Carson E. Heagen - 31 Jul 2025 Form 4 Insider Report for Expion360 Inc. (XPON)

Role: Chief Operating Officer
Signature: /s/ Brian Schaffner, Attorney-in-Fact for Carson E. Heagen
Issuer symbol: XPON
Transactions as of: 31 Jul 2025
Net transactions value: $0
Form type: 4
Filing time: 01 Aug 2025, 21:56:43 UTC
Previous filing: 10 Apr 2025
Next filing: 20 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Heagen Carson E.	Chief Operating Officer	2025 SW DEERHOUND AVE, REDMOND	/s/ Brian Schaffner, Attorney-in-Fact for Carson E. Heagen	01 Aug 2025	0002064217

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	XPON	Stock Option (Right to Buy)	Award	$0	+32,966		$0.000000	32,966	31 Jul 2025	Common Stock	32,966	$0.7690	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The exercise price of the Options (as defined below) was determined based on the closing price of the Issuer's common stock, par value $0.001 per share, on the date the Options were conditionally approved by the compensation committee of the board of directors.
F2	Reflects a grant of stock options (the "Options") made to the Reporting Person under the Issuer's 2021 Incentive Award Plan (the "Plan"). The Options were approved by the compensation committee of the board of directors on April 9, 2025, subject to stockholder approval of an increase in the number of shares available for issuance under the Plan under which the Options were granted (the "Plan Amendment"). The Plan Amendment was approved by stockholders on July 31, 2025. The Options vested in full and became immediately exercisable on July 31, 2025.

Content

The exercise price of the Options (as defined below) was determined based on the closing price of the Issuer's common stock, par value $0.001 per share, on the date the Options were conditionally approved by the compensation committee of the board of directors.

Reflects a grant of stock options (the "Options") made to the Reporting Person under the Issuer's 2021 Incentive Award Plan (the "Plan"). The Options were approved by the compensation committee of the board of directors on April 9, 2025, subject to stockholder approval of an increase in the number of shares available for issuance under the Plan under which the Options were granted (the "Plan Amendment"). The Plan Amendment was approved by stockholders on July 31, 2025. The Options vested in full and became immediately exercisable on July 31, 2025.