right to receive one common share

Reported post-transaction position 58,742 shares Direct position reported after the October 26, 2026 award; represented by restricted stock units

Performance share units 6,661 units Reported for both absolute and relative total shareholder return awards; expiration October 26, 2029

Performance share units 20,431 units Reported for both absolute and relative total shareholder return awards; expiration January 15, 2029

Performance share units 20,430 units Reported for both absolute and relative total shareholder return awards; expiration dates January 15, 2030 and January 15, 2031

Shares per performance share unit Zero to two common shares Contingent on achievement of the applicable total shareholder return measure

Key Terms

restricted stock units, performance share unit, absolute total shareholder return, relative total shareholder return

4 terms

restricted stock units financial

"The reported securities are restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

performance share unit financial

"Each performance share unit represents a contingent right"

A performance share unit (PSU) is a form of executive or employee pay that promises shares (or the cash value of shares) only if the company meets specific performance targets over a set period. Think of it like a bonus cheque that only arrives if the company hits agreed goals — it aligns managers’ rewards with business results and signals to investors how leadership is being incentivized to grow value over time.

absolute total shareholder return financial

"depending on the achievement of Expand's absolute total shareholder return"

Absolute total shareholder return is the percentage gain or loss a shareholder realizes over a specific period from holding a company's shares, counting both the change in share price and cash distributions (dividends) paid during that period. It is calculated as (ending share price plus dividends received — starting share price) divided by the starting share price, typically expressed as a percentage; it can be reported for any chosen period and is distinct from relative TSR, which measures performance versus a benchmark. It does not by itself adjust for effects such as share dilution, spin-offs, or differing share classes unless those are explicitly incorporated into the calculation.

relative total shareholder return financial

"depending on the achievement of Expand's relative total shareholder return"

Relative total shareholder return measures how much an investor’s gain from a company — including stock price changes and dividends — beats or lags a chosen benchmark or peer group over a set time. Think of it as a race: it shows whether the company outpaced rivals or the market, which helps investors and boards judge performance, compare returns fairly, and link results to pay or investment decisions.

FAQ

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

What stock awards did EXE CEO Daniel E. Brown receive?

Daniel E. Brown received 58,742 restricted stock units on October 26, 2026, and the reported post-transaction position was 58,742 shares represented by those units. Each restricted stock unit represents a contingent right to receive one Expand common share. He also received performance share units tied to absolute and relative total shareholder return.

How many EXE shares can each performance share unit represent?

Each performance share unit represents a contingent right to receive zero to two Expand common shares. The number depends on achievement of Expand’s absolute or relative total shareholder return over the applicable performance period.

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

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Available on EDGAR 10/28/2026 - 06:28 PM EDT Accepted by SEC EDGAR 10/28/2026 - 06:27 PM EDT 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
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^*

Brown Daniel E

(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
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/26/2026

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	10/26/2026		A		58,742(1)	A	$0	58,742	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
Performance Share Unit	(2)	10/26/2026		A		6,661		(2)	10/26/2029	Common Stock	6,661(2)	$0	6,661	D
Performance Share Unit	(3)	10/26/2026		A		6,661		(3)	10/26/2029	Common Stock	6,661(3)	$0	6,661	D
Performance Share Unit	(2)	10/26/2026		A		20,431		(2)	01/15/2029	Common Stock	20,431(2)	$0	20,431	D
Performance Share Unit	(3)	10/26/2026		A		20,431		(3)	01/15/2029	Common Stock	20,431(3)	$0	20,431	D
Performance Share Unit	(2)	10/26/2026		A		20,430		(2)	01/15/2030	Common Stock	20,430(2)	$0	20,430	D
Performance Share Unit	(3)	10/26/2026		A		20,430		(3)	01/15/2030	Common Stock	20,430(3)	$0	20,430	D
Performance Share Unit	(2)	10/26/2026		A		20,430		(2)	01/15/2031	Common Stock	20,430(2)	$0	20,430	D
Performance Share Unit	(3)	10/26/2026		A		20,430		(3)	01/15/2031	Common Stock	20,430(3)	$0	20,430	D

Explanation of Responses:

1. The reported securities are restricted stock units, each of which represents a contingent right to receive one share of Expand common stock.

2. 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.

3. 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:

	/s/ Kristina McQuaid for: DANIEL E. BROWN	10/28/2026
	** 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)