Harper Grace Scott Trust 4
4 · FIRST INTERSTATE BANCSYSTEM INC · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
First Interstate (FIBK) 10% Owner Jonathan R. Scott Sells Shares
What Happened
Jonathan R. Scott, reported as a 10% owner of First Interstate BancSystem, Inc. (FIBK), sold 53,504 shares in an open-market transaction on April 30, 2026. The shares were sold at a weighted-average price of $35.42, generating proceeds of approximately $1,895,112. This was a sale (not a purchase), which is often routine insider selling rather than a bullish signal.
Key Details
- Transaction date: 2026-04-30 (filed with the SEC 2026-05-01). Filing appears timely.
- Sale details: 53,504 shares sold; weighted-average price $35.42; price range across trades $35.13–$35.70 (per footnote F1).
- Reported holdings (per footnote F2): holdings of record total 879,520 shares across several entities; after this sale that aggregate would be reduced by 53,504 shares (approximately 826,016 remaining on a pro forma basis).
- Footnotes of note: F1 explains the weighted-average price and that per-price breakdowns can be provided on request; F2 lists the record holders that make up reported ownership; F3 states the reporting persons may be part of a group and disclaim beneficial ownership except for pecuniary interest.
- Transaction type: Open-market sale (code S). No option exercise, gift, or tax-withholding noted.
Context
This filing involves a 10% owner rather than an executive officer — large-shareholder sales can be driven by personal or portfolio reasons and are not direct statements about company operations. The filing includes group/beneficial-ownership disclosures (F3), which can affect how ownership percentages are interpreted.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-04-30$35.42/sh−53,504$1,895,112→ 879,520 total(indirect: See Footnote)
Footnotes (3)
- [F1]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.13 to $35.70. The reporting person undertakes to provide to First Interstate BancSystem, Inc., any security holder of First Interstate BancSystem, Inc., or the staff of the Securities and Exchange Commission, upon, request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F2]Composed of 514,982 shares held of record by Jonathan Scott as Trustee of the Jonathan R Scott Trust Dated as of 4/21/04, 209,678 shares held of record by IXL Limited Liability Company, 36,553 shares held of record by Holland Elizabeth Scott Trust, 36,553 shares held of record by Harper Grace Scott Trust, 36,554 shares held of record by Harrison William Scott Trust and 45,200 shares held of record by Jonathan Scott's spouse.
- [F3]As a result of certain agreements entered into by and among the reporting persons, the Issuer, and certain other stockholders of the Issuer, the reporting persons may be deemed members of a group with the other signatories thereto and may be deemed to share beneficial ownership of the securities reported herein. Each of the reporting persons disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein. The reporting persons expect to file future Forms 4 and 5, if any, together with Jonathan R. Scott with the indication of direct or indirect ownership in Table I and Table II being made from Jonathan R. Scott's perspective. The nature of beneficial ownership is described in detail by footnote for all reporting persons.