Expion360 Inc. — Director's Dealing 2025

Aug 2, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Expion360 Inc. (XPON)
CIK: 0001894954
Period of Report: 2025-07-31

Reporting Person: Schaffner Brian Paul (Director, CEO and Interim CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-07-31	Stock Option (Right to Buy)	$0.769	A	43519	Acquired	2035-07-31	Common Stock (43519)	Direct

Footnotes

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.