Harper Grace Scott Trust 4
4 · FIRST INTERSTATE BANCSYSTEM INC · Filed Jul 16, 2026
Research Summary
AI-generated summary of this filing
First Interstate (FIBK) 10% Owner Jonathan R. Scott Sells 10,000 Shares
What Happened Jonathan R. Scott, a reported 10% owner of First Interstate BancSystem, Inc. (FIBK), sold 10,000 shares on July 16, 2026. The sale was reported as an open-market/private sale at a weighted average price of $40.30 per share, for gross proceeds of approximately $403,000. This was a disposition (sale), which is generally routine trading activity and not in itself a statement about the company's outlook.
Key Details
- Transaction date: 2026-07-16; Transaction type: Sale (code S), reported as open market/private sale.
- Price: Weighted average $40.30; filing notes individual trade prices ranged $40.12–$40.57 (footnote F1).
- Proceeds: ~ $403,000 (10,000 shares × $40.30).
- Shares owned: Filing footnote lists combined record/beneficial holdings of 842,738 shares across trusts, an LLC, and spouse (see footnote F2). The filing does not separately state the post-sale balance.
- Notable footnotes: F1 explains the weighted average and availability of per-trade breakdown on request; F2 details how holdings are allocated among entities/trusts; F3 notes potential group status with other reporting persons and a disclaimer of beneficial ownership except for pecuniary interest.
- Timeliness: Transaction and Form 4 are dated the same day (July 16, 2026); no late filing indicated.
Context
- As a 10% owner, Scott is a large insider/stockholder rather than an operating executive; such sales can reflect diversification or liquidity needs rather than a change in company fundamentals.
- Sales (S) are less informative than purchases for signaling insider confidence; this filing simply reports the disposition and related holdings and footnotes.
Insider Transaction Report
Form 4
Scott Jonathan R
10% Owner
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-07-16$40.30/sh−10,000$403,000→ 842,738 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 $40.12 to $40.57. 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 478,200 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 sharesheld 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.