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

Fred L. Drake, Executive Chairman of HBT Financial, Inc., sold 9,945 shares of common stock at an average price of $24.59 on February 4, 2025.

Summary

• On February 4, 2025, Fred L. Drake, the Executive Chairman of HBT Financial, Inc., sold 9,945 shares of the company's common stock.
• The shares were sold at a weighted average price of $24.59, with individual transaction prices ranging from $24.56 to $24.63.
• Following the transaction, Drake directly owns 46,003 shares and indirectly owns 43,670 shares through the Fred L. Drake Revocable Trust.
• He also indirectly owns 17,210,400 shares through the Heartland Bancorp, Inc. Voting Trust, where he serves as trustee.
• 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 a share sale. The size of the sale is relatively small compared to Drake's overall holdings.

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 disclosures for corporate insiders and large shareholders, providing transparency into their trading activities. This sale by the Executive Chairman could be interpreted in various ways by the market, but without further context, it's difficult to determine the specific implications.

Stakeholder Impact

• The share sale could have a minor impact on shareholder sentiment, depending on how the market interprets the transaction.

Key Dates