STOCK TITAN

Hills Bancorporation (HBIA) SVP discloses common share holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Hills Bancorporation executive Nelson Kenza Bemis, who serves as SVP and General Counsel, filed an initial Form 3 detailing his ownership of the company’s common stock. The filing shows indirect ownership of 2,100 shares held through a bank ESOP and 681 shares held with his spouse.

In addition, he directly owns 3,341.504 shares of common stock. The filing is a baseline disclosure of his beneficial holdings rather than a report of recent share purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Nelson Kenza Bemis
Role SVP, General Counsel
Type Security Shares Price Value
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 3,341.504 shares (Direct, null); Common Stock — 681 shares (Indirect, With Spouse)
Footnotes (1)
Indirect ESOP holding 2,100 shares Common Stock held indirectly through bank ESOP
Indirect spousal holding 681 shares Common Stock held indirectly with spouse
Direct holding 3,341.504 shares Common Stock owned directly by Nelson Kenza Bemis
Form 3 regulatory
"INSIDER FILING DATA (Form 3):"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
indirect ownership financial
""ownership_type": "indirect""
ESOP financial
""nature_of_ownership": "Held through Bank ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
beneficial ownership financial
"This data reflects beneficial holdings of common stock."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
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SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Nelson Kenza Bemis

(Last)(First)(Middle)
131 EAST MAIN ST
PO BOX 160

(Street)
HILLS IOWA 52235

(City)(State)(Zip)

UNITED STATES

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
04/20/2026
3. Issuer Name and Ticker or Trading Symbol
HILLS BANCORPORATION [ HBIA.PK ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, General Counsel
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock3,341.504D
Common Stock681IWith Spouse
Common Stock2,100IHeld through Bank ESOP
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Remarks:
James C. Wacker POA - Limited Power of Attorney for Section 16 Reporting Obligations
/s/ Kenza B. Nelson by James C. Wacker04/24/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Hills Bancorporation (HBIA) Form 3 for Nelson Kenza Bemis report?

The Form 3 reports Nelson Kenza Bemis’s beneficial holdings of Hills Bancorporation common stock. It lists indirect ownership through a bank ESOP and with his spouse, plus a separate block of shares held directly, establishing a baseline ownership position as an executive officer.

How many Hills Bancorporation (HBIA) shares does Nelson Kenza Bemis hold indirectly?

Nelson Kenza Bemis holds 2,100 shares of Hills Bancorporation common stock indirectly through a bank ESOP and 681 shares indirectly with his spouse. These positions reflect indirect beneficial ownership, meaning they are associated with him but held in separate related accounts or arrangements.

How many Hills Bancorporation (HBIA) shares does Nelson Kenza Bemis own directly?

He directly owns 3,341.504 shares of Hills Bancorporation common stock. This direct holding is in his own name, separate from shares held through the bank ESOP or with his spouse, and forms part of his overall disclosed beneficial ownership in the company.

Does the Nelson Kenza Bemis Form 3 for Hills Bancorporation show any recent stock trades?

The Form 3 is presented as an initial ownership report and does not identify any shares as recent purchases or sales. Instead, it lists existing direct and indirect holdings of Hills Bancorporation common stock as of the reporting date for regulatory disclosure purposes.

What is the role of Nelson Kenza Bemis at Hills Bancorporation (HBIA)?

Nelson Kenza Bemis is disclosed as an officer of Hills Bancorporation, serving as Senior Vice President and General Counsel. This role makes him a reporting person who is required to file ownership reports like Form 3 for his holdings in the company’s common stock.