Darnell Ronald N.

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PS: Planned sale, O: Option / Other

Notification date	Transaction date	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value	Details
2019-03-08	2019-03-05	PNM Resources Inc (PNM)	S Sale	5,000 -18.5% 44.66 USD 223,300	5,000 -18.5%	44.66	USD 223,300
2018-03-06	2018-03-05	PNM Resources Inc (PNM)	S Sale	3,162 -11.5% 35.95 USD 113,674	3,162 -11.5%	35.95	USD 113,674
2017-08-14	2017-08-11	PNM Resources Inc (PNM)	S Sale	5,000 -17.2% 40.97 USD 204,850	5,000 -17.2%	40.97	USD 204,850
2013-08-09	2013-08-08	PNM Resources Inc (PNM)	S Sale	3,434 -50.0% 23.88 USD 82,004	3,434 -50.0%	23.88	USD 82,004
2012-03-12	2012-03-09	PNM Resources Inc (PNM)	S Sale	6,866 -29.2% 18.63 USD 127,914	6,866 -29.2%	18.63	USD 127,914
2012-03-12	2012-03-09	PNM Resources Inc (PNM)	S Sale	4,667 -21.9% 18.63 USD 86,946	4,667 -21.9%	18.63	USD 86,946