JAN ROBERT HORSFALL - 02 May 2025 Form 4 Insider Report for NorthWestern Energy Group, Inc. (NWE)

Role: Director
Signature: Emily L. Folsom, by power of attorney
Issuer symbol: NWE
Transactions as of: 02 May 2025
Net transactions value: +$37,500
Form type: 4
Filing time: 05 May 2025, 15:20:41 UTC
Previous filing: 06 Feb 2025
Next filing: 04 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
HORSFALL JAN ROBERT	Director	3010 W 69TH STREET, SIOUX FALLS	Emily L. Folsom, by power of attorney	05 May 2025	0001244563

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NWE	Common Stock	Award	$37,500	+648	+8.3%	$57.87	8,483	02 May 2025	Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Second quarter stock grant for 2025 received pursuant to the NorthWestern Energy Group, Inc. compensation rate schedule for non-employee directors.
F2	Represents underlying deferred share units that are issuable subsequent to the reporting person's termination of service from the company.
F3	Grant price as of March 31, 2025. Shares issued as deferred share units on May 2, 2025.
F4	Includes shares acquired from dividend reinvestment.