[Form 4] NORTHERN OIL & GAS, INC. Insider Trading Activity

Rhea-AI Filing Summary

Northern Oil & Gas, Inc. president Adam A. Dirlam reported routine equity compensation activity in the form of restricted stock awards and related tax withholding. He received 25,292 shares of common stock directly and 10,949 shares indirectly through his spouse under the company’s 2018 Equity Incentive Plan. To cover taxes on these vestings, 10,695 directly held shares and 1,397 spouse-held shares were surrendered at a reference price of $27.51 per share, based on the last closing price before surrender. After these transactions, Dirlam holds 113,335 shares directly and 27,715 shares indirectly via his spouse.

Insider Trade Summary

Net Buyer: 24,149 shares

Net Buy 4 txns

Insider Dirlam Adam A.

Role President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	25,292	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	10,695	$27.51	$294K
Grant/Award	Common Stock	10,949	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,397	$27.51	$38K

Holdings After Transaction: Common Stock — 113,335 shares (Direct); Common Stock — 27,715 shares (Indirect, By Spouse)

Footnotes (3)

1. F1. Restricted stock granted pursuant to the Issuer's 2018 Equity Incentive Plan.
2. F2. Surrender of shares to pay taxes payable upon vesting of restricted stock.
3. F3. Reflects the last closing price of the company's common stock on or before the date the shares were surrendered.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/18/2026 - 05:39 PM Learn about SEC filing dates

FAQ

What insider transactions did NOG president Adam A. Dirlam report?

Adam A. Dirlam reported restricted stock awards and related tax withholding. He received new common shares directly and via his spouse, then surrendered a portion of those shares to cover tax obligations tied to the vesting of restricted stock.

How many Northern Oil & Gas (NOG) shares did the president receive?

He received 25,292 shares of common stock directly and 10,949 shares indirectly through his spouse. These were restricted stock grants issued under Northern Oil & Gas’ 2018 Equity Incentive Plan as part of his equity-based compensation package.

How many NOG shares were surrendered for taxes in this Form 4?

A total of 12,092 shares were surrendered to pay taxes on restricted stock vesting, including 10,695 directly held shares and 1,397 shares held by his spouse. The reference price used was $27.51 per share, based on the last closing price.

What are Adam A. Dirlam’s NOG shareholdings after these transactions?

Following the reported transactions, Adam A. Dirlam holds 113,335 Northern Oil & Gas common shares directly and 27,715 shares indirectly through his spouse. These figures reflect both the new restricted stock awards and the shares surrendered for tax obligations.

Were these NOG insider transactions open-market buys or sells?

The transactions involved equity grants and tax withholding, not open-market trades. Shares were granted as restricted stock under the 2018 Equity Incentive Plan, and some were surrendered back to the company to satisfy tax liabilities arising from the vesting.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dirlam Adam A.

(Last) (First) (Middle)

4350 BAKER ROAD, SUITE 400

(Street)

MINNETONKA MINNESOTA 55343

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NORTHERN OIL & GAS, INC. [ N O G ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	03/16/2026		A		25,292	A	$0	124,030	D
Common Stock(2)	03/16/2026		F		10,695	D	$27.51(3)	113,335	D
Common Stock(1)	03/16/2026		A		10,949	A	$0	29,112	I	By Spouse
Common Stock(2)	03/16/2026		F		1,397	D	$27.51(3)	27,715	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted stock granted pursuant to the Issuer's 2018 Equity Incentive Plan.

2. Surrender of shares to pay taxes payable upon vesting of restricted stock.

3. Reflects the last closing price of the company's common stock on or before the date the shares were surrendered.

Remarks:

	/s/ Stephanie L. Horton as attorney-in-fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)