HBT insider trust sells 2,258 shares at $28.60

HBT Financial, Inc. insider activity shows an indirect open-market sale linked to Executive Chairman Fred L. Drake.

Rhea-AI Filing Summary

HBT Financial, Inc. insider activity shows an indirect open-market sale linked to Executive Chairman Fred L. Drake. A trust associated with him sold 2,258 shares of common stock at a weighted average price of $28.60 per share. After this sale, that trust held 61,557 shares, while Drake also reported 7,705 shares held directly and 17,210,400 shares held indirectly through the Heartland Bancorp, Inc. Voting Trust, for which he serves as trustee with sole voting and investment control, subject to his disclosed pecuniary interest.

Insider Trade Summary

Net Seller: 2,258 shares

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 2,258 shs ($65K)

Type	Security	Shares	Price	Value
Sale	Common Stock, $0.01 par value	2,258	$28.60	$65K
holding	Common Stock, $0.01 par value	--	--	--
holding	Common Stock, $0.01 par value	--	--	--

Holdings After Transaction: Common Stock, $0.01 par value — 61,557 shares (Indirect, By the Fred L. Drake Revocable Trust); Common Stock, $0.01 par value — 7,705 shares (Direct); Common Stock, $0.01 par value — 17,210,400 shares (Indirect, See footnote)

Footnotes (2)

1. F1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.55 to $28.60, 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. F2. 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

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What insider transaction did HBT (HBT Financial, Inc.) report on this Form 4?

The filing reports an indirect open-market sale of 2,258 HBT common shares by a trust associated with Executive Chairman Fred L. Drake at a weighted average price of $28.60 per share. This is classified as a sale transaction under code “S.”

Who executed the HBT share sale associated with Executive Chairman Fred L. Drake?

The 2,258-share sale was executed by the Fred L. Drake Revocable Trust, reported as indirect ownership for Fred L. Drake. The filing identifies it as an open-market sale of HBT common stock at a weighted average price of $28.60 per share.

How many HBT shares does the Drake revocable trust hold after the reported sale?

After selling 2,258 shares, the Fred L. Drake Revocable Trust holds 61,557 HBT common shares. This position is reported as indirectly owned by Fred L. Drake, reflecting his interest in the trust’s holdings following the open-market sale on the reported date.

What other HBT share holdings are reported for Fred L. Drake on this Form 4?

Beyond the revocable trust, Fred L. Drake reports 7,705 HBT shares held directly and 17,210,400 shares held indirectly through the Heartland Bancorp, Inc. Voting Trust. He is trustee with sole voting and investment control, while disclaiming beneficial ownership except for his pecuniary interest.

What price range is disclosed for the HBT shares sold in the open-market transaction?

The filing states a weighted average sale price of $28.60 per HBT share, with underlying trades executed between $28.55 and $28.60 inclusive. The reporting person undertakes to provide detailed trade breakdowns upon request to investors or regulators.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/23/2026 - 04:16 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^*

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)
02/20/2026

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	02/20/2026		S		2,258	D	$28.6(1)	61,557	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 $28.55 to $28.60, 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/ Renee K. Fehr, Attorney-in-Fact for Fred L. Drake	02/23/2026
	/s/ Renee K. Fehr, Attorney-in-Fact for Heartland Bancorp, Inc. Voting Trust U/A/D 5/4/2016	02/23/2026
	** 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).
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