Southwest Gas (SWX) CFO reports Form 4 stock transaction

Rhea-AI Filing Summary

Southwest Gas Holdings senior vice president and chief financial officer Justin S. Forsberg reported a change in his ownership of company common stock. On January 8, 2026, he disposed of 407.881 shares of Southwest Gas common stock at a reported price of $80.15 per share under transaction code F. Following this transaction, he directly owned 2,297.906 common shares of Southwest Gas Holdings.

Insider Trade Summary

Net Seller: 407.881 shares

Net Sell 1 txn

Insider Forsberg Justin S

Role SVP/Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	407.881	$80.15	$33K

Holdings After Transaction: Common Stock — 2,297.906 shares (Direct)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/12/2026 - 05:51 PM Learn about SEC filing dates

FAQ

What insider transaction did Southwest Gas (SWX) report for Justin S. Forsberg?

Southwest Gas SVP/Chief Financial Officer Justin S. Forsberg reported a disposition of 407.881 shares of the company’s common stock on January 8, 2026 under transaction code F.

At what price were the Southwest Gas (SWX) shares transacted in the latest Form 4?

The Form 4 lists a transaction price of $80.15 per share for the 407.881 common shares disposed of on January 8, 2026.

How many Southwest Gas (SWX) shares does Justin S. Forsberg own after the reported transaction?

After the reported Form 4 transaction, Justin S. Forsberg directly owns 2,297.906 shares of Southwest Gas Holdings common stock.

What is Justin S. Forsberg’s role at Southwest Gas Holdings (SWX)?

The filing identifies Justin S. Forsberg as an officer of Southwest Gas Holdings, serving as Senior Vice President and Chief Financial Officer.

Is Justin S. Forsberg reported as a 10% owner of Southwest Gas (SWX)?

No. In the Form 4, the box for 10% Owner is not checked, while the Officer box is checked with the title SVP/Chief Financial Officer.

What type of security is involved in the Southwest Gas (SWX) Form 4 filing?

The Form 4 transaction involves Southwest Gas Holdings common stock, listed in Table I as the security title.

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^*

Forsberg Justin S

(Last) (First) (Middle)

8360 S. DURANGO DRIVE

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP/Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026

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	01/08/2026		F		407.881	D	$80.15	2,297.906	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:

	Catherine M. Mazzeo, POA	01/12/2026
	** 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.