DRAKE FRED L 4
4 · HBT Financial, Inc. · Filed Feb 23, 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. (HBT), sold 2,258 shares of HBT common stock in an open-market transaction on February 20, 2026. The reported weighted-average price was $28.60 per share, with proceeds of approximately $64,579. This was a sale (routine disposition), not a purchase.
Key Details
- Transaction date: 2026-02-20. Filing date: 2026-02-23 (three days after the trade); timeliness not specified in the excerpt.
- Shares sold: 2,258 shares; reported weighted-average price: $28.60; total proceeds: ~$64,579.
- Price range: shares were sold in multiple trades at prices ranging from $28.55 to $28.60 (footnote). The reporting person offers to provide exact per-trade breakdown on request (footnote F1).
- Beneficial ownership note (footnote F2): Mr. Drake is trustee of the Heartland Bancorp, Inc. Voting Trust and has sole voting and investment control over shares held by the trust; he disclaims beneficial ownership except to the extent of any pecuniary interest.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
- This filing reports a straightforward sale by a 10% owner. Sales by insiders can be routine or for personal reasons and are not, by themselves, a clear signal of company outlook.
- For 10% owners, filings reflect substantial ownership/control relationships (here via a voting trust) rather than routine executive trading.
Insider Transaction Report
Form 4
DRAKE FRED L
DirectorExecutive Chairman10% Owner
Transactions
- Sale
Common Stock, $0.01 par value
[F1]2026-02-20$28.60/sh−2,258$64,579→ 61,557 total(indirect: By Trust)
Holdings
- 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 $28.55 to $28.60, 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.