Director Matthew Gallagher awarded EXPAND ENERGY (EXE) stock grant valued at VWAP

Rhea-AI Filing Summary

EXPAND ENERGY Corp director Matthew Gallagher received a compensation-related grant of common stock. On June 4, 2026, he acquired 2,331 shares of Common Stock as a grant or award, valued at a weighted average price of $96.53 per share based on a 30-day VWAP. Following this award, he directly holds 20,248 shares of EXPAND ENERGY common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gallagher Matthew

Role null

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

Holdings After Transaction: Common Stock — 20,248 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 2,331 shares Grant valuation price: $96.53 per share Shares held after grant: 20,248 shares +1 more

4 metrics

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

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

Shares held after grant 20,248 shares Total direct holdings following transaction

Transaction code A (grant, award, or other acquisition) Indicates compensation-related acquisition, not open-market buy

Key Terms

VWAP, Grant, award, or other acquisition, Common Stock, Form 4

4 terms

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.

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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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^*

Gallagher Matthew

(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)	20,248	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: MATTHEW GALLAGHER	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 (EXE) report for Matthew Gallagher?

EXPAND ENERGY reported that director Matthew Gallagher received a grant of 2,331 shares of Common Stock. The transaction is classified as a grant, award, or other acquisition rather than an open-market purchase, increasing his direct holdings to 20,248 shares.

At what price was Matthew Gallagher’s EXPAND ENERGY (EXE) stock grant valued?

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

Is Matthew Gallagher’s EXPAND ENERGY (EXE) Form 4 transaction a stock purchase or a grant?

The Form 4 transaction is a grant or award, not an open-market purchase. It is coded as an “A” transaction, meaning grant, award, or other acquisition, and represents compensation-related stock rather than a voluntary market buy order.

How many EXPAND ENERGY (EXE) shares does Matthew Gallagher hold after this grant?

After receiving the 2,331-share grant, Matthew Gallagher directly holds 20,248 shares of EXPAND ENERGY Common Stock. This total reflects his direct ownership position immediately following the reported award transaction on June 4, 2026.

What does VWAP mean in Matthew Gallagher’s EXPAND ENERGY (EXE) Form 4 filing?

VWAP stands for volume-weighted average price, averaging trade prices over time. In this filing, the $96.53 per share value represents the VWAP over the 30 trading days ending June 3, 2026, and is used to value the granted shares.