Form 4: Hawthorn Bancshares Director Jonathan Holtaway Increases Stake Through IRA

Jonathan Holtaway, a director of Hawthorn Bancshares, acquired additional shares of common stock through his IRA in two transactions on March 7th and 8th, 2024.

Summary

• On March 7, 2024, Jonathan Holtaway purchased 7,100 shares of Hawthorn Bancshares common stock at $19.95 per share through his IRA.
• On March 8, 2024, he purchased an additional 2,900 shares at $20.10 per share through his IRA.
• Following these transactions, Holtaway indirectly owns 10,000 shares through his IRA.
• Holtaway also indirectly owns 407,513 shares through Ategra Community Financial Institution Fund, LP, where he serves as an owner and managing member of the general partner and co-portfolio manager.
• Holtaway disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's purchase suggests confidence, but it's a routine transaction.

Positives

• The director's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Insider buying is often seen as a positive sign, suggesting that those with the most knowledge of the company's prospects are optimistic about its future.

Stakeholder Impact

• The director's purchase could positively influence shareholder sentiment.

Key Dates