Robert P. Otto - 30 Apr 2023 Form 4 Insider Report for BLACK HILLS CORP /SD/ (BKH)

Role: Director
Signature: /s/Lorna J. Gunderman
Issuer symbol: BKH
Transactions as of: 30 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 02 May 2023, 18:40:42 UTC
Previous filing: 01 Feb 2023
Next filing: 03 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BKH	Common Stock	Other		+57	+1.1%		5,287	30 Apr 2023	Direct	F1

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
holding	BKH	Phantom Stock Unit						8,480	30 Apr 2023	Common Stock	8,480		By Trust	F2, F3, F4

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

Explanation of Responses:

Id	Content
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.