Akradi Bahram 4

What Happened
Akradi Bahram, a director of NORTHERN OIL & GAS, INC. (NOG), purchased 25,760 common shares in an open-market transaction on June 22, 2026. The purchases were made at a weighted average price of $19.40 per share for a total reported cost of $499,741. This transaction is a straight purchase (code P), which many investors view as a more informative/bullish signal than routine sales.

Key Details

• Transaction date: June 22, 2026 (reported on Form 4 filed June 24, 2026). Filing appears timely (within the usual two-business-day window).
• Shares purchased: 25,760; weighted average price: $19.40; total reported value: $499,741.
• Price range: purchases occurred at prices between $19.330 and $19.510 per share (per footnote). The reporting person offered to provide a per-price breakdown on request.
• Transaction type: Open-market purchase (Form 4 code P).
• Shares owned after transaction: Not specified in the excerpt provided from the filing.
• No indication in the provided filing of a 10b5-1 plan, gift, option exercise, or tax-withholding disposition.

Context

• This was a cash purchase of common stock (not an option exercise or award). Open-market buys by directors can indicate personal conviction, though they do not prove future performance.
• The footnote clarifies the aggregated nature of multiple trades on the same day and the available breakdown by price on request to SEC staff, the issuer, or a security holder.