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

Rhea-AI Filing Summary

The filing shows that Michael A. Frantz, a director of Northern Oil & Gas, Inc. (NOG), was granted 1,764 shares of common stock under the company's 2018 Equity Incentive Plan on 09/30/2025. The transaction is recorded as an acquisition at a $0 price, indicating a stock grant rather than a purchase. After the grant, Mr. Frantz beneficially owns 61,197 shares in total, held directly.

The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 10/02/2025. No derivative securities or other transactions are reported, and no additional terms (vesting schedule, specific award type beyond the plan) are disclosed in the filing.

Positive

• Director alignment: 1,764 shares granted to a director, increasing direct ownership to 61,197 shares

Negative

• None.

Insights

Insider Transactions Analyst

Director received a small equity award that increases ownership to 61,197 shares.

The Form 4 records a 1,764-share grant to Michael A. Frantz on 09/30/2025 under the 2018 Equity Incentive Plan. The grant is reported at a $0 price, which is standard for stock awards rather than open-market purchases.

This increases his direct beneficial ownership to 61,197 shares. The filing does not disclose vesting terms, exercise dates, or derivative holdings, so the timing of any potential sale or transfer is not specified.

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

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

1. Name and Address of Reporting Person^*

Frantz Michael A

(Last) (First) (Middle)

4350 BAKER ROAD, SUITE 400

(Street)

MINNETONKA MN 55343

(City) (State) (Zip)

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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

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

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

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)	09/30/2025		A		1,764	A	$0	61,197	D

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. Stock granted pursuant to the Issuer's 2018 Equity Incentive Plan.

Remarks:

	/s/ Stephanie L. Horton as attorney-in-fact	10/02/2025
	** 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.

FAQ

What did Michael A. Frantz report in the Form 4 for NOG?

He reported a grant of 1,764 common shares on 09/30/2025, increasing his direct beneficial ownership to 61,197 shares.

Was the transaction a purchase or a grant?

The transaction is reported at a $0 price, indicating a stock grant under the 2018 Equity Incentive Plan, not an open-market purchase.

Does the Form 4 show any option or derivative transactions?

No. Table II for derivative securities shows no reported transactions or holdings in this filing.

When was the Form 4 signed and filed?

The signature block shows an attorney-in-fact signed on behalf of the reporting person on 10/02/2025.

Are vesting terms or exercise dates provided in the filing?

No. The filing states the shares were granted under the 2018 Equity Incentive Plan but does not disclose vesting schedules or other award terms.