First Interstate (FIBK) 10% Owner Jonathan R. Scott Sells 16,929 Shares

What Happened
Jonathan R. Scott, reported as a 10% owner of First Interstate BancSystem, Inc. (FIBK), sold 16,929 shares in open‑market transactions on September 11, 2026. The trades were executed at a weighted average price of $37.03, with prices ranging from $37.00 to $37.23, producing aggregate proceeds of $626,881. This was a sale (code S) — typically a routine disposition rather than a bullish signal.

Key Details

• Transaction date: 2026-09-11 (reported on Form 4 filed 2026-09-14 — filing is timely).
• Trade type: Open‑market sale (S), executed in multiple trades; weighted avg price $37.03; range $37.00–$37.23.
• Shares sold / proceeds: 16,929 shares for $626,881 total.
• Reported holdings (per footnote): record holdings are composed of multiple accounts totaling ~825,809 shares across trusts, IXL LLC, and spouse holdings (see footnote F2 for breakdown).
• Group status: Footnote F3 indicates the reporting persons may be part of a group that shares beneficial ownership; each disclaims beneficial ownership except pecuniary interest.
• Footnote F1: Seller will provide breakdown of shares sold at each price on request.

Context
As a 10% owner (large holder), this sale reflects a notable holder reducing a position but does not necessarily indicate management sentiment. No options exercise, gift, or tax‑withholding actions were reported — just open‑market sales. Retail investors should view this as insider selling activity by a major shareholder; purchases would generally be a stronger signal of insider confidence.