Harper Grace Scott Trust 4
Research Summary
AI-generated summary
First Interstate (FIBK) 10% Owner Jonathan R. Scott Sells 4,500 Shares
What Happened
Jonathan R. Scott, reported as a 10% owner of First Interstate BancSystem, Inc. (FIBK), sold 4,500 shares in an open-market transaction on June 17, 2026. The weighted-average sale price was $36.29 per share, for total proceeds of approximately $163,305. The shares were sold in multiple trades at prices ranging from $36.01 to $36.45.
Key Details
- Transaction date: 2026-06-17 (filed on 2026-06-18); appears to have been reported promptly the next day.
- Transaction type/code: Sale (S) — open market/private sale.
- Price: weighted average $36.29; per-footnote range $36.01–$36.45. Reporting person can provide the breakdown of individual trade prices on request (Footnote F1).
- Shares sold: 4,500; Proceeds ≈ $163,305.
- Reported beneficial holdings (per footnote F2): a total of 862,128 shares held of record across various trusts and entities (breakdown in footnote F2).
- Group/ownership note (Footnote F3): Reporting persons may be deemed part of a group with others and disclaim beneficial ownership except to the extent of pecuniary interest; future filings may consolidate reporting from Jonathan R. Scott’s perspective.
Context
- This was a sale by a large (10%) shareholder rather than an employee option exercise or grant; such sales can be routine (liquidity, portfolio management) and do not necessarily indicate a change in company outlook.
- No options, awards, or tax-withholding events are reported in this filing.