Knife River Corp — Director's Dealing 2024

Feb 26, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Knife River Corp (KNF)
CIK: 0001955520
Period of Report: 2024-02-22

Reporting Person: Liepitz Karl A (VP, Chief Legal Officer & Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-22	Common Stock	A	4348.0000	$0.0000	Acquired	57904.0000	Direct
2024-02-22	Common Stock	F	5243.0000	$72.5500	Disposed	52661.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock - 401(k)	1897.5242	Indirect

Footnotes

F1: Represents restricted stock units (RSUs) that vest on December 31, 2026, provided that the reporting person remains employed by the issuer as of the vesting date. Each RSU represents the contingent right to receive one share of the issuer's common stock.

F2: Includes 13,678 RSUs that vested on December 31, 2023; 17,993 RSUs that vest on December 31, 2024; and 21,885 RSUs that vest on December 31, 2025, provided, in each case, that the reporting person remains employed by the issuer as of the applicable vesting date. Each RSU represents or represented, as applicable, the contingent right to receive one share of the issuer's common stock. Such RSUs were converted from certain previously granted equity-based awards of MDU Resources Group, Inc., the issuer's former parent company, in connection with approximately 90% of the issuer's outstanding common stock being distributed to shareholders of MDU Resources Group, Inc. on May 31, 2023.

F3: Represents shares withheld by issuer to cover tax withholding obligations upon vesting of a RSU award.

F4: As of the most recent quarter end, the number of shares may fluctuate daily depending on plan activity in the fund.