Form 4: First Interstate BancSystem Director Jonathan Scott Sells 20,000 Shares

Director Jonathan Scott, along with related entities, reports the sale of 20,000 shares of First Interstate BancSystem Inc. at an average price of $31.60, while maintaining significant beneficial ownership.

Summary

• Jonathan R. Scott, a director and 10% owner of First Interstate BancSystem Inc. (FIBK), reported the sale of 20,000 shares of common stock on July 30, 2024.
• The shares were sold at a weighted average price of $31.60, with individual transaction prices ranging from $31.52 to $31.64.
• Following the transaction, Scott directly owns 14,114 shares and indirectly owns 987,260 shares through various trusts and entities.
• These entities include the Jonathan R Scott Trust, IXL Limited Liability Company, Holland Elizabeth Scott Trust, Harper Grace Scott Trust, Harrison William Scott Trust, and shares held by Jonathan Scott's spouse.
• The reporting persons may be deemed members of a group and may be deemed to share beneficial ownership of the securities reported.
• The reporting persons expect to file future Forms 4 and 5 together with Jonathan R. Scott with the indication of direct or indirect ownership in Table I and Table II being made from Jonathan R. Scott's perspective.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading. It doesn't convey any strong positive or negative sentiment about the company's performance or future prospects.

Future Outlook

The reporting persons expect to file future Forms 4 and 5 together with Jonathan R. Scott with the indication of direct or indirect ownership in Table I and Table II being made from Jonathan R. Scott's perspective.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the director retains a significant ownership stake.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely minimal.

Key Dates