DRAKE FRED L 4

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.