COLLAWN PATRICIA K (EXECUTIVE CHAIR) exercised options at TXNM ENERGY INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

COLLAWN PATRICIA K

Filed: 3/9/2026ACC: 0001083786-26-000006

InsiderCOLLAWN PATRICIA KCIK 1083786

→

IssuerTXNM ENERGY INCCIK 1108426

DirectorOfficer· EXECUTIVE CHAIR

Since Mar 2026

-9.89K

Net shares

Net seller

$582.1K

Total sold

Open market trades

0B · 0S

Total transactions

21.84K acquired · 31.73K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+6.02K

Price / share

—

Trade value

—

% of position

0.8%

3/7/2026

764.51K→770.53K

Common Stock

Direct

F · Tax Withholding

−2.72K

Price / share

$58.88

Trade value

$160.39K

% of position

0.4%

3/7/2026

770.53K→767.81K

Common Stock

Direct

M · Option Exercise

+8.58K

Price / share

—

Trade value

—

% of position

1.1%

3/7/2026

767.81K→776.39K

Common Stock

Direct

F · Tax Withholding

−3.88K

Price / share

$58.88

Trade value

$228.57K

% of position

0.5%

3/7/2026

776.39K→772.50K

Common Stock

Direct

M · Option Exercise

+7.25K

Price / share

—

Trade value

—

% of position

0.9%

3/7/2026

772.50K→779.75K

Common Stock

Direct

F · Tax Withholding

−3.28K

Price / share

$58.88

Trade value

$193.13K

% of position

0.4%

3/7/2026

779.75K→776.47K

Total

Net shares

+11.96K

Net value

-$582.09K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/7/2026	M · Option Exercise	+6.02K	—	—	0.8%	764.51K	770.53K
Common Stock Direct	3/7/2026	F · Tax Withholding	−2.72K	$58.88	$160.39K	0.4%	770.53K	767.81K
Common Stock Direct	3/7/2026	M · Option Exercise	+8.58K	—	—	1.1%	767.81K	776.39K
Common Stock Direct	3/7/2026	F · Tax Withholding	−3.88K	$58.88	$228.57K	0.5%	776.39K	772.50K
Common Stock Direct	3/7/2026	M · Option Exercise	+7.25K	—	—	0.9%	772.50K	779.75K
Common Stock Direct	3/7/2026	F · Tax Withholding	−3.28K	$58.88	$193.13K	0.4%	779.75K	776.47K
Total			+11.96K		-$582.09K

Derivative Transactions3

Restricted Stock Rights

Direct

M · Option Exercise

Converts to

Common Stock

6.02K shares

−6.02K

Strike price

Held after

52.24K

Exercisable

—

3/7/2026

Restricted Stock Rights

Direct

M · Option Exercise

Converts to

Common Stock

8.58K shares

−8.58K

Strike price

Held after

43.66K

Exercisable

—

3/7/2026

Restricted Stock Rights

Direct

M · Option Exercise

Converts to

Common Stock

7.25K shares

−7.25K

Strike price

Held after

36.42K

Exercisable

—

3/7/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Rights Direct	Common Stock6.02K shares	3/7/2026	M · Option Exercise	−6.02K	—	52.24K
Restricted Stock Rights Direct	Common Stock8.58K shares	3/7/2026	M · Option Exercise	−8.58K	—	43.66K
Restricted Stock Rights Direct	Common Stock7.25K shares	3/7/2026	M · Option Exercise	−7.25K	—	36.42K