Expion Energy (XPON) Director Steve Shum Receives 5,000 RSUs

What Happened
Steve Shum, a director of Expion Energy, was granted/received 5,000 restricted stock units (RSUs) on August 13, 2026. The RSUs vested in full on the grant date and were recorded at $0.00 consideration (no cash paid). This is an award (not a purchase or sale) and increases his beneficial ownership of common stock.

Key Details

• Transaction type: Grant / Award (Code A) — 5,000 RSUs acquired on 2026-08-13 at $0.00
• Filing: Form 4 filed 2026-08-25 (filed more than the 2-business-day Form 4 deadline; filing was late)
• Shares owned after transaction: Reported beneficial ownership includes 10,427 common shares (5,427 previously held + 5,000 RSUs that vested) and rights to acquire 449 additional shares upon exercise of options exercisable within 60 days of Aug 25, 2026 (footnote clarifies composition)
• Footnotes: F1 — RSUs are contingent rights to one share each and vested in full on the grant date. F2 — Breakdown of reported holdings (5,427 shares owned, 449 shares underlying near-term exercisable options).
• Exhibit: 24.1 Power of Attorney attached.

Context
RSUs are a form of equity compensation that convert to shares when they vest; because these RSUs vested immediately, they effectively increased Shum’s shareholdings without any cash outlay. Awards like this are common for directors and executives and do not by themselves indicate a buy/sell decision in the market. The late filing delays public reporting of the trade and is worth noting for transparency.