BLACK HILLS CORP

Ticker: BKH CUSIP: 092113109 Class: COM

CWM, LLC's Holding History (CIK: 0001535847)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 47,974 Value ($000) $3 Avg Close $66.47 Range $58.20 - $73.32

Q3 2025

Shares 42,903 Value ($000) $3 Avg Close $57.38 Range $54.13 - $60.96

Q2 2025

Shares 8,969 Value ($000) $1 Avg Close $56.47 Range $52.67 - $59.65

Q1 2025

Shares 5,863 Value ($000) $0 Avg Close $56.47 Range $52.15 - $59.45

Q4 2024

Shares 7,144 Value ($000) $0 Avg Close $57.33 Range $53.67 - $62.19

Q3 2024

Shares 6,386 Value ($000) $0 Avg Close $54.39 Range $49.37 - $58.14

Q2 2024

Shares 4,650 Value ($000) $0 Avg Close $50.26 Range $46.53 - $53.93

Q1 2024

Shares 2,291 Value ($000) $0 Avg Close $47.73 Range $44.68 - $50.77

Q4 2023

Shares 2,046 Value ($000) $0 Avg Close $46.16 Range $41.54 - $51.76

Q3 2023

Shares 308 Value ($000) $0 Avg Close $50.50 Range $44.92 - $54.81

Q2 2023

Shares 506 Value ($000) $0 Avg Close $55.83 Range $52.26 - $58.57

Q1 2023

Shares 501 Value ($000) $0 Avg Close $57.47 Range $51.53 - $64.19

Q4 2022

Shares 411 Value ($000) $0 Avg Close $58.05 Range $50.78 - $62.96

Q3 2022

Shares 505 Value ($000) $34 Avg Close $64.21 Range $58.14 - $68.58

Q2 2022

Shares 451 Value ($000) $33 Avg Close $63.81 Range $56.66 - $68.52

Q1 2022

Shares 451 Value ($000) $35 Avg Close $58.63 Range $54.02 - $65.73

Q4 2021

Shares 200 Value ($000) $14 Avg Close $55.40 Range $51.95 - $59.51

Q2 2021

Shares 28,042 Value ($000) $1,840 Avg Close $55.86 Range $53.24 - $58.36

Q1 2021

Shares 28,042 Value ($000) $1,840 Avg Close $50.63 Range $47.19 - $55.19

Q4 2020

Shares 28,042 Value ($000) $1,840 Avg Close $48.27 Range $42.45 - $52.98

Q3 2020

Shares 28,042 Value ($000) $1,840 Avg Close $45.64 Range $41.75 - $49.89

Q2 2020

Shares 28,042 Value ($000) $1,840 Avg Close $47.91 Range $41.68 - $55.82

Q1 2020

Shares 28,042 Value ($000) $1,840 Avg Close $59.44 Range $37.90 - $68.25

Q4 2019

Shares 28,042 Value ($000) $1,840 Avg Close $60.15 Range $57.52 - $62.11

Q3 2019

Shares 28,042 Value ($000) $1,840 Avg Close $60.34 Range $54.21 - $62.80

Q2 2019

Shares 28,042 Value ($000) $1,840 Avg Close $58.01 Range $54.08 - $63.38

Q1 2019

Shares 28,042 Value ($000) $1,840 Avg Close $52.65 Range $46.35 - $57.40

Q4 2018

Shares 121 Value ($000) $8 Avg Close $47.68 Range $43.15 - $52.00

Q3 2018

Shares 17 Value ($000) $1 Avg Close $45.23 Range $42.66 - $48.12

Q2 2018

Shares 17 Value ($000) $1 Avg Close $42.43 Range $39.15 - $46.25

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	47,974	$3	$66.47	$58.20 - $73.32
Q3 2025	42,903	$3	$57.38	$54.13 - $60.96
Q2 2025	8,969	$1	$56.47	$52.67 - $59.65
Q1 2025	5,863	$0	$56.47	$52.15 - $59.45
Q4 2024	7,144	$0	$57.33	$53.67 - $62.19
Q3 2024	6,386	$0	$54.39	$49.37 - $58.14
Q2 2024	4,650	$0	$50.26	$46.53 - $53.93
Q1 2024	2,291	$0	$47.73	$44.68 - $50.77
Q4 2023	2,046	$0	$46.16	$41.54 - $51.76
Q3 2023	308	$0	$50.50	$44.92 - $54.81
Q2 2023	506	$0	$55.83	$52.26 - $58.57
Q1 2023	501	$0	$57.47	$51.53 - $64.19
Q4 2022	411	$0	$58.05	$50.78 - $62.96
Q3 2022	505	$34	$64.21	$58.14 - $68.58
Q2 2022	451	$33	$63.81	$56.66 - $68.52
Q1 2022	451	$35	$58.63	$54.02 - $65.73
Q4 2021	200	$14	$55.40	$51.95 - $59.51
Q2 2021	28,042	$1,840	$55.86	$53.24 - $58.36
Q1 2021	28,042	$1,840	$50.63	$47.19 - $55.19
Q4 2020	28,042	$1,840	$48.27	$42.45 - $52.98
Q3 2020	28,042	$1,840	$45.64	$41.75 - $49.89
Q2 2020	28,042	$1,840	$47.91	$41.68 - $55.82
Q1 2020	28,042	$1,840	$59.44	$37.90 - $68.25
Q4 2019	28,042	$1,840	$60.15	$57.52 - $62.11
Q3 2019	28,042	$1,840	$60.34	$54.21 - $62.80
Q2 2019	28,042	$1,840	$58.01	$54.08 - $63.38
Q1 2019	28,042	$1,840	$52.65	$46.35 - $57.40
Q4 2018	121	$8	$47.68	$43.15 - $52.00
Q3 2018	17	$1	$45.23	$42.66 - $48.12
Q2 2018	17	$1	$42.43	$39.15 - $46.25