Director Ruby Sharma awarded Southwest Gas (SWX) stock, holdings near 9.5K shares

Rhea-AI Filing Summary

Southwest Gas Holdings director Ruby Sharma received a stock award in the form of common shares. On February 19, 2026, Sharma acquired 1,725.574 shares of Southwest Gas Holdings common stock as a grant or award at a stated price of $0.00 per share.

After this grant, Sharma directly owns 9,479.581 shares of common stock. This balance includes 215.249 shares that were previously acquired through exempt dividend reinvestment transactions.

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^*

Sharma Ruby

(Last) (First) (Middle)

8360 S. DURANGO DR.

(Street)

LAS VEGAS NV 89113

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Southwest Gas Holdings, Inc. [ SWX ]

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)
02/19/2026

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	02/19/2026		A		1,725.574	A	$0	9,479.581(1)	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. Balance includes 215.249 shares acquired through exempt dividend reinvestment transactions.

Remarks:

	Catherine M. Mazzeo, POA	02/23/2026
	** 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).
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FAQ

What insider transaction did Southwest Gas Holdings (SWX) report for Ruby Sharma?

Southwest Gas Holdings reported that director Ruby Sharma received a grant of 1,725.574 shares of common stock on February 19, 2026. The transaction was coded as an award acquisition, not an open-market purchase or sale.

How many Southwest Gas Holdings (SWX) shares does Ruby Sharma own after this Form 4?

After the reported award, Ruby Sharma directly owns 9,479.581 Southwest Gas Holdings common shares. This figure includes 215.249 shares previously acquired through exempt dividend reinvestment transactions, as noted in the filing footnote.

Was Ruby Sharma’s Southwest Gas (SWX) Form 4 transaction a purchase or a grant?

The Form 4 shows Ruby Sharma’s transaction as a grant or award acquisition, coded “A.” The 1,725.574 shares were acquired at a stated price of $0.00 per share rather than through an open-market purchase.

What does the dividend reinvestment footnote mean in Ruby Sharma’s SWX filing?

The footnote explains that Sharma’s reported balance includes 215.249 shares obtained via exempt dividend reinvestment. This means some of her holdings accumulated automatically when cash dividends were reinvested into additional Southwest Gas common shares.

Does the Ruby Sharma Form 4 for Southwest Gas (SWX) indicate any share sales?

The Form 4 indicates no share sales by Ruby Sharma. It reports only a single award acquisition of 1,725.574 common shares, increasing her direct holdings to 9,479.581 shares after the transaction.