X0306 4 2021-07-23 0 0001104485 NORTHERN OIL & GAS, INC. NOG 0001436419 Rowling Robert B. 4001 MAPLE AVE, SUITE 600 DALLAS TX 75219 0 0 1 0 0001376323 TRT Holdings Inc 4001 MAPLE AVE, SUITE 600 DALLAS TX 75219 0 0 1 0 0001660745 Cresta Investments, LLC 4001 MAPLE AVE, SUITE 600 DALLAS TX 75219 0 0 1 0 0001660744 Cresta Greenwood, LLC 4001 MAPLE AVE, SUITE 600 DALLAS TX 75219 0 0 1 0 0001802062 TTBR Investments LLC 4001 MAPLE AVE, SUITE 600 DALLAS TX 75219 0 0 1 0 0001802054 TRBRJR Investments LLC 4001 MAPLE AVE, SUITE 600 DALLAS TX 75219 0 0 1 0 Common Stock, $0.001 par value per share 2021-07-23 5 G 0 E 677488 0.00 D 9128431 D Common Stock, $0.001 par value per share 677488 I By Rowling Family 2012 Long Term Trust 6.5% Series A Perpetual Cum. Convertible Preferred Stock 2021-07-23 5 G 0 E 21894 0.00 D 2020-02-20 Common Stock 95523 0 D 6.5% Series A Perpetual Cum. Convertible Preferred Stock 2020-02-20 Common Stock 95523 21894 I By Rowling Family 2012 Long Term Trust The reported transaction is a gift by Robert B. Rowling of Common Stock that was directly owned by him to the Rowling Family 2012 Long Term Trust (the "Trust"), a family trust for which Mr. Rowling serves as trustee and of which his family members are the beneficiaries. 6,876,829 of the shares of Common Stock reported as directly owned are owned directly by TRT Holdings, Inc., 1,774,980 of such shares are owned directly by Cresta Investments, LLC, 134,422 of such shares are owned directly by Cresta Greenwood, LLC, 171,100 of such shares are owned directly by TTBR Investments LLC, and 171,100 of such shares are owned directly by TRBRJR Investments LLC. Mr. Rowling may be deemed to beneficially own all of the securities reported as directly owned due to his ownership interests in each of the foregoing entities. Each share of Preferred Stock is convertible at any time at the election of the holder into shares of Common Stock, at a conversion rate of 4.363 shares of Common Stock per share of Preferred Stock, subject to adjustment as provided in the Certificate of Designations. The "conversion price" at any time means $100, divided by the conversion rate in effect at such time. The Preferred Stock is also subject to mandatory conversion at the election of the Issuer if the closing sales price of the Common Stock of the Issuer equals or exceeds 145% of the conversion price for at least 20 trading days (whether or not consecutive) in a period of 30 consecutive trading days, including the last trading day of such 30-trading day period. The reported transaction is a gift by Robert B. Rowling of Preferred Stock that was directly owned by him to the Trust. The Preferred Stock is perpetual and therefore has no expiration date. /s/ Robert B. Rowling 2021-07-30 /s/ Paul A. Jorge, Senior Vice President, on behalf of TRT Holdings, Inc. 2021-07-30 /s/ Paul A. Jorge, Secretary, on behalf of Cresta Investments, LLC 2021-07-30 /s/ Paul A. Jorge, Vice President, on behalf of Cresta Greenwood, LLC 2021-07-30 /s/ Paul A. Jorge, Vice President, on behalf of TTBR Investments LLC 2021-07-30 /s/ Paul A. Jorge, Vice President, on behalf of TRBRJR Investments LLC 2021-07-30