NORTHERN OIL & GAS, INC.

(4)The number of shares indicated and the information below is based on information reported to the SEC in Amendment No. 1 to Schedule 13G filed by American Century Companies, Inc. on August 14, 2025, reporting ownership of our common stock as of June 30, 2025. American Century Companies, Inc. has sole voting power with respect to 7,855,542 shares of common stock and sole dispositive power with respect to 8,033,428 shares of common stock. American Century Companies, Inc. is deemed to be the beneficial owner of 8,033,428 shares of common stock.

(5)The number of shares indicated and the information below is based on information reported to the SEC in Amendment No. 7 to Schedule 13G filed by FMR LLC on February 5, 2026, reporting ownership of our common stock as of December 31, 2025. Amount reported represents shares of our common stock directly or indirectly held by FMR LLC. FMR LLC has sole power to vote with respect to 6,903,835.35 shares of common stock and sole dispositive power with respect to 6,924,371.79 shares of common stock. FMR LLC is deemed to be the beneficial owner of 6,924,371.79 shares of common stock. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders’ voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders’ voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC.

(6)Mr. Easley is not standing for re-election as a director in 2026.

(7)Mr. O’Grady also serves as a director.