DRAKE FRED L 4
4 · HBT Financial, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
HBT Financial (HBT) 10% Owner Fred L. Drake Sells Shares
What Happened
Fred L. Drake, a 10% owner of HBT Financial, Inc. and trustee of the Heartland Bancorp Voting Trust, sold 2,000 shares of HBT common stock on February 18, 2026. The transactions generated total proceeds of $57,480 based on a reported weighted-average price of $28.74 per share. The filing lists the disposition code "S" (sale/open-market or private sale).
Key Details
- Transaction date: February 18, 2026. Filing date: February 20, 2026 (timely).
- Shares sold: 2,000; weighted-average price reported: $28.74; total proceeds ≈ $57,480.
- Price range: sales occurred in multiple trades at prices between $28.50 and $29.27 (inclusive). The reporting person offers to provide the breakdown of shares sold at each price on request (Footnote F1).
- Shares owned after the transaction: not specified in the provided excerpt of this report.
- Insider status & disclosure (Footnote F2): Drake is trustee of the Heartland Bancorp, Inc. Voting Trust, exercises sole voting and investment control over trust shares, and may be deemed beneficial owner of trust-held shares only to the extent of any pecuniary interest; he disclaims beneficial ownership beyond that.
- Transaction type: sale (S). No options, awards, gifts, or tax-withholding noted. No late filing indicated.
Context
Sales by significant holders (including 10% owners) can be routine liquidity events and are generally less indicative of forward-looking sentiment than insider purchases. This filing documents a straightforward sale in multiple open-market trades; there is no indication here of option exercises, grants, or tax-related withholdings.
Insider Transaction Report
- Sale
Common Stock, $0.01 par value
[F1]2026-02-18$28.74/sh−2,000$57,480→ 63,815 total(indirect: By Trust)
- 7,705
Common Stock, $0.01 par value
- 17,210,400(indirect: See footnote)
Common Stock, $0.01 par value
[F2]
Footnotes (2)
- [F1]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.50 to $29.27, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- [F2]Consists of shares of common stock held by the Heartland Bancorp, Inc. Voting Trust U/A/D May 4, 2016 (the "Voting Trust"). Mr. Drake is the trustee of the Voting Trust and exercises sole voting and investment control over the common stock held thereby. Mr. Drake may be deemed to be the beneficial owner of securities held by the Voting Trust to the extent that he or his immediate family members are beneficiaries of such trust. Mr. Drake disclaims beneficial ownership of the shares held by the Voting Trust except to the extent of his pecuniary interest therein.