DRAKE FRED L 4

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.