Hills Bancorporation (HBIA) SVP acquires shares via employee stock plan

Rhea-AI Filing Summary

Hills Bancorporation senior executive Brian R. Globokar received additional common shares through an employee stock purchase plan. On this Form 4, he acquired 30.6748 shares of common stock at $73.35 per share under the company’s plan on April 1, 2026, bringing his direct holdings to 3,775.0298 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Globokar Brian R.

Role SVP, Dr of Trust & Wealth Mgmt

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	30.675	$73.35	$2K

Holdings After Transaction: Common Stock — 3,775.03 shares (Direct)

Footnotes (1)

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Key Figures

Shares acquired: 30.6748 shares Transaction price: $73.35 per share Holdings after transaction: 3,775.0298 shares

3 metrics

Shares acquired 30.6748 shares Common stock acquired under employee stock purchase plan on April 1, 2026

Transaction price $73.35 per share Recorded price for the 30.6748 common shares acquired

Holdings after transaction 3,775.0298 shares Total direct Hills Bancorporation common stock held after acquisition

Key Terms

Form 4, employee stock purchase plan, common stock, grant, award, or other acquisition

4 terms

Form 4 regulatory

"On this Form 4, he acquired 30.6748 shares of common stock"

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.

employee stock purchase plan financial

"Shares acquired under the Company's employee stock purchase plan on 4/1/2026"

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.

common stock financial

"He received 30.6748 shares of common stock at $73.35 per share"

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.

grant, award, or other acquisition financial

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

Form 4 Insider Transactions: What Each Field Means →

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^*

Globokar Brian R.

(Last) (First) (Middle)

C/O HILLS BANCORPORATION

131 E. 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, Dr of Trust & Wealth Mgmt

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)	04/01/2026		A		30.6748	A	$73.35	3,775.0298	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 4/1/2026

Remarks:

	/s/ Brian R. Globokar by James C. Wacker	04/03/2026
	** 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 HBIA executive Brian Globokar report?

Brian R. Globokar reported an acquisition of company stock through an employee plan. He received 30.6748 shares of Hills Bancorporation common stock, reflecting compensation-related ownership rather than an open-market trade, and increasing his direct holdings in the company.

How many Hills Bancorporation (HBIA) shares did Globokar acquire?

He acquired 30.6748 shares of common stock. The shares were obtained under Hills Bancorporation’s employee stock purchase plan, indicating a routine compensation-linked acquisition instead of a discretionary market purchase on an exchange.

At what price were the newly acquired HBIA shares recorded?

The acquired shares were recorded at $73.35 per share. This price is shown in the Form 4 as the transaction price per share for the 30.6748 Hills Bancorporation common shares obtained under the employee stock purchase plan.

What are Brian Globokar’s HBIA holdings after this Form 4 transaction?

Following the transaction, his direct holdings total 3,775.0298 shares. This figure comes from the Form 4’s “shares owned following transaction” field, reflecting his updated ownership in Hills Bancorporation common stock after the stock purchase plan acquisition.

Was the HBIA insider transaction an open-market purchase or a plan acquisition?

It was a plan acquisition under the company’s employee stock purchase plan. The Form 4 footnote explains that the shares were acquired through Hills Bancorporation’s employee stock purchase plan on April 1, 2026, rather than via an open-market buy order.