DRAKE FRED L 4
4 · HBT Financial, Inc. · Filed Apr 30, 2026
Research Summary
AI-generated summary of this filing
HBT Financial (HBT) 10% Owner Fred L. Drake Sells Shares
What Happened
- Fred L. Drake, identified as a 10% owner of HBT Financial, Inc. (HBT), reported a sale of 15,742 common shares on April 28, 2026. The shares were sold at a weighted average price of $28.93, resulting in proceeds of approximately $455,416. The transaction is reported as an open-market or private sale (code S), i.e., a disposition rather than a purchase.
Key Details
- Transaction date: April 28, 2026; Form 4 filed April 30, 2026 (appears timely).
- Shares sold: 15,742; weighted average price: $28.93; total proceeds: ~$455,416.
- Price range: sales occurred at prices between $28.75 and $29.10 (footnote F1 notes the reported price is a weighted average and that the filer will provide per-price breakdown on request).
- Shares owned after transaction: not specified in the information provided in this summary (not disclosed here).
- Insider status/footnote (F2): Mr. Drake is trustee of the Heartland Bancorp, Inc. Voting Trust and exercises sole voting and investment control over shares held by that trust. He disclaims beneficial ownership of trust shares except to the extent of any pecuniary interest; he may be deemed the beneficial owner to the extent he or immediate family are beneficiaries.
Context
- This was a sale by a 10% owner (not a corporate officer in this filing). Sales by large shareholders can be routine portfolio or liquidity transactions and do not, by themselves, indicate company outlook. Purchases are often viewed as stronger signals of insider conviction than sales.
Insider Transaction Report
Form 4
DRAKE FRED L
DirectorExecutive Chairman10% Owner
Transactions
- Sale
Common Stock, $0.01 par value
[F1]2026-04-28$28.93/sh−15,742$455,416→ 45,815 total(indirect: By Trust)
Holdings
- 14,343
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 $28.75 to $29.10, 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.