We investigated the impact of mutation K1126I reported to be associated with hypokalemic periodic paralysis, but not yet characterized. The location of this mutation is the extracellular positive charge in domain III S4, and characterization of artificial mutations at this locus suggest it is outside the electric field. We used cut-open oocyte electrophysiology to characterize the steady-state and kinetic gating parameters in wild type hNaV1.4, K1126I in both the native background and with incorporation of the 1303IFM/QQQ mutation to isolate activation from fast inactivation. K1126I produced an 11 mV hyperpolarizing (left-)shift in the midpoint of the steady-state fast inactivation curve, and decreased slope. Activation midpoint was left-shifted by 4 mV by K1126I with decreased slope. Recovery from fast inactivation was slowed and entry from closed states was accelerated by K1126I, with open-state fast inactivation and deactivation not significantly altered. Simulated action potentials for which steady-state fast inactivation and activation parameters were incorporated showed a 10 mV attenuation of the skeletal muscle fiber action potential. We used the IFM/QQQ background to compare slow inactivation in wild type and K1126I channels. The midpoint of the steady-state slow inactivation was hyperpolarized by 8 mV in K1126I/QQQ compared to hNaV1.4 / QQQ, with onset unaffected and recovery accelerated. This work was supported by an Institutional Development Award (IDeA) from the National Institute of General Medical Sciences of the National Institutes of Health under Grant #P20GM103408.