SCHEDULE 13G/A 0001171520-21-000080 0001599170 XXXXXXXX LIVE 3 Common Stock 12/31/2024 0000921183 HMN Financial Inc. (HMNF) 40424G108 1016 Civic Center Drive, NW Rochester MN 55901 Rule 13d-1(c) FJ Capital Management LLC a DE 0 0 0 0 0 N 0 IA Martin Friedman a X1 0 0 0 0 0 N 0 IN HMN Financial Inc. (HMNF) 1016 Civic Center Drive, NW, Rochester, MN 55901 FJ Capital Management LLC Martin Friedman FJ Capital Management, LLC 7901 Jones Branch Drive, Suite 210 McLean, VA 22102 Martin Friedman 7901 Jones Branch Drive, Suite 210 McLean, VA 22102 FJ Capital Management LLC - Delaware limited liability companies Martin Friedman - United States citizen N FJ Capital Management LLC - 0 shares Martin Friedman - 0 shares FJ Capital Management LLC - 0 % Martin Friedman - 0 % 0 FJ Capital Management LLC - 0 shares Martin Friedman - 0 shares 0 FJ Capital Management LLC - 0 hares Martin Friedman - 0 shares N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. FJ Capital Management LLC Martin Friedman 02/07/2025 Martin Friedman Martin Friedman 02/07/2025