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Director's Dealing 2026

Feb 13, 2026

31112_dirs_2026-02-13_92fc4ccc-22e2-429a-b3d4-b3a16808a367.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACK HILLS CORP /SD/ (BKH)
CIK: 0001130464
Period of Report: 2026-02-12

Reporting Person: Evans Linden R (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-12	Common Stock	A	9036	$73.21	Acquired	178639.652	Direct
2026-02-12	Common Stock	F	3555.666	$73.21	Disposed	175083.986	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4490.861	Indirect

Footnotes

F1: Shares acquired through the 2023-2025 Performance Share Plan under the Company's Omnibus Incentive Plan.

F2: Shares used to pay tax withholding associated with 2023-2025 Performance Shares Plan payout from 2-12-2026.

F3: Due to a temporary software issue, the post-transaction share balance is understated by 1,000 shares. The reporting person actually owns 176,083.986 shares.