Northern Oil & Gas director receives 1,764-share award on 09/30/2025

Rhea-AI Filing Summary

Roy Ernest Easley, a director of Northern Oil & Gas, Inc. (NOG), received a grant of 1,764 shares of common stock on 09/30/2025 under the company's 2018 Equity Incentive Plan. The transaction was recorded as an acquisition at an effective price of $0, bringing his total beneficial ownership to 58,132 shares following the grant. The Form 4 was signed on behalf of Mr. Easley by an attorney-in-fact on 10/02/2025. The filing identifies the reporting person as an individual filer and shows the relationship to the issuer as a director. No derivative transactions or dispositions were reported in this filing.

Positive

• Director equity alignment: Grant of 1,764 shares increases director ownership to 58,132
• Use of equity plan: Award granted under the 2018 Equity Incentive Plan, a standard governance tool

Negative

• None.

Insights

Corporate Governance Analyst

Director received equity grant of 1,764 shares on 09/30/2025.

The Form 4 discloses a stock grant under the 2018 Equity Incentive Plan, increasing the director's direct holdings to 58,132 shares. Such grants are routine for aligning director incentives with shareholder interests and are commonly awarded through equity plans.

The filing shows the grant price as $0, indicating a stock award rather than a purchased lot; the document does not disclose vesting schedules or acceleration terms, so no additional timing or liquidity details are available from this filing.

Insider Transactions Specialist

Transaction recorded as an acquisition with zero cash price; no dispositions reported.

The report lists the transaction date as 09/30/2025 and the signature by attorney-in-fact on 10/02/2025, meeting Section 16 reporting requirements. The Form shows only a non-derivative award and no sales or option exercises, so it does not indicate liquidity events or insider selling pressure.

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
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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).

1. Name and Address of Reporting Person^*

EASLEY ROY ERNEST

(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	58,132	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 the NOG Form 4 filed for Roy Easley report?

The Form 4 reports an acquisition of 1,764 common shares on 09/30/2025, increasing his beneficial ownership to 58,132 shares.

At what price were the shares granted to the NOG director?

The transaction is reported with a price of $0, indicating a granted award rather than a purchased transaction.

Under which plan were the shares granted?

The shares were granted pursuant to the issuer's 2018 Equity Incentive Plan.

Who signed the Form 4 and when was it signed?

The Form 4 is signed by Stephanie L. Horton as attorney-in-fact on 10/02/2025.

Did the filing report any derivative transactions or sales by Roy Easley?

No; the filing lists only a non-derivative stock award and shows no dispositions or derivative transactions.