Insider trust tied to HBT (NASDAQ: HBT) chief sells 2,000 shares

Rhea-AI Filing Summary

HBT Financial, Inc. reported an insider transaction involving shares of its common stock. On February 18, 2026, the Fred L. Drake Revocable Trust, an entity associated with Executive Chairman Fred L. Drake, sold 2,000 shares of HBT common stock in an open-market transaction at a weighted average price of $28.74 per share, with individual trade prices ranging from $28.50 to $29.27. Following this sale, the Revocable Trust held 63,815 shares indirectly. Mr. Drake also directly held 7,705 shares and had indirect ownership of 17,210,400 shares through the Heartland Bancorp, Inc. Voting Trust, where he serves as trustee with sole voting and investment control, while disclaiming beneficial ownership beyond his pecuniary interest.

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
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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^*

DRAKE FRED L

(Last) (First) (Middle)

C/O HBT FINANCIAL, INC.

401 N. HERSHEY ROAD

(Street)

BLOOMINGTON IL 61704

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HBT Financial, Inc. [ HBT ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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

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

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

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, $0.01 par value	02/18/2026		S		2,000	D	$28.74(1)	63,815	I	By the Fred L. Drake Revocable Trust
Common Stock, $0.01 par value								7,705	D
Common Stock, $0.01 par value								17,210,400	I	See footnote(2)

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

1. Name and Address of Reporting Person^*

DRAKE FRED L

(Last) (First) (Middle)

C/O HBT FINANCIAL, INC.

401 N. HERSHEY ROAD

(Street)

BLOOMINGTON IL 61704

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

HEARTLAND BANCORP, INC. VOTING TRUST U/A/D 5/4/2016

(Last) (First) (Middle)

C/O HBT FINANCIAL, INC.

401 N. HERSHEY ROAD

(Street)

BLOOMINGTON IL 61704

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.50 to $29.27, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

2. Consists of shares of common stock held by the Heartland Bancorp, Inc. Voting Trust U/A/D May 4, 2016 (the "Voting Trust"). Mr. Drake is the trustee of the Voting Trust and exercises sole voting and investment control over the common stock held thereby. Mr. Drake may be deemed to be the beneficial owner of securities held by the Voting Trust to the extent that he or his immediate family members are beneficiaries of such trust. Mr. Drake disclaims beneficial ownership of the shares held by the Voting Trust except to the extent of his pecuniary interest therein.

Remarks:

	/s/ Andrea E. Zurkamer, Attorney-in-Fact for Fred L. Drake	02/20/2026
	/s/ Andrea E. Zurkamer, Attorney-in-Fact for Heartland Bancorp, Inc. Voting Trust U/A/D 5/4/2016	02/20/2026
	** 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.
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FAQ

What insider transaction did HBT (HBT Financial, Inc.) report for February 18, 2026?

HBT Financial reported an insider-related sale of 2,000 common shares by the Fred L. Drake Revocable Trust at a weighted average price of $28.74. The trade was executed in open-market transactions on February 18, 2026, with prices between $28.50 and $29.27 per share.

Who is associated with the selling entity in the HBT Form 4 filing?

The selling entity is the Fred L. Drake Revocable Trust, associated with Fred L. Drake, HBT Financial’s Executive Chairman and a ten percent owner. The Form 4 identifies the transaction as indirect ownership, distinguishing the trust’s activity from Mr. Drake’s direct holdings in HBT common stock.

How many HBT shares did the Fred L. Drake Revocable Trust hold after the sale?

After selling 2,000 shares, the Fred L. Drake Revocable Trust held 63,815 shares of HBT common stock indirectly. This post-transaction balance reflects only the shares in the Revocable Trust and does not include Mr. Drake’s separate direct holdings or shares held through the Voting Trust.

What price range did the HBT insider sale cover on February 18, 2026?

The reported weighted average sale price was $28.74 per HBT share, with individual trades executed between $28.50 and $29.27. The Form 4 notes that detailed breakdowns of the number of shares sold at each separate price are available upon request from the reporting person.

What is the Heartland Bancorp, Inc. Voting Trust’s role in HBT share ownership?

The Heartland Bancorp, Inc. Voting Trust held 17,210,400 HBT common shares indirectly attributed to Fred L. Drake. As trustee, he exercises sole voting and investment control, but he disclaims beneficial ownership of those shares except to the extent of his pecuniary interest as a beneficiary.

What are Fred L. Drake’s direct HBT shareholdings according to the Form 4?

The Form 4 shows Fred L. Drake directly holding 7,705 shares of HBT common stock as of February 18, 2026. This direct position is separate from the 63,815 shares in his Revocable Trust and the 17,210,400 shares held through the Heartland Bancorp, Inc. Voting Trust.