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).
1. Name and Address of Reporting Person *
Viets Joshua J.

(Last) (First) (Middle)
6100 N. WESTERN AVE.

(Street)
OKLAHOMA CITY OK 73116

(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 & COO
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026
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 03/15/2026   A   10,815 (1) A $ 0 72,491 D  
Common Stock 03/15/2026   M   13,626 (2) A $ 0 86,117 D  
Common Stock 03/15/2026   M   1,110 (3) A $ 0 87,227 D  
Common Stock 03/15/2026   F   3,728 (4) D $ 107.02 (5) 83,499 D  
Common Stock 03/15/2026   F   6,462 (6) D $ 107.02 (5) 77,037 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) 03/15/2026   M     13,626 03/15/2026 03/15/2026 Common Stock 13,626 (2) $ 0 0 D  
Performance Share Unit (3) 03/15/2026   M     1,110 03/15/2026 03/15/2026 Common Stock 1,110 (3) $ 0 0 D  
Performance Share Unit (7) 03/15/2026   A   12,618     (7) 03/15/2029 Common Stock 12,618 (7) $ 0 12,618 D  
Performance Share Unit (8) 03/15/2026   A   12,618     (8) 03/15/2029 Common Stock 12,618 (8) $ 0 12,618 D  
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Expand common stock.
2. Each performance share unit represented a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's absolute total shareholder return over the applicable performance period. Effective March 15, 2026, the Reporting Person was entitled to receive 13,626 shares of common stock, before tax withholding obligations.
3. Each performance share unit represented a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's relative total shareholder return over the applicable performance period. Effective March 15, 2026, the Reporting Person was entitled to receive 1,110 shares of common stock, before tax withholding obligations.
4. 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.
5. Represents the weighted average volume price, or "VWAP," over the 30 trading days ending on Friday, March 13, 2026.
6. These shares were forfeited to the issuer to satisfy tax withholding obligations in connection with the vesting of a previously disclosed performance share unit award.
7. Each performance share unit represents a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's absolute total shareholder return over the applicable performance period.
8. Each performance share unit represents a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's relative total shareholder return over the applicable performance period.
Michael D. May For JOSHUA J. VIETS 03/16/2026
** 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).
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