Stock grant boosts Northern Oil & Gas (NOG) director holdings

Rhea-AI Filing Summary

Akradi Bahram reported acquisition or exercise transactions in this Form 4 filing.

Northern Oil & Gas director Bahram Akradi received a stock grant of 3,933 shares of Common Stock under the company’s 2018 Equity Incentive Plan. The award carried no purchase price, reflecting equity-based compensation rather than an open-market purchase. Following this grant, Akradi directly holds 1,687,684 shares of Northern Oil & Gas common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Akradi Bahram

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,933	$0.00	--

Holdings After Transaction: Common Stock — 1,687,684 shares (Direct)

Footnotes (1)

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Key Figures

Stock grant size: 3,933 shares Grant price: $0.00 per share Post-transaction holdings: 1,687,684 shares +2 more

5 metrics

Stock grant size 3,933 shares Common Stock awarded to director Bahram Akradi

Grant price $0.00 per share Price of Common Stock granted as compensation

Post-transaction holdings 1,687,684 shares Akradi’s direct Common Stock holdings after the grant

Transaction code A Grant, award, or other acquisition of Common Stock

Transaction date 2026-03-31 Date of stock grant to Bahram Akradi

Key Terms

Equity Incentive Plan, Form 4, Common Stock, Grant, award, or other acquisition, +1 more

5 terms

Equity Incentive Plan financial

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

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

Form 4 regulatory

"INSIDER FILING DATA (Form 4): {"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common Stock financial

""security_title": "Common Stock","

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

""transaction_code_description": "Grant, award, or other acquisition","

direct ownership financial

""ownership_type": "direct","

Form 4 Insider Transactions: What Each Field Means →

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^*

Akradi Bahram

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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)	03/31/2026		A		3,933	A	$0	1,687,684	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	04/01/2026
	** 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 did Northern Oil & Gas (NOG) director Bahram Akradi report on this Form 4?

Bahram Akradi reported receiving a grant of 3,933 shares of Northern Oil & Gas Common Stock. The shares were awarded as equity compensation rather than bought in the market, and increased his direct holdings to 1,687,684 shares after the transaction.

Was the Northern Oil & Gas (NOG) insider transaction a market purchase or a stock grant?

The transaction was a stock grant, not a market purchase. Akradi acquired 3,933 shares of Common Stock at a price of $0.00 per share, reflecting an award under the company’s 2018 Equity Incentive Plan as part of his compensation.

How many Northern Oil & Gas (NOG) shares does Bahram Akradi own after this grant?

After the reported grant, Bahram Akradi directly owns 1,687,684 shares of Northern Oil & Gas Common Stock. This figure includes the 3,933 shares awarded in the latest transaction under the company’s 2018 Equity Incentive Plan.

What equity plan was used for the Northern Oil & Gas (NOG) director stock grant?

The 3,933-share grant to director Bahram Akradi was issued under Northern Oil & Gas’ 2018 Equity Incentive Plan. This plan is used to deliver stock-based compensation awards such as grants or awards of Common Stock to eligible participants.

Does this Northern Oil & Gas (NOG) Form 4 indicate insider buying or compensation?

The Form 4 reflects equity compensation rather than insider buying. Akradi’s 3,933 shares were granted at $0.00 per share, indicating a grant or award of Common Stock linked to the 2018 Equity Incentive Plan, not an open-market purchase.