HBT Financial (HBT) director adds stock via CNB merger awards

Rhea-AI Filing Summary

HBT Financial, Inc. director James T. Ashworth reported acquiring common stock as part of the merger of CNB Bank Shares, Inc. into HBT Financial under an Agreement and Plan of Merger dated October 20, 2025. The filing shows a grant or other acquisition of 95,443 HBT common shares held directly.

Additional grants are reported as indirectly owned through the James T. Ashworth Trust dated 01/16/2019 for 33,654 shares and the Mary Jane Ashworth Trust dated 01/16/2019 for 159,854 shares. The footnotes state these figures reflect the estimated number of HBT shares to be issued under the merger agreement and may be adjusted in a future amendment.

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

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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^*

Ashworth James T

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

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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

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 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	03/01/2026		A(1)		95,443(2)	A	(1)	95,443	D
Common Stock, $0.01 par value	03/01/2026		A(1)		33,654(2)	A	(1)	33,654	I	By James T. Ashworth Trust dated 01/16/2019
Common Stock, $0.01 par value	03/01/2026		A(1)		159,854(2)	A	(1)	159,854	I	By Mary Jane Ashworth Trust dated 01/16/2019

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. Acquired pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement") entered into on October 20, 2025, between Issuer and CNB Bank Shares, Inc. ("CNB"). Pursuant to the Merger Agreement, at the effective time of the merger, CNB merged with and into Issuer with Issuer surviving the merger, and each share of common stock, par value $0.01 per share, of CNB outstanding immediately prior to the effective time of the merger, was converted into the right to receive, at the option of the Reporting Persons, the following: (1) (a) 1.0434 shares of common stock, par value $0.01 per share, of HBT Financial, Inc. ("Common Stock") (the "stock consideration"), (b) cash in the amount of $27.73 (the "cash consideration"), or (c) a combination of cash consideration and stock consideration ("mixed consideration"), in each case subject to adjustment and to the election and proration procedures as provided in the Merger Agreement, and (2) cash in lieu of fractional shares.

2. Reflects the estimated number of shares of Common Stock to be issued to the Reporting Persons pursuant to the Merger Agreement. The Reporting Persons will file an amendment to this Form 4 to the extent the actual number of shares of Common Stock issued differs from the numbers reported in column (4).

Remarks:

	/s/ Renee K. Fehr, Attorney-in-Fact	03/03/2026
	** 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.
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FAQ

What insider transaction did HBT (HBT) director James T. Ashworth report?

James T. Ashworth reported acquiring HBT Financial common stock through grant or other acquisition. The Form 4 shows 95,443 shares held directly and additional indirect holdings via family trusts, all tied to share issuance under the CNB Bank Shares, Inc. merger agreement.

How many HBT Financial shares did James T. Ashworth acquire directly and indirectly?

The filing reports 95,443 HBT Financial common shares held directly, 33,654 shares indirectly via the James T. Ashworth Trust dated 01/16/2019, and 159,854 shares indirectly via the Mary Jane Ashworth Trust dated 01/16/2019, all characterized as grant, award, or other acquisitions.

What merger is linked to the HBT (HBT) insider share awards for James T. Ashworth?

The acquisitions are linked to an Agreement and Plan of Merger dated October 20, 2025, under which CNB Bank Shares, Inc. merged into HBT Financial. CNB shareholders could elect HBT stock, cash, or mixed consideration according to detailed terms described in the merger agreement.

How were CNB Bank Shares, Inc. shares converted into HBT Financial stock?

Each CNB common share outstanding immediately before the merger’s effective time was converted into the right to receive 1.0434 HBT Financial common shares, cash of $27.73, or a mix of stock and cash, subject to adjustment, elections, proration procedures, and cash paid in lieu of fractional shares.

Are the HBT shares reported for James T. Ashworth final or estimated amounts?

The reported HBT Financial share amounts are described as estimated numbers of common shares to be issued under the merger agreement. The reporting persons state they will amend the Form 4 if the actual number of shares issued differs from the figures currently disclosed.