Hills Bancorporation (HBIA) director discloses 100 common shares

Rhea-AI Filing Summary

Hills Bancorporation director Roger K. Smith filed an initial ownership report showing he directly holds 100 shares of the company’s common stock. This Form 3 filing records his starting stake as a director and does not report any recent purchases or sales.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Smith Roger K

Role Director

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 100 shares (Direct)

Key Figures

Common stock holdings: 100 shares

1 metrics

Common stock holdings 100 shares Direct ownership reported on Form 3

Key Terms

Common Stock, direct ownership, reporting person

3 terms

Common Stock financial

"security_title: "Common Stock" for the reported holdings"

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.

direct ownership financial

"ownership_type set to "direct" with ownership_code "D""

reporting person financial

""reportingPersons" lists Roger K. Smith as director"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/24/2026 - 02:42 PM Learn about SEC filing dates

FAQ

What does Roger K. Smith’s Form 3 filing for HBIA show?

The Form 3 filing shows that director Roger K. Smith directly holds 100 shares of Hills Bancorporation common stock. This is an initial ownership report, not a record of recent buying or selling activity.

Did Roger K. Smith buy or sell HBIA shares in this Form 3?

No, this Form 3 does not report any buy or sell transaction. It simply discloses that Roger K. Smith, a director of Hills Bancorporation, directly owns 100 shares of common stock as his reported position.

How many Hills Bancorporation shares does Roger K. Smith own?

Roger K. Smith is reported as directly owning 100 shares of Hills Bancorporation common stock. This holding is disclosed in the Form 3 as his ownership position following the reported event, with no additional derivative holdings listed.

What type of security is reported in Roger K. Smith’s HBIA Form 3?

The Form 3 identifies Common Stock of Hills Bancorporation as the security held by Roger K. Smith. It records a direct ownership position of 100 common shares, with no options, warrants, or other derivative securities reported.

Is Roger K. Smith’s HBIA ownership direct or indirect?

The filing shows Roger K. Smith’s ownership is direct, indicated by the direct ownership code for his 100 shares of common stock. No indirect holdings through trusts, partnerships, or other entities are disclosed in this Form 3.

SEC Form 3

FORM 3

UNITED 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^*

Smith Roger K

(Last) (First) (Middle)

131 E.AST MAIN STREET

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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 Stock	100	D

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 Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

James C. Wacker POA - Limited Power of Attorney for Section 16 Reporting Obligations

	/s/ Roger K. Smith by James C. Wacker	04/24/2026
	** Signature of Reporting Person	Date
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)