Form 4: FIBK Director Sells Shares, Maintains Large Stake

First Interstate BancSystem Director Jonathan R. Scott sold 7,000 shares of common stock, retaining significant indirect ownership.

Summary

• Jonathan R. Scott, a Director and 10% Owner of First Interstate BancSystem Inc. (FIBK), reported a sale of common stock.
• On October 29, 2025, 7,000 shares of FIBK common stock were disposed of.
• The shares were sold at a weighted average price of $32.09, with individual transaction prices ranging from $32.00 to $32.64.
• Following this transaction, Jonathan R. Scott, through various indirect holdings, beneficially owns 945,824 shares of FIBK common stock.
• Indirect holdings include shares held by the Jonathan R Scott Trust, IXL Limited Liability Company, Holland Elizabeth Scott Trust, Harper Grace Scott Trust, Harrison William Scott Trust, and Jonathan Scott's spouse.

Sentiment

Score: 5

Explanation: Neutral, as it is a routine insider transaction filing that reports a factual event without explicit positive or negative business implications for the company's operations or financial health.

Negatives

• A Director and 10% owner, Jonathan R. Scott, sold 7,000 shares of common stock, which can sometimes be interpreted by investors as a signal, though personal liquidity needs are also a common reason for such transactions.

Risks

• No specific business risks are detailed in this insider transaction report.

Future Outlook

This Form 4 filing does not provide any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the stated ranges upon request to First Interstate BancSystem, Inc., any security holder, or the SEC staff.

Industry Context

This filing is an insider transaction report and does not provide broader industry context or trends.

Corporate Governance

Related Party Transactions

• Jonathan R. Scott's beneficial ownership includes shares held by various family trusts (Jonathan R Scott Trust, Holland Elizabeth Scott Trust, Harper Grace Scott Trust, Harrison William Scott Trust) and IXL Limited Liability Company, as well as shares held by his spouse.
• Reporting persons may be deemed members of a group with other signatories to certain agreements involving the Issuer and other stockholders, potentially sharing beneficial ownership of securities.

Stakeholder Impact

• Shareholders: A director and 10% owner selling shares could be interpreted by investors as a signal regarding the company's prospects, potentially influencing investor sentiment, although such sales often occur for personal financial planning reasons.

Next Steps

• Reporting persons expect to file future Forms 4 and 5, if any, together with Jonathan R. Scott, with ownership indicated from Jonathan R. Scott's perspective.

Key Dates

Recommendation

A director and 10% owner selling shares is a notable event, but without additional context regarding the company's financial performance, strategic direction, or the insider's personal financial situation, it is difficult to draw definitive conclusions. This transaction alone does not provide sufficient grounds for a strong buy or sell recommendation, thus a 'hold' stance is prudent while awaiting further information or broader market trends.

Keywords

FIBK, First Interstate BancSystem, Jonathan R. Scott, Insider Trading, Form 4, Stock Sale, Director, 10% Owner, Beneficial Ownership