TXNM Form 144: sale of 1,800 shares valued at $103,932

TXNM: A shareholder filed a Form 144 notice to sell up to 1,800 shares of common stock, reflecting an aggregate market value of $103,932.18.

Rhea-AI Filing Summary

TXNM: A shareholder filed a Form 144 notice to sell up to 1,800 shares of common stock, reflecting an aggregate market value of $103,932.18. The approximate sale date is 11/14/2025, with trades indicated for the NYSE through Morgan Stanley Smith Barney LLC.

The shares were acquired on 05/12/2021 via restricted stock vesting under a registered plan.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the TXNM Form 144 filing disclose?

It discloses a proposed sale of up to 1,800 shares with an aggregate market value of $103,932.18.

When is the proposed sale date for TXNM shares?

The filing lists an approximate sale date of 11/14/2025.

Which broker is listed for the TXNM Form 144 sale?

The broker is Morgan Stanley Smith Barney LLC.

On which exchange are the TXNM shares indicated to be sold?

The filing indicates the NYSE.

How and when were the TXNM shares acquired?

They were acquired on 05/12/2021 via restricted stock vesting under a registered plan.

What class of TXNM securities is listed in the Form 144?

The filing lists Common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/14/2025 - 05:33 PM EST Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001295122
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	TXNM ENERGY, INC.
SEC File Number	001-32462
Address of Issuer	414 Silver Ave. SW Albuquerque NEW MEXICO 87102-3289
Phone	(505) 241-2700
Name of Person for Whose Account the Securities are To Be Sold	VICKY A. BAILEY TTEE THE VICKY A BAILEY REVOCABLE TRUST
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	1800	103932.18	108921356	11/14/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/12/2021	Restricted stock vesting under a registered plan	Issuer			1800	05/12/2021	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	11/14/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Vicky A Bailey
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)