NorthWestern Energy (NWE) CFO Lail Crystal Dawn reports 808-share Form 4 trade

Rhea-AI Filing Summary

NorthWestern Energy Group VP and CFO Lail Crystal Dawn reported a small share disposition. On January 22, 2026, she reported an F-coded transaction involving 808 shares of common stock at a price of $64.54 per share. After this transaction, she reported beneficial ownership of 29,170 common shares, held in direct form.

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

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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^*

Lail Crystal Dawn

(Last) (First) (Middle)

3010 W 69TH STREET

(Street)

SIOUX FALLS SD 57108

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NorthWestern Energy Group, Inc. [ NWE ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/22/2026

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	01/22/2026		F		808	D	$64.54	29,170	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:

Remarks:

	Emily L. Folsom, by power of attorney	01/22/2026
	** 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.
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FAQ

What insider transaction did NorthWestern Energy (NWE) report for Lail Crystal Dawn?

NorthWestern Energy Group reported that VP and CFO Lail Crystal Dawn entered into an F-code transaction on January 22, 2026 involving 808 shares of common stock at $64.54 per share.

How many NorthWestern Energy (NWE) shares were involved in Lail Crystal Dawn’s latest Form 4?

The Form 4 shows a transaction in 808 shares of NorthWestern Energy Group common stock, reported with transaction code F.

What price was reported for the insider transaction in NorthWestern Energy (NWE) shares?

The transaction involving 808 common shares of NorthWestern Energy Group was reported at a price of $64.54 per share.

How many NorthWestern Energy (NWE) shares does Lail Crystal Dawn report owning after this transaction?

Following the reported transaction, VP and CFO Lail Crystal Dawn reported beneficial ownership of 29,170 common shares of NorthWestern Energy Group.

Is Lail Crystal Dawn’s ownership in NorthWestern Energy (NWE) direct or indirect?

The Form 4 indicates that the 29,170 common shares reported after the transaction are held in direct (D) ownership form.

What is Lail Crystal Dawn’s role at NorthWestern Energy (NWE)?

According to the filing, Lail Crystal Dawn is an officer of NorthWestern Energy Group, serving as VP and CFO.