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

Fred L. Drake, Executive Chairman of HBT Financial, Inc., reports the sale of 5,845 shares of common stock at a weighted average price of $25.77.

Summary

• On February 6, 2025, Fred L. Drake, the Executive Chairman of HBT Financial, Inc., sold 5,845 shares of common stock.
• The shares were sold at a weighted average price of $25.77.
• Following the transaction, Mr. Drake directly owns 46,003 shares and indirectly owns 17,210,400 shares through the Heartland Bancorp, Inc. Voting Trust.
• 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: This is a neutral disclosure of a share sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

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

This filing is a routine disclosure of insider trading activity, which is common for executives and major shareholders of publicly traded companies. It provides transparency to the market regarding the transactions of company insiders.

Stakeholder Impact

• The sale of shares by a key executive could be perceived negatively by some shareholders, potentially leading to slight downward pressure on the stock price in the short term.

Key Dates