Harper Grace Scott Trust 4
4 · FIRST INTERSTATE BANCSYSTEM INC · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
First Interstate (FIBK) 10% Owner Jonathan R. Scott Sells 12,892 Shares
What Happened
Jonathan R. Scott, identified as a 10% owner of First Interstate BancSystem, Inc. (FIBK), sold 12,892 shares in an open-market transaction on June 4, 2026. The reported weighted-average price was $35.58 per share, for total proceeds of approximately $458,697. The filing indicates the shares were sold in multiple transactions at prices ranging from $35.43 to $35.74.
Key Details
- Transaction date: 2026-06-04 (open-market sale; transaction code S).
- Price: weighted average $35.58; trade range $35.43–$35.74 (multiple trades).
- Proceeds: ~ $458,697.
- Shares owned after transaction: approximately 853,736 shares (file lists 866,628 shares held of record across related vehicles prior to the sale; 866,628 − 12,892 = 853,736).
- Footnotes: F1 notes the weighted-average price and availability of per-trade price details on request; F2 breaks down record holdings by trusts and entities; F3 notes potential group beneficial-ownership arrangements and a disclaimer of beneficial ownership except for pecuniary interest.
- Filing timeliness: Reported with the same report date (2026-06-04); no late filing indicated in the Form 4.
Context
This was an open-market sale by a large (10%) shareholder rather than a routine executive stock grant or option exercise. Such sales can reflect portfolio moves or liquidity needs and do not necessarily indicate a change in company fundamentals. The filing’s footnotes indicate shared/group ownership considerations, so reported ownership reflects holdings across several trusts and entities.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-06-04$35.58/sh−12,892$458,697→ 866,628 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 $35.43 to $35.74. 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 502,090 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.