Anderson Shawn 4

What Happened

• Shawn Anderson, Executive Vice President & Chief Financial Officer of NiSource Inc. (NI), sold 12,500 shares on February 13, 2026 at $45.01 per share, generating proceeds of approximately $562,625.
• The transaction was a sale (not a purchase); sales by insiders are often routine (e.g., diversification or pre-set plans) and do not necessarily indicate a change in company outlook.

Key Details

• Transaction date and price: February 13, 2026 — 12,500 shares @ $45.01 each; total proceeds ~$562,625.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Notable footnotes: (F1) Sale executed automatically under a Rule 10b5-1 trading plan adopted Nov 10, 2025; (F2) and (F3) reference shares acquired via dividend reinvestment and the NiSource Retirement Savings Plan through Feb 13, 2026.
• Filing timeliness: Form filed Feb 17, 2026; based on the transaction date and filing date, the report appears to have been submitted within the required reporting window.

Context

• The sale was made under a pre-established Rule 10b5-1 plan, which specifies automated trades and helps insiders avoid timing claims; such planned sales are common and do not necessarily reflect insider sentiment.
• For retail investors: purchases by insiders tend to be more informative than routine sales; this report documents a routine, plan-based disposition of shares.