Jeffrey L. Malmen - 01 Jan 2026 Form 4 Insider Report for IDACORP INC (IDA)

Role: SVP of Public Affairs
Signature: /s/ Cheryl W. Thompson, Attorney-in-Fact
Issuer symbol: IDA
Transactions as of: 01 Jan 2026
Net transactions value: -$96,366
Form type: 4
Filing time: 05 Jan 2026, 17:52:37 UTC
Previous filing: 23 Dec 2025
Next filing: 07 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Malmen Jeffrey L	SVP of Public Affairs	1221 W IDAHO STREET, BOISE	/s/ Cheryl W. Thompson, Attorney-in-Fact	05 Jan 2026	0001445756

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IDA	Common Stock	Options Exercise	$0	+1,523	+9.3%	$0.000000	17,869	01 Jan 2026	Direct	F1
transaction	IDA	Common Stock	Tax liability	$96,366	-757	-4.2%	$127.30	17,112	02 Jan 2026	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	IDA	Restricted Stock Units	Options Exercise	$0	-1,523	-100%	$0.000000	0	01 Jan 2026	Common Stock	1,523	$0.000000	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of IDA common stock.
F2	The restricted stock units vested on January 1, 2026.