Form 4: Hawthorn Bancshares Director Jonathan Holtaway Increases Stake Through Open Market Purchases

Jonathan Holtaway, a director of Hawthorn Bancshares, recently acquired 11,000 shares of common stock through open market purchases, increasing his indirect holdings.

Summary

• On April 29, 2024, Jonathan Holtaway purchased 5,500 shares of Hawthorn Bancshares (HWBK) common stock at a price of $19.19 per share.
• On April 30, 2024, he purchased another 5,500 shares at $18.76 per share.
• These shares are held indirectly through his IRA.
• Following these transactions, Holtaway indirectly owns 26,500 shares through his IRA.
• He 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, president and managing member of the registered investment advisor, 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 filing.

Positives

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

Management Comments

• The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

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. However, it's important to consider the size of the purchases relative to the director's overall holdings and the company's market capitalization.

Stakeholder Impact

• Shareholders may view the director's purchase as a positive signal.

Key Dates