Lacy Christopher W 4

What Happened
Christopher W. Lacy, EVP and General Counsel of EXPAND ENERGY Corp (EXE), had 7,462 shares forfeited to the company to satisfy tax withholding obligations tied to the partial vesting of a previously disclosed restricted stock unit (RSU) award. The shares were valued at $108.06 each, for a total of $806,344. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-20; Filing date: 2026-02-24 (filed timely within the Form 4 reporting window).
• Shares forfeited/disposed: 7,462 at $108.06 per share; total value reported $806,344.
• Shares owned after transaction: Not disclosed on this Form 4.
• Footnote: Shares were forfeited to the issuer to satisfy tax withholding in connection with partial vesting of a previously disclosed RSU award (per F1).
• Transaction type/code: Tax withholding / forfeiture (F) — not a purchase or market sale.

Context
This was a routine tax-withholding event connected to RSU vesting (cashless/forfeiture to cover taxes). Such forfeitures are administrative and do not necessarily indicate the insider's view on the stock. For retail investors, purchases or open-market sales are typically more informative about insider sentiment than tax-withholding dispositions.