Linden R. Evans - 01 Dec 2025 Form 4 Insider Report for BLACK HILLS CORP /SD/ (BKH)

Role: President and CEO
Signature: /s/Travis Frederickson
Issuer symbol: BKH
Transactions as of: 01 Dec 2025
Net transactions value: +$585
Form type: 4
Filing time: 18 Feb 2026, 18:26:15 UTC
Previous filing: 20 Feb 2025
Next filing: 10 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Evans Linden R	President and CEO	PO BOX 1400, RAPID CITY	/s/Travis Frederickson	18 Feb 2026	0001305656

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BKH	Common Stock	Gift		-2,580	-1.5%		172,504	17 Feb 2026	Direct	F1
transaction	BKH	Common Stock	Gift		-3,731	-2.2%		168,773	17 Feb 2026	Direct	F2
transaction	BKH	Common Stock	Other	$585	+8	+0%	$72.45	168,781	01 Dec 2025	Direct	F3, F4
holding	BKH	Common Stock						4,491	01 Dec 2025	By 401K

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

Explanation of Responses:

Id	Content
F1	Gifting of shares
F2	Charitable donation.
F3	Shares acquired through the Company's Dividend Reinvestment Plan.
F4	Due to a temporary software issue, the post-transaction share balance is understated by 1,000 shares. The reporting person actually owns 169,781.063 shares.