Sec Form 13G Filing - OCM XI CHK Holdings, LLC @ Expand Energy Corporation

Insider filing report for Changes in Beneficial Ownership

Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)*

EXPAND ENERGY Corp

(Name of Issuer)

Common Stock $0.01 par value per share

(Title of Class of Securities)

165167735

(CUSIP Number)

12/31/2024

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No.

165167735

Names of Reporting Persons

OCM XI CHK Holdings, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,056,881.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,056,881.00

Aggregate Amount Beneficially Owned by Each Reporting Person

5,056,881.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

2.19 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: The percent of class is calculated based on 231,034,791 shares of common stock, $0.01 par value per share (the "Common Shares") as of October 24, 2024, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on October 29, 2024.

SCHEDULE 13G

CUSIP No.

165167735

Names of Reporting Persons

OCM Xb CHK Holdings, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,880,483.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,880,483.00

Aggregate Amount Beneficially Owned by Each Reporting Person

1,880,483.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.81 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: The percent of class is calculated based on 231,034,791 shares of Common Shares as of October 24, 2024, as reported in the Issuer's Form 10-Q filed with the SEC on October 29, 2024.

SCHEDULE 13G

CUSIP No.

165167735

Names of Reporting Persons

Oaktree Opportunities Fund Xb Holdings (Delaware), L.P.

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 22,759.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 22,759.00

Aggregate Amount Beneficially Owned by Each Reporting Person

22,759.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.01 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

165167735

Names of Reporting Persons

Oaktree Opportunities Fund Xi Holdings (Delaware), L.P

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 72,535.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 72,535.00

Aggregate Amount Beneficially Owned by Each Reporting Person

72,535.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.03 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

165167735

Names of Reporting Persons

Oaktree Capital Holdings, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,032,658.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,032,658.00

Aggregate Amount Beneficially Owned by Each Reporting Person

7,032,658.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

3.04 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

165167735

Names of Reporting Persons

Oaktree Capital Group Holdings GP, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,032,658.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,032,658.00

Aggregate Amount Beneficially Owned by Each Reporting Person

7,032,658.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

3.04 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

EXPAND ENERGY Corp

(b)

Address of issuer's principal executive offices:

6100 North Western Avenue, Oklahoma City, Oklahoma, 73118

Item 2.

(a)

Name of person filing:

This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons":(i)OCM XI CHK Holdings, LLC ("XI CHK Holdings");(ii)OCM Xb CHK Holdings, LLC ("Xb CHK Holdings");(iii)Oaktree Opportunities Fund Xb Holdings (Delaware), L.P. ("Xb Holdings");(iv)Oaktree Opportunities Fund Xi Holdings (Delaware), L.P. ("Xi Holdings");(v)Oaktree Capital Holdings, LLC ("OCH"); and(vi)Oaktree Capital Group Holdings GP, LLC ("OCGH GP").

(b)

Address or principal business office or, if none, residence:

333 S. Grand Avenue, 28th Floor,Los Angeles, CA 90071

(c)

Citizenship:

See responses to Item 4 on each cover page.

(d)

Title of class of securities:

Common Stock $0.01 par value per share

(e)

CUSIP No.:

165167735

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

See responses to Item 9 on each cover page.Of the securities reported herein, XI CHK Holdings directly holds 5,056,881 Common Shares, representing 2.19% of the outstanding Common Shares, Xb CHK Holdings directly holds 1,880,483 Common Shares, representing 0.81% of the outstanding Common Shares, Xb Holdings directly holds 22,759 Common Shares, representing 0.01% of the outstanding Common Shares, and Xi Holdings directly holds 72,535 Common Shares, representing 0.03% of the outstanding Common Shares. Oaktree Capital Group, LLC through OCH, is the indirect manager of each of XI CHK Holdings, Xb CHK Holdings, Xb Holdings, and Xi Holdings. OCGH GP is the indirect owner of the class B units of OCG.In the aggregate, the Reporting Persons beneficially own, as of the date hereof, 7,032,658 shares of Common Stock, representing approximately 3.04% of the Common Stock outstanding as of the date hereof.Pursuant to Rule 13d-4 of the Act, the Reporting Persons declare that filing this statement on Schedule 13G (this "Statement") shall not be construed as an admission that any of the Reporting Persons are, for the purposes of Section 13(d) and/or Section 13(g) of the Act, the beneficial owner of any securities covered by this Statement, and such beneficial ownership is expressly disclaimed by each Reporting Person.

(b)

Percent of class:

See responses to Item 11 on each cover page. %

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

See responses to Item 5 on each cover page.

(ii) Shared power to vote or to direct the vote:

See responses to Item 6 on each cover page.

(iii) Sole power to dispose or to direct the disposition of:

See responses to Item 7 on each cover page.

(iv) Shared power to dispose or to direct the disposition of:

See responses to Item 8 on each cover page.

Item 5.

Ownership of 5 Percent or Less of a Class.

Ownership of 5 percent or less of a class

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

OCM XI CHK Holdings, LLC

Signature:	/s/ Henry Orren
Name/Title:	Henry Orren / Senior Vice President
Date:	02/14/2025

OCM Xb CHK Holdings, LLC

Signature:	/s/ Henry Orren
Name/Title:	Henry Orren / Senior Vice President
Date:	02/14/2025

Oaktree Opportunities Fund Xb Holdings (Delaware), L.P.

Signature:	/s/ Henry Orren
Name/Title:	Henry Orren / Senior Vice President
Date:	02/14/2025

Oaktree Opportunities Fund Xi Holdings (Delaware), L.P

Signature:	/s/ Henry Orren
Name/Title:	Henry Orren / Senior Vice President
Date:	02/14/2025

Oaktree Capital Holdings, LLC

Signature:	/s/ Henry Orren
Name/Title:	Henry Orren / Senior Vice President
Date:	02/14/2025

Oaktree Capital Group Holdings GP, LLC

Signature:	/s/ Henry Orren
Name/Title:	Henry Orren / Senior Vice President
Date:	02/14/2025

Exhibit Information

Exhibit A Joint Filing Agreement, by and among the Reporting Persons, dated as of February 14, 2025.

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Sec Form 13G Filing - OCM XI CHK Holdings, LLC filing for Expand Energy Corporation (EXE) - 2025-02-14