Liepitz Karl A 4

What Happened

• Karl A. Liepitz, Vice President, Chief Legal Officer & Secretary of Knife River Corp (KNF), had 8,648 shares withheld by the issuer on 2026-02-12 to satisfy tax withholding obligations upon the vesting of restricted stock units. The withheld shares were valued at $81.74 each, totaling approximately $706,888. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-02-12
• Price used for withholding: $81.74 per share
• Shares withheld/disposed: 8,648; total value ≈ $706,888
• Transaction code: F (shares withheld to cover tax liability on RSU vesting)
• Footnotes: F1 confirms shares were withheld to cover taxes on RSU vesting; F2 notes the plan’s share count may fluctuate daily based on fund activity
• Shares owned after transaction: Not specified in this filing
• Filing timeliness: Form filed 2026-02-17 (filed after the typical two-business-day Form 4 deadline for a 2026-02-12 trade)

Context

• This was a routine, non-cash tax-withholding event related to vested restricted stock units, not a market sale that would signal a decision to liquidate holdings. Tax-withholding dispositions are common when RSUs vest and generally reflect tax requirements rather than insider sentiment.