Company: EXEEZ
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000895126-25-000098
Chunk: 34

Company: EXPAND ENERGY Corp
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 million shares for an aggregate price of $100 million. The shares of common stock repurchased during the Current Period were retired and recorded as a reduction to common stock and retained earnings. WarrantsClass A WarrantsClass B WarrantsClass C Warrants(a)Outstanding as of December 31, 20241,254,479 3,073,194 4,383,634 Converted into common stock(b)(1,186,019)(2,823,724)(1,600,930)Outstanding as of March 31, 202568,460 249,470 2,782,704 Converted into common stock(b)(154)(136,285)(645,600)Outstanding as of June 30, 202568,306 113,185 2,137,104 Converted into common stock(b)(188)(3,700)(764,881)Outstanding as of September 30, 202568,118 109,485 1,372,223 _________________________________________(a)As of September 30, 2025, we had 582,109 of reserved Class C Warrants.

(b)During the Current Period, we issued 6,741,115 shares of common stock as a result of Warrant exercises. 

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Table of ContentsEXPAND ENERGY CORPORATION AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)(Unaudited)

10.Share-Based CompensationOur long-term incentive plan, as amended and adopted by our Board of Directors (the “LTIP”), provides for the grant of RSUs, restricted stock awards, stock options, stock appreciation rights, performance awards and other stock awards to the Company’s employees and non-employee directors and has a share reserve equal to 6,800,000 shares of common stock.Restricted Stock Units. During the Current Period, we granted RSUs to employees and non-employee directors under the LTIP, which will vest over a three-year period and one-year period, respectively. The fair value of RSUs is based on the closing sales price of our common stock on the date of grant, and compensation expense is recognized ratably over the requisite service period. A summary of the changes in unvested RSUs is presented below:  Unvested Restricted Stock UnitsWeighted Average Grant Date Fair Value Per Share(in thousands)Unvested as of December 31, 2024957 $81.