Form 4: Hawthorn Bancshares Insider Transactions: Ategra Community Financial Institution Fund Sells Shares

Ategra Community Financial Institution Fund, LP sold a total of 1,404 shares of Hawthorn Bancshares stock across two transactions.

Summary

• Ategra Community Financial Institution Fund, LP sold 1,015 shares of Hawthorn Bancshares (HWBK) common stock on December 6, 2024, at a price of $32.25 per share.
• The fund then sold an additional 389 shares on December 9, 2024, at a slightly lower price of $32.05 per share.
• These transactions resulted in a total sale of 1,404 shares by the fund.
• Jonathan D. Holtaway, who is an owner and managing member of the general partner of Ategra Community Financial Institution Fund, LP, disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document reports insider selling, which is neither inherently positive nor negative. The transactions are relatively small and the insider disclaims beneficial ownership, suggesting a neutral sentiment.

Risks

• The sale of shares by a fund associated with an insider could be perceived negatively by the market, potentially impacting the stock price.

Management Comments

• Jonathan D. Holtaway disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.

Industry Context

Insider transactions are a normal part of the financial markets, and this filing provides transparency into the trading activity of individuals and entities associated with Hawthorn Bancshares.

Comparison to Industry Standards

• Insider trading activity is common across all publicly listed companies, and the reporting of these transactions is a standard regulatory requirement.
• The size of the transactions is relatively small compared to the overall market capitalization of Hawthorn Bancshares, suggesting it is not a major market event.

Stakeholder Impact

• The sale of shares by Ategra Community Financial Institution Fund, LP may have a minor impact on shareholder sentiment.

Key Dates

Keywords

Hawthorn Bancshares, HWBK, Ategra Community Financial Institution Fund, Insider Trading, Stock Sale, Jonathan D. Holtaway