Hills Bancorporation (HBIA) SVP gains shares through employee stock purchase plan

Rhea-AI Filing Summary

Hills Bancorporation reported a routine insider share acquisition by its SVP and General Counsel, Kenza Bemis. Bemis acquired 50.4064 shares of Common Stock at $39.37 per share in a transaction classified as a grant or award. According to the footnote, the shares were acquired under the company's employee stock purchase plan on July 1, 2026. Following this plan-related acquisition, Bemis directly holds a total of 6,733.4144 shares of Hills Bancorporation Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nelson Kenza Bemis

Role SVP, General Counsel

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	50.406	$39.37	$2K

Holdings After Transaction: Common Stock — 6,733.414 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 50.4064 shares Transaction price: $39.37 per share Total holdings after transaction: 6,733.4144 shares +2 more

5 metrics

Shares acquired 50.4064 shares Grant/award acquisition of Common Stock

Transaction price $39.37 per share Value assigned to granted Common Stock

Total holdings after transaction 6,733.4144 shares Direct Common Stock ownership after grant

Transaction code A Grant, award, or other acquisition

Transaction date 2026-07-02 Date of reported Form 4 transaction

Key Terms

employee stock purchase plan, Grant, award, or other acquisition, Common Stock, Form 4

4 terms

employee stock purchase plan financial

"Shares acquired under the Company's employee stock purchase plan on 7/1/2026"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 02:50 PM Accepted by SEC EDGAR 07/06/2026 - 02:49 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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. Issuer Name and Ticker or Trading Symbol
HILLS BANCORPORATION [ HBIA.PK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	07/02/2026		A		50.4064	A	$39.37	6,733.4144	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares acquired under the Company's employee stock purchase plan on 7/1/2026

Remarks:

	/s/ Kenza B. Nelson by James C. Wacker	07/06/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What insider transaction did HILLS BANCORPORATION (HBIA) report for Kenza Bemis?

Hills Bancorporation reported that SVP and General Counsel Kenza Bemis acquired 50.4064 shares of Common Stock. The shares were received as a grant or award under the company’s employee stock purchase plan, rather than through an open-market purchase.

How many HILLS BANCORPORATION (HBIA) shares does Kenza Bemis hold after this Form 4?

After the reported transaction, Kenza Bemis holds 6,733.4144 shares of Hills Bancorporation Common Stock. This figure reflects her direct ownership immediately following the grant of 50.4064 shares under the employee stock purchase plan.

What was the price per share in the HBIA insider grant to Kenza Bemis?

The shares granted to Kenza Bemis were valued at $39.37 per share. This price is shown as the transaction price per share for the 50.4064 Common Stock shares acquired under the company’s employee stock purchase plan.

Was the HBIA Form 4 transaction an open-market purchase or a plan grant?

The transaction was a grant or award acquisition under Hills Bancorporation’s employee stock purchase plan, not an open-market purchase. The Form 4 uses code “A” and a footnote specifies acquisition through the company plan.

What role does Kenza Bemis hold at HILLS BANCORPORATION (HBIA)?

Kenza Bemis serves as Senior Vice President and General Counsel at Hills Bancorporation. The Form 4 identifies her as an officer of the company, and the reported share acquisition reflects compensation or benefit participation rather than discretionary market trading.