Form 4: HBT Financial Executive Chairman Fred L. Drake Sells Shares

Fred L. Drake, Executive Chairman of HBT Financial, Inc., reports the sale of 5,000 shares of common stock at $25.02 per share.

Summary

• Fred L. Drake, the Executive Chairman of HBT Financial, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 11, 2025, Mr. Drake sold 5,000 shares of HBT Financial common stock at a price of $25.02 per share.
• Following the transaction, Mr. Drake directly owns 46,003 shares and indirectly owns 32,825 shares through the Fred L. Drake Revocable Trust.
• He also indirectly owns 17,210,400 shares through the Heartland Bancorp, Inc. Voting Trust, for which he serves as trustee.
• Mr. Drake disclaims beneficial ownership of the shares held by the Voting Trust except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of share transactions. The sale itself doesn't necessarily indicate a positive or negative outlook.

Risks

• The sale of shares by a key executive could be perceived negatively by the market.

Management Comments

• Mr. Drake disclaims beneficial ownership of the shares held by the Voting Trust except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The sale of shares by a key executive could influence investor sentiment.

Key Dates