Otto Robert P 4

What Happened

• Otto Robert P, a director of Black Hills Corp. (BKH), sold 4,109 shares in an open-market transaction on May 27, 2026. The sale price was $74.22 per share, yielding proceeds of $304,970. This was a sale (disposition), not a purchase or option exercise.

Key Details

• Transaction date and price: 2026-05-27; 4,109 shares sold at $74.22 per share.
• Total proceeds: $304,970.
• Shares owned after transaction: not specified in the information provided in this summary.
• Filing date: Form 4 filed 2026-05-28 (filed the next day; not marked late).
• Notable footnotes in the filing:
  • F1: 1-for-1 conversion ratio (applies to certain derivative/security conversions).
  • F2: A derivative security is exercisable upon retirement under the agreement’s terms.
  • F3: A derivative security expires upon retirement under the agreement’s terms.

Context

• This was an open-market sale. Open-market sales by insiders are common and can reflect routine liquidity needs or portfolio management; they do not, by themselves, indicate a change in company fundamentals or insider sentiment. The filing includes footnotes about convertible/derivative terms (conversion ratio and retirement-related exercisability/expiration) that relate to other reported securities in the form.