Armstrong Dana A 4

What Happened
Dana A. Armstrong, Executive Vice President and Chief Financial Officer of Excelerate Energy (EE), had 1,972 restricted stock units (RSUs) withheld to satisfy tax withholding obligations on March 31, 2026. The withheld shares were valued at $33.31 each, for a total disposition of $65,687. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and price: March 31, 2026 — 1,972 shares withheld at $33.31 per share (total $65,687).
• Transaction code: F (shares withheld to satisfy tax withholding liability).
• Shares owned after transaction: Not specified in the filing.
• Footnote: The RSUs were granted on March 31, 2023 under the company’s Long‑Term Incentive Plan; a portion vested on March 31, 2026 and were withheld to cover taxes.
• Filing timeliness: Report filed April 2, 2026 — appears timely (Form 4 is generally due within two business days).

Context
A tax-withholding disposition is a routine administrative action when equity awards vest; it does not involve the insider selling shares on the open market and therefore is not a direct signal of buying or selling intent. For retail investors, purchases are typically more meaningful for inferring insider confidence; withholding to cover taxes is common and largely procedural.