DRAKE FRED L 4

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.