Expand Energy (EXE) interim CEO receives stock and performance share unit grants

Rhea-AI Filing Summary

Expand Energy Corp’s Interim President and CEO Michael Wichterich reported equity compensation grants tied to his service. On February 9, 2026, he received 16,856 shares of common stock at a price of $0, increasing his directly held common shares to 81,498.

He was also granted 16,856 performance share units (PSUs), each representing a right to one share of common stock, at an exercise price of $0, leaving him with 16,856 PSUs outstanding. Separate footnotes describe a related grant of restricted stock units (RSUs) and explain that both RSUs and PSUs vest based on his time served as Interim President and Chief Executive Officer over the one-year period following the grant date, with a minimum of 4,682 units eligible to vest in each case, subject to continued service and, for PSUs, achievement of an absolute total shareholder return threshold.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Wichterich Michael

Role Interim President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Performance Share Unit	16,856	$0.00	--
Grant/Award	Common Stock	16,856	$0.00	--

Holdings After Transaction: Performance Share Unit — 16,856 shares (Direct); Common Stock — 81,498 shares (Direct)

Footnotes (1)

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Expand common stock. The number of RSUs that may vest is prorated based on the Reporting Person's time served as Interim President and Chief Executive Officer during the one-year period following the grant date, but in any event will be no less than 4,682 RSUs. Subject to continued service, the RSUs vest on the later of (a) the one-year anniversary of the grant date and (b) the date the Reporting Person's service as Interim President and Chief Executive Officer concludes. Each performance share unit ("PSU") represents a contingent right to receive one share of Expand common stock, depending on Expand's achievement of the absolute total shareholder return ("aTSR") threshold during the applicable performance period. The number of PSUs that may be eligible to vest is prorated based on the Reporting Person's time served as Interim President and Chief Executive Officer during the one-year period following the grant date, but in any event will be no less than 4,682 PSUs, provided the aTSR threshold is met. Subject to continued service and achievement of the aTSR threshold, the PSUs vest on the later of (a) the one-year anniversary of the grant date and (b) the date on which the aTSR threshold is met.

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^*

Wichterich Michael

(Last) (First) (Middle)

6100 N. WESTERN AVE.

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Interim President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

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	02/09/2026		A		16,856(1)	A	$0	81,498	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)	02/09/2026		A		16,856		(2)	02/09/2029	Common Stock	16,856(2)	$0	16,856	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Expand common stock. The number of RSUs that may vest is prorated based on the Reporting Person's time served as Interim President and Chief Executive Officer during the one-year period following the grant date, but in any event will be no less than 4,682 RSUs. Subject to continued service, the RSUs vest on the later of (a) the one-year anniversary of the grant date and (b) the date the Reporting Person's service as Interim President and Chief Executive Officer concludes.

2. Each performance share unit ("PSU") represents a contingent right to receive one share of Expand common stock, depending on Expand's achievement of the absolute total shareholder return ("aTSR") threshold during the applicable performance period. The number of PSUs that may be eligible to vest is prorated based on the Reporting Person's time served as Interim President and Chief Executive Officer during the one-year period following the grant date, but in any event will be no less than 4,682 PSUs, provided the aTSR threshold is met. Subject to continued service and achievement of the aTSR threshold, the PSUs vest on the later of (a) the one-year anniversary of the grant date and (b) the date on which the aTSR threshold is met.

Remarks:

	Michael D. May For: MICHAEL WICHTERICH	02/11/2026
	** 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.

FAQ

What insider transaction did EXE’s Interim CEO report on February 9, 2026?

EXE’s Interim President and CEO Michael Wichterich reported equity compensation grants on February 9, 2026. He acquired 16,856 shares of common stock at $0 and a separate award of 16,856 performance share units, each linked to one share of Expand Energy common stock.

How many EXE common shares does Michael Wichterich own after this Form 4?

After the reported grant, Michael Wichterich directly owns 81,498 shares of Expand Energy common stock. This reflects the addition of 16,856 shares received at a price of $0 as part of his equity compensation while serving as Interim President and Chief Executive Officer.

What are the key terms of Michael Wichterich’s performance share units in EXE?

Wichterich received 16,856 performance share units, each tied to one EXE common share. Vesting depends on absolute total shareholder return thresholds and his time served as Interim President and CEO during the year following grant, with at least 4,682 PSUs eligible to vest if conditions are met.

How do the restricted stock units granted to EXE’s Interim CEO vest?

Each restricted stock unit represents one EXE share and vests based on Wichterich’s time as Interim President and CEO during the year after grant. Vesting occurs on the later of the one-year anniversary or when his interim service ends, with at least 4,682 RSUs guaranteed to vest with continued service.

What conditions affect vesting of EXE’s performance share units granted to the Interim CEO?

Performance share units vest based on two conditions: Wichterich’s service as Interim President and CEO over the one-year period after grant and achievement of an absolute total shareholder return threshold. Vesting occurs on the later of the one-year anniversary or when the return threshold is met.

Are the EXE equity awards to Michael Wichterich direct or indirect holdings?

The equity awards reported in this Form 4 are direct holdings. Both the 16,856 shares of EXE common stock and the 16,856 performance share units are listed as directly owned by Michael Wichterich, with no separate entity or indirect ownership structure disclosed in the filing.