TARRY JOSEPH DON (President and CEO) exercised options at TXNM ENERGY INC

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

M · 3 exercises

TARRY JOSEPH DON

Filed: 3/9/2026ACC: 0001637037-26-000004

InsiderTARRY JOSEPH DONCIK 1637037

→

IssuerTXNM ENERGY INCCIK 1108426

DirectorOfficer· President and CEO

Since Mar 2026

-3.28K

Net shares

Net seller

$193.2K

Total sold

Open market trades

0B · 0S

Total transactions

7.25K acquired · 10.53K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+1.70K

Price / share

—

Trade value

—

% of position

3.1%

3/7/2026

54.26K→55.96K

Common Stock

Direct

F · Tax Withholding

−770.00

Price / share

$58.88

Trade value

$45.34K

% of position

1.4%

3/7/2026

55.96K→55.19K

Common Stock

Direct

M · Option Exercise

+2.42K

Price / share

—

Trade value

—

% of position

4.4%

3/7/2026

55.19K→57.61K

Common Stock

Direct

F · Tax Withholding

−1.10K

Price / share

$58.88

Trade value

$64.59K

% of position

1.9%

3/7/2026

57.61K→56.51K

Common Stock

Direct

M · Option Exercise

+3.12K

Price / share

—

Trade value

—

% of position

5.5%

3/7/2026

56.51K→59.64K

Common Stock

Direct

F · Tax Withholding

−1.41K

Price / share

$58.88

Trade value

$83.26K

% of position

2.4%

3/7/2026

59.64K→58.22K

Total

Net shares

+3.97K

Net value

-$193.19K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/7/2026	M · Option Exercise	+1.70K	—	—	3.1%	54.26K	55.96K
Common Stock Direct	3/7/2026	F · Tax Withholding	−770.00	$58.88	$45.34K	1.4%	55.96K	55.19K
Common Stock Direct	3/7/2026	M · Option Exercise	+2.42K	—	—	4.4%	55.19K	57.61K
Common Stock Direct	3/7/2026	F · Tax Withholding	−1.10K	$58.88	$64.59K	1.9%	57.61K	56.51K
Common Stock Direct	3/7/2026	M · Option Exercise	+3.12K	—	—	5.5%	56.51K	59.64K
Common Stock Direct	3/7/2026	F · Tax Withholding	−1.41K	$58.88	$83.26K	2.4%	59.64K	58.22K
Total			+3.97K		-$193.19K

Derivative Transactions3

Restricted Stock Rights

Direct

M · Option Exercise

Converts to

Common Stock

1.70K shares

−1.70K

Strike price

Held after

31.51K

Exercisable

—

3/7/2026

Restricted Stock Rights

Direct

M · Option Exercise

Converts to

Common Stock

2.42K shares

−2.42K

Strike price

Held after

29.08K

Exercisable

—

3/7/2026

Restricted Stock Rights

Direct

M · Option Exercise

Converts to

Common Stock

3.12K shares

−3.12K

Strike price

Held after

25.96K

Exercisable

—

3/7/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Rights Direct	Common Stock1.70K shares	3/7/2026	M · Option Exercise	−1.70K	—	31.51K
Restricted Stock Rights Direct	Common Stock2.42K shares	3/7/2026	M · Option Exercise	−2.42K	—	29.08K
Restricted Stock Rights Direct	Common Stock3.12K shares	3/7/2026	M · Option Exercise	−3.12K	—	25.96K