Insider trust tied to HBT (NASDAQ: HBT) chief sells 2,000 shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,000 shares ($57,480)
Net Sell
3 txns
Insider
DRAKE FRED L, HEARTLAND BANCORP, INC. VOTING TRUST U/A/D 5/4/2016
Role
Executive Chairman | 10% Owner
Sold
2,000 shs ($57K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $0.01 par value | 2,000 | $28.74 | $57K |
| holding | Common Stock, $0.01 par value | -- | -- | -- |
| holding | Common Stock, $0.01 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.01 par value — 63,815 shares (Indirect, By the Fred L. Drake Revocable Trust);
Common Stock, $0.01 par value — 7,705 shares (Direct)
Footnotes (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. 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.
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.
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.