EXE CLUSTER SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

EXE ▼ -3.57% at T+5d

NEUTRAL call ✗ call lost -3.57% · α vs SPY -4.14% · entry $92.07 → $88.78

Next anchor: T+20d in 14d

Last close $87.46 (close Jun 17) · -5.01% from $92.07 entry

Entry anchored
Jun 4, 03:59 PM ET
via Databento tick

T+1d

-1.79%

call -1.79% · α -2.02%

$90.42

settled 14d ago

T+5d

-3.57%

call -3.57% · α -4.14%

$88.78

settled 8d ago

T+20d

—

call — · α —

—

in 14d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

The interim CEO and CFO of Expand Energy Corp purchased a combined $279K of EXE stock on June 4, 2026, in open-market transactions. The purchases represent only ~0.001% of the $22B market cap — immaterial in absolute size, but notable because both top executives acted in concert.

Key Financial Metrics

Direction

buying

Total Value

$279.0K

Insiders

2

Actionable Insight

The buy-side cluster is directionally positive but economically trivial relative to market cap — not a standalone trade signal. Monitor for any upcoming operational catalyst (earnings, guidance, or asset update) that might have prompted these coordinated purchases. The broader EXE stock has been a net negative for prior bullish calls; avoid over-weighting this pattern.

Key Facts

Interim President & CEO Michael Wichterich bought 1,000 shares at $93.36 ($93K)
EVP & CFO Marcel Teunissen bought 2,000 shares at $92.88 ($186K)
Combined open-market purchases total $279K — 0.0013% of $22B market cap
All other insider activity this week was non-cash director stock grants (9 grants, total $1.9M)
2 insider buys in trailing 30 days vs. no sales
Historical reports on EXE have delivered net negative alpha at T+20 (-2.43% avg, 33% win rate)

Financial Impact

Total open-market insider purchases of $279K, representing ~0.001% of market cap

Risk Factors

Purchases are minuscule relative to company size — may reflect routine portfolio rebalancing, not conviction
Historical model calls on EXE have underperformed at T+20 (avg alpha -5.9%), suggesting the stock has resisted analyst bullish signals
Interim CEO title reduces signaling power — permanent CEOs' buys carry more weight

Market Snapshot

Exchange

Nasdaq

Sector

Crude Petroleum & Natural Gas

Analyst Consensus

87% bullish (30 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-EXE-1780952054404

11 reports for EXE

T+1T+5T+20T+60

60% Hit rate 3 of 5 directional calls best @ T+60▲ +12.37%Feb 28, 2026

Filters

Reports for EXE — sortable, filterable
	Type				Now
Jun 12, 2026 6d ago	Institutional Cluster MIXED ★ 5/10	$88.78 $87.90	▼ −0.99%	▼ −2.75%	$87.46 (−1.49%)
Jun 4, 2026 14d ago	Insider Cluster NEUTRAL ★ 3/10	$92.07 $90.42	▼ −1.79%	▼ −2.02%	$87.46 (−5.01%)
Jun 4, 2026 14d ago	Insider Cluster NEUTRAL ★ 2/10	$92.07 $90.42	▼ −1.79%	▼ −2.02%	$87.46 (−5.01%)
Apr 28, 2026 7w ago	8-K BULLISH ★ 7/10	$100.99 $100.99	· 0.00%	▼ −1.02%	$87.46 (−13.40%)
Apr 28, 2026 7w ago	Press Release BULLISH ★ 8/10	$100.99 $100.99	· 0.00%	▼ −1.02%	$87.46 (−13.40%)
Apr 24, 2026 7w ago	DEFA14A NEUTRAL ★ 2/10	$96.44 $96.30	▼ −0.15%	▼ −0.31%	$87.46 (−9.31%)
Apr 15, 2026 9w ago	Press Release BEARISH ★ 7/10	$97.36 $95.82	▲ +1.58%	▲ +2.80%	$87.46 (+10.17%)
Apr 10, 2026 9w ago	8-K NEUTRAL ★ 2/10	$97.78 $95.69	▼ −2.14%	▼ −3.35%	$87.46 (−10.55%)
Apr 6, 2026 10w ago	8-K NEUTRAL ★ 3/10	$103.55 $101.93	▼ −1.56%	▼ −1.63%	$87.46 (−15.54%)
Feb 28, 2026 15w ago	Institutional Cluster BEARISH ★ 7/10	$107.90 $107.40	▲ +0.46%	▼ −0.45%	$87.46 (+18.94%)

US Market Status

Market Closed — Juneteenth — Opens Mon (77h 22m)

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