Northern Oil & Gas (NYSE: NOG) CLO granted stock; shares used for tax

Rhea-AI Filing Summary

Northern Oil & Gas, Inc. Chief Legal Officer & Secretary Erik J. Romslo received a grant of 10,839 shares of common stock on March 16, 2026 under the company’s 2018 Equity Incentive Plan. These shares were awarded as restricted stock, not purchased in the open market.

On the same date, 5,788 shares of common stock were surrendered at $27.51 per share to cover taxes due upon vesting of restricted stock. This tax-withholding disposition is a mechanical step tied to the equity award, not an open-market sale. After these transactions, Romslo directly holds 101,760 shares of common stock.

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).

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^*

Romslo Erik J.

(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)
	Chief Legal Officer & Sec.

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		10,839	A	$0	107,548	D
Common Stock(2)	03/16/2026		F		5,788	D	$27.51(3)	101,760	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. 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)

FAQ

What insider transactions did NOG’s Erik J. Romslo report on March 16, 2026?

Erik J. Romslo reported receiving a grant of 10,839 restricted shares of Northern Oil & Gas common stock and surrendering 5,788 shares to cover tax obligations. Both actions were compensation-related, not open-market trading activity, and adjusted his direct holdings accordingly.

Was the Northern Oil & Gas (NOG) Form 4 a stock sale by Erik J. Romslo?

The Form 4 does not show an open-market stock sale by Erik J. Romslo. It reports a restricted stock grant and a surrender of 5,788 shares to pay taxes upon vesting, a standard tax-withholding mechanism for equity compensation awards.

How many Northern Oil & Gas (NOG) shares did Erik J. Romslo hold after these transactions?

After the reported grant and tax-withholding share surrender, Erik J. Romslo directly held 101,760 shares of Northern Oil & Gas common stock. This figure reflects his updated position following the compensation award and related tax payment in shares.

What price was used for the tax-withholding shares in the NOG Form 4?

The 5,788 shares surrendered for tax withholding were valued at $27.51 per share. Footnotes explain this represents the last closing price of Northern Oil & Gas common stock on or before the date the shares were surrendered for tax obligations.

What plan governed the restricted stock granted to NOG’s Erik J. Romslo?

The restricted stock granted to Erik J. Romslo was issued under Northern Oil & Gas’ 2018 Equity Incentive Plan. This plan provides equity-based compensation, such as restricted stock awards, to executives and other participants as part of their overall compensation package.

Does the NOG Form 4 indicate any derivative securities activity for Erik J. Romslo?

The reported activity involves only common stock, not derivative securities. The filing shows no derivative transactions or remaining derivative positions for Erik J. Romslo, focusing instead on a restricted stock grant and tax-withholding share surrender tied to that equity award.