Company: SDSYA
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001163609-25-000013
Chunk: 27

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 27
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     |   |
| Gary Goplen (1)          |     |              | 1 |     |            |     | * |     |              | 12,500 |     |            |     | * |
| Brian Hicks (2)          |     |              | 1 |     |            |     | * |     |              |  9,000 |     |            |     | * |
| William Louwagie         |     |              | 1 |     |            |     | * |     |              |  7,500 |     |            |     | * |

* Percentage of shares beneficially owned does not exceed 1% of the class.

(1) Includes 5,000 capital units owned by Mr. Goplen's wife

(2) Represents capital units owned by Brian David Hicks Revocable Living Trust of which Mr. Hicks is a trustee.

### CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS

#### Transactions in Fiscal Years 2023 and 2024
Since 2022, we have not entered into any related person transactions and there are no currently proposed related person transactions except as described in the “Executive Officers and Executive Compensations” section of this proxy statement or as described below. Related person transactions are transactions in which we are a participant, the amount involved exceeds $120,000 and a related person has or will have a direct or indirect material interest. Related persons of the Company include managers of the board (including nominees for election as managers), executive officers, beneficial holders of more than 5% of our capital units and the immediate family members of these persons.

In the ordinary course of business, we regularly enter into transactions to purchase soybeans. From time to time, we may buy soybeans from related persons on the same basis as we buy soybeans from unrelated parties. In fiscal year 2024, we purchased soybeans in the approximate amount of $646,000 from Brandon Hope and $558,000 from Craig Weber. Messrs. Hope and Weber are members of our board.

In fiscal year 2023, we purchased soybeans in the amount of $399,000 from Brandon Hope, a member of our board.

Process for Review, Approval or Ratification of Transactions with Related Persons

We do not have any formal policies and procedures for the review, approval or ratification of related person transactions except as set forth under our operating agreement. Under our operating agreement, all acts of the board are