Robert B. Rowling - 11 Nov 2022 Form 4 Insider Report for NORTHERN OIL & GAS, INC. (NOG)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
15 Nov 2022, 20:40:01 UTC
Prior SEC filing
03 Jun 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Robert B. Rowling

Key filing fact

Robert B. Rowling filed Form 4 for NORTHERN OIL & GAS, INC. (NOG) on 15 Nov 2022.

Key facts

  • This page summarizes Robert B. Rowling's Form 4 filing for NORTHERN OIL & GAS, INC. (NOG).
  • 3 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 15 Nov 2022, 20:40.

Change

  • Previous filing in this sequence was filed on 03 Jun 2022.
  • Current net transaction value: -$17,639,906.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NOG transaction

Common Stock, $0.001 par value per share

Sale

Transaction value
$9,774,450
Shares
-261,000
Change %
-3.2%
Price
$37.45
Shares after
8,002,719
Date
11 Nov 2022
Ownership
Direct
Footnotes
F1
NOG transaction

Common Stock, $0.001 par value per share

Sale

Transaction value
$350,486
Shares
-9,132
Change %
-53%
Price
$38.38
Shares after
7,994
Date
14 Nov 2022
Ownership
Direct
Footnotes
F2
NOG transaction

Common Stock, $0.001 par value per share

Sale

Transaction value
$7,514,969
Shares
-196,830
Change %
-2.5%
Price
$38.18
Shares after
7,796,757
Date
15 Nov 2022
Ownership
Direct
Footnotes
F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Robert B. Rowling is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

The price reported is the weighted average price. The shares were sold in multiple transactions on November 11, 2022, by Rowling Family 2012 Long Term Trust, a family trust for which Robert B. Rowling serves as trustee and the beneficiaries of which are his family members (the "Trust"), at prices ranging from $37.15 to $37.89 per share, inclusive. The reporting persons undertake to provide Northern Oil and Gas, Inc., any stockholder of Northern Oil and Gas, Inc., or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price ranges set forth in these footnotes.

Footnote F2

The price reported is the weighted average price. The shares were sold in multiple transactions on November 14, 2022, by the Trust, at prices ranging from $38.25 to $38.55 per share, inclusive.

Footnote F3

The price reported is the weighted average price. The shares were sold in multiple transactions on November 15, 2022, by the Trust, at prices ranging from $38.10 to $38.47 per share, inclusive.

Footnote F4

6,876,829 of the shares of Common Stock reported as directly owned are owned directly by TRT Holdings, Inc., 909,402 of such shares are owned directly by Cresta Investments, LLC, and 10,526 of such shares are owned directly by the Trust. Robert B. Rowling may be deemed to beneficially own all of the securities reported as directly owned due to his ownership interests in TRT Holdings, Inc. and Cresta Investments, LLC or, in the case of the Trust, the pecuniary interest of his family members as beneficiaries.

SEC remarks

As a result of the sales reported in this Form 4 and an increase in the number of outstanding shares of the Issuer's Common Stock, as of November 15, 2022, the reporting persons are no longer deemed to be 10% owners under Rule 16a-1(a)(1). Therefore. the reporting persons are no longer subject to, and will no longer file reports under, Section 16(a) with respect to transactions in equity securities of the Issuer.

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