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BLACK HILLS CORP /SD/ Director's Dealing 2026

Feb 6, 2026

31112_dirs_2026-02-06_e2721df0-3322-416f-b7b5-12821f81fdf0.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: BLACK HILLS CORP /SD/ (BKH)
CIK: 0001130464
Period of Report: 2024-12-31

Reporting Person: Otto Robert P (N/A)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-03-01 Common Stock I 519.9334 Acquired 12951.2482 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-03-01 Phantom Stock Unit $ A 407.9377 Acquired Common Stock (407.9377) Indirect

Footnotes

F1: Shares acquired through the Company's Dividend Reinvestment Plan.

F2: 1 for 1 conversion ratio

F3: Derivative security is exercisable upon retirement under terms of the agreement.

F4: Derivative security expires upon retirement under terms of the agreement.