HBT insider: Drake transfers 45,815 shares to revocable trust

HBT Financial (HBT) reported an insider ownership change by Executive Chairman and Director Fred L. Drake, a 10% owner.

Accepted by SEC EDGAR 11/12/2025 - 05:24 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

HBT Financial (HBT) reported an insider ownership change by Executive Chairman and Director Fred L. Drake, a 10% owner. On 11/12/2025, Drake transferred 45,815 shares of common stock to the Fred L. Drake Revocable Trust (Transaction Code G) at a stated price of $0.

Following the transaction, Drake reported 7,705 shares held directly, 65,815 shares held indirectly via the Revocable Trust, and 17,210,400 shares held indirectly by the Heartland Bancorp, Inc. Voting Trust U/A/D May 4, 2016. Drake is trustee of the Voting Trust and disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

45,815 shares gifted

Gift 1 txn

Insider DRAKE FRED L, HEARTLAND BANCORP, INC. VOTING TRUST U/A/D 5/4/2016

Role Executive Chairman | 10% Owner

Type	Security	Shares	Price	Value
Gift	Common Stock, $0.01 par value	45,815	$0.00	$0.00
Holding	Common Stock, $0.01 par value	--	--	--
Holding	Common Stock, $0.01 par value	--	--	--

Holdings After Transaction: Common Stock, $0.01 par value — 7,705 shares (Direct); Common Stock, $0.01 par value — 65,815 shares (Indirect, By the Fred L. Drake Revocable Trust); Common Stock, $0.01 par value — 17,210,400 shares (Indirect, See footnote)

Holdings Before and After: Common Stock, $0.01 par value, 53,520 to 7,705 shares (Direct)

Footnotes (2)

1. F1. The reporting person transferred 45,815 shares of common stock to the Fred L. Drake Revocable Trust of which the reporting person is a beneficiary and trustee.
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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did HBT (HBT) disclose in this Form 4?

Executive Chairman Fred L. Drake transferred 45,815 shares of common stock to the Fred L. Drake Revocable Trust on 11/12/2025 (Code G).

How many HBT shares does Fred L. Drake hold directly after the transaction?

He reported 7,705 shares held directly after the reported transaction.

What are Fred L. Drake’s indirect HBT holdings after the transaction?

He reported 65,815 shares via the Revocable Trust and 17,210,400 shares via the Heartland Bancorp, Inc. Voting Trust.

What is Transaction Code G on the Form 4 for HBT?

Code G indicates a bona fide gift or similar transfer; here, shares were transferred to a revocable trust at a stated price of $0.

What roles does Fred L. Drake hold at HBT Financial?

He is Executive Chairman, a Director, and a 10% Owner.

What is noted about the Voting Trust in the HBT filing?

Drake is trustee of the Heartland Bancorp, Inc. Voting Trust and disclaims beneficial ownership except to the extent of his pecuniary interest.

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

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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)
11/12/2025

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	11/12/2025		G	V	45,815(1)	D	$0	7,705	D
Common Stock, $0.01 par value								65,815	I	By the Fred L. Drake Revocable Trust
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 reporting person transferred 45,815 shares of common stock to the Fred L. Drake Revocable Trust of which the reporting person is a beneficiary and trustee.

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	11/12/2025
	/s/ Renee K. Fehr, Attorney-in-Fact for Heartland Bancorp, Inc. Voting Trust U/A/D 5/4/2016	11/12/2025
	** 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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