Form 4: Hawthorn Bancshares Director Jonathan Holtaway Sells Shares

Director Jonathan Holtaway reports selling Hawthorn Bancshares (HWBK) stock indirectly through Ategra Community Financial Institution Fund, LP.

Summary

• Jonathan Holtaway, a director of Hawthorn Bancshares, Inc. (HWBK), reported changes in beneficial ownership of the company's common stock.
• On February 5, 2025, 6,604 shares were sold at a price of $32.97.
• On February 6, 2025, 839 shares were sold at a price of $32.85.
• These transactions were conducted indirectly through Ategra Community Financial Institution Fund, LP, where Holtaway serves as an owner and managing member of the general partner.
• Following these transactions, Holtaway indirectly owns 369,280 shares through Ategra Community Financial Institution Fund, LP and 28,500 shares through an IRA.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the insider selling shares, which could raise concerns among investors, although the reason for the sale is not specified.

Negatives

• A director is selling shares, which could be interpreted negatively by the market.

Risks

• Continued selling by insiders could put downward pressure on the stock price.

Industry Context

Insider transactions are closely watched by investors as they can provide insights into management's perspective on the company's prospects. However, sales do not always indicate a negative outlook, as they can be driven by personal financial needs or diversification strategies.

Stakeholder Impact

• Shareholders may react to the news of insider selling, potentially impacting the stock price.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely minimal unless the selling signals a broader issue within the company.

Key Dates

Keywords

Hawthorn Bancshares, HWBK, Jonathan Holtaway, insider trading, Form 4, stock sale, Ategra Community Financial Institution Fund