Form 4: First Interstate Bancsystem Insider Gifts Shares

James R. Scott, a Director and 10% owner of First Interstate Bancsystem, reported multiple intra-group gifts of common stock totaling 1,510 shares.

Summary

• James R. Scott, a Director and 10% owner of First Interstate Bancsystem Inc. (FIBK), reported two separate bona fide gift transactions of common stock.
• On December 8, 2025, 755 shares were gifted from the James R. Scott Trust to the Foundation for Community Vitality.
• On December 12, 2025, an additional 755 shares were gifted from James R. Scott's spouse to the Foundation for Community Vitality.
• All transactions were executed at a price of $0 per share.
• The James R. Scott Trust, James R. Scott's spouse, and the Foundation for Community Vitality are all considered part of the reporting group, which shares beneficial ownership.
• Following these transactions, the reported beneficial ownership for the group is stated as 4,433,966 shares after dispositions and 4,433,211 shares after acquisitions, reflecting a net decrease of 755 shares in the group's total beneficial ownership.

Sentiment

Score: 5

Explanation: Neutral. The filing reports intra-group gifts of shares, which are routine insider transactions and do not reflect positive or negative operational performance. The slight net decrease in reported group beneficial ownership is minor.

Positives

• Bona fide gifts indicate philanthropic activity by the reporting person and related entities.
• The shares remain within entities associated with the reporting person's group, suggesting continued long-term interest in the company.

Negatives

• A net decrease of 755 shares in the total beneficial ownership of the reporting group is observed, moving from 4,433,966 to 4,433,211 shares. This occurs despite the transactions being intra-group gifts, suggesting a slight reduction in the overall stake held by the broader insider group.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This Form 4 filing reports routine insider transactions (gifts) and does not provide information directly related to broader industry trends or competitive landscape for the banking sector.

Related Party Transactions

• Bona fide gifts of common stock occurred between entities and individuals within the reporting group (James R. Scott's spouse, James R. Scott Trust, and Foundation for Community Vitality).

Stakeholder Impact

• Shareholders: A minor change in the overall beneficial ownership reported by a significant insider group, but the transactions are gifts and do not reflect a sale or purchase in the open market.
• Employees, customers, suppliers, creditors: No direct impact from these insider gift transactions.

Next Steps

• Reporting persons expect to file future Forms 4 and 5, if any, together with James R. Scott.

Key Dates

Recommendation

This Form 4 reports routine insider gift transactions between related entities and individuals. While there's a minor net decrease in the reported beneficial ownership for the insider group, it's not indicative of a change in the company's fundamentals or a significant shift in insider sentiment that would warrant a 'buy' or 'sell' recommendation. The shares remain within entities associated with the insider, suggesting continued long-term interest. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

First Interstate Bancsystem, FIBK, SEC Form 4, Insider Trading, Beneficial Ownership, Stock Gift, Director Transaction, 10% Owner, Equity Transfer