Director at Expand Energy (EXE) receives stock grant valued at $96.53

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

EXPAND ENERGY Corp director JOHNSON S P IV received a stock grant of 2,331 shares of Common Stock. The award was recorded on June 4, 2026 at a reference value of $96.53 per share, described as the 30‑day weighted average volume price ending June 3, 2026.

After this compensation-related acquisition, the director directly holds 19,895 shares of EXPAND ENERGY Common Stock. This filing reflects an equity award rather than an open‑market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider JOHNSON S P IV

Role null

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

Holdings After Transaction: Common Stock — 19,895 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Shares granted: 2,331 shares Grant value per share: $96.53 per share Shares owned after transaction: 19,895 shares +1 more

4 metrics

Shares granted 2,331 shares Director stock grant on June 4, 2026

Grant value per share $96.53 per share Weighted average volume price over 30 trading days ending June 3, 2026

Shares owned after transaction 19,895 shares Director’s direct Common Stock holdings after grant

Transaction code A (Grant, award, or other acquisition) Non-derivative Common Stock transaction classification

Key Terms

Form 4, weighted average volume price, VWAP, Grant, award, or other acquisition

4 terms

Form 4 regulatory

"EXPAND ENERGY reported this director transaction on a Form 4 insider filing."

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.

weighted average volume price financial

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

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 is "Grant, award, or other acquisition" for this entry"

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Form 4 Insider Transactions: What Each Field Means →

06/08/2026 - 04:32 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^*

JOHNSON S P IV

(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)
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	06/04/2026		A		2,331	A	$96.53⁽¹⁾	19,895	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)

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: S. P. JOHNSON IV	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did EXPAND ENERGY (EXE) report in this Form 4?

EXPAND ENERGY reported a director receiving a grant of 2,331 shares of Common Stock. The transaction is coded as an acquisition award, meaning it is a compensation-related stock grant rather than an open-market trade, and it increases the director’s direct share holdings.

How many EXPAND ENERGY (EXE) shares were granted to the director?

The director received a grant of 2,331 shares of EXPAND ENERGY Common Stock. This award increased the reporting person’s direct holdings to 19,895 shares following the transaction, as disclosed in the Form 4’s post-transaction ownership line for non-derivative securities.

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

The 2,331-share grant was valued at $96.53 per share. A footnote explains this amount represents the weighted average volume price, or VWAP, over the 30 trading days ending on June 3, 2026, rather than a single-day market trade price.

Is the EXPAND ENERGY (EXE) Form 4 transaction an open-market purchase or sale?

The Form 4 describes a grant or award acquisition, not an open-market trade. Code “A” and the related description indicate the insider received shares as compensation, so there was no open-market buying or selling activity by the reporting person in this transaction.

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

Following the 2,331-share grant, the director directly owns 19,895 EXPAND ENERGY Common Stock shares. This total is reported in the Form 4 as the number of non-derivative shares beneficially owned after the reported transaction, reflecting the updated post-award position.

What does VWAP mean in the EXPAND ENERGY (EXE) stock award disclosure?

VWAP stands for weighted average volume price over a specified period. The filing states the $96.53 value reflects VWAP over the 30 trading days ending June 3, 2026, providing an averaged reference price for valuing the equity grant rather than a single-day closing price.