Expand Energy (EXE) EVP forfeits 7,462 shares to cover tax withholding

Rhea-AI Filing Summary

EXPAND ENERGY Corp executive Lacy Christopher W disposed of 7,462 shares of common stock at $108.06 per share. These shares were forfeited back to the company to satisfy tax withholding obligations tied to the partial vesting of a previously granted restricted stock unit award. After this tax-withholding disposition, Christopher directly holds 54,158 shares of EXPAND ENERGY common stock.

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

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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 OK 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)
02/20/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/20/2026		F		7,462(1)	D	$108.06	54,158	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. 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.

Remarks:

	Michael D. May For: CHRISTOPHER W. LACY	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did EXPAND ENERGY (EXE) report for Lacy Christopher W?

Lacy Christopher W disposed of 7,462 shares of EXPAND ENERGY common stock. The shares were forfeited to the company to cover tax withholding obligations arising from the partial vesting of a previously granted restricted stock unit award, rather than sold on the open market.

Was the EXPAND ENERGY (EXE) insider transaction an open-market sale?

No, the transaction was not an open-market sale. The 7,462 shares were forfeited to EXPAND ENERGY to satisfy tax withholding obligations related to a restricted stock unit vesting event, a common administrative process for equity compensation, instead of being sold to public market buyers.

How many EXPAND ENERGY (EXE) shares does Lacy Christopher W own after the transaction?

After the tax-withholding disposition, Lacy Christopher W directly owns 54,158 shares of EXPAND ENERGY common stock. This remaining stake reflects his ongoing equity interest following the forfeiture of 7,462 shares to cover associated tax obligations from the vesting of restricted stock units.

What was the effective price used for the EXPAND ENERGY (EXE) tax-withholding share disposition?

The tax-withholding disposition used a price of $108.06 per share for the 7,462 shares. This price is typically based on the fair market value at the time of vesting and is applied solely to calculate the number of shares needed to satisfy tax obligations.

Why were EXPAND ENERGY (EXE) shares forfeited by Lacy Christopher W?

The shares were forfeited to EXPAND ENERGY to satisfy tax withholding obligations from a partial vesting of a restricted stock unit award. This method lets the executive cover income taxes by surrendering shares instead of paying cash, a standard feature of many equity compensation programs.

What role does Lacy Christopher W hold at EXPAND ENERGY (EXE)?

Lacy Christopher W serves as Executive Vice President and General Counsel at EXPAND ENERGY. The reported tax-withholding disposition involves his personal equity compensation, reflecting how senior executives often receive part of their pay in restricted stock units that vest over time.