Form 4: HBT Financial Executive Transfers Shares to Trust

Fred L. Drake, Executive Chairman of HBT Financial, Inc., transferred 45,815 shares of common stock to his revocable trust.

Summary

• Fred L. Drake, Executive Chairman, Director, and 10% Owner of HBT Financial, Inc., transferred 45,815 shares of common stock.
• The transfer was made to the Fred L. Drake Revocable Trust, of which Mr. Drake is a beneficiary and trustee.
• The transaction occurred on November 12, 2025, and was made pursuant to a Rule 10b5-1(c) plan.
• Following the transfer, Mr. Drake directly owns 7,705 shares.
• Indirectly, Mr. Drake beneficially owns 65,815 shares through the Fred L. Drake Revocable Trust and 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: Neutral. This is a routine insider transaction (transfer to a trust) and does not indicate a change in the company's operational or financial performance. It's a personal financial planning move by an executive.

Future Outlook

NA

Industry Context

This Form 4 filing reports an insider transaction, which is a routine disclosure for executives and significant shareholders. Such transfers are common for estate planning or personal financial management and do not typically reflect broader industry trends in the financial sector.

Related Party Transactions

• Fred L. Drake, an executive and director, transferred shares to the Fred L. Drake Revocable Trust, where he is a beneficiary and trustee. This constitutes a related party transaction as it involves an insider and an entity he controls and benefits from.

Stakeholder Impact

• Minimal direct impact on public shareholders as this is an internal transfer for personal estate planning purposes and does not alter the total outstanding shares or the company's operational fundamentals.
• The transaction maintains Fred L. Drake's significant indirect beneficial ownership in the company, signaling continued alignment with shareholder interests through his substantial holdings.

Key Dates

Keywords

HBT Financial, Fred L. Drake, Insider Transaction, Form 4, Stock Transfer, Beneficial Ownership, Executive Chairman, Trust