SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)
HBT Financial, Inc.
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
404111106
(CUSIP Number)
05/22/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
404111106
1
Names of Reporting Persons
DRAKE FRED L
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
17,276,215.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
17,276,215.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
17,276,215.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
54.9 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: All percentages calculated in this Schedule 13G are based upon an aggregate of 31,495,434 shares of Common Stock outstanding as of June 30, 2025, as disclosed in Exhibit 99.1 to the Issuer's Form 8-K filed with the Securities and Exchange Commission on July 21, 2025.
SCHEDULE 13G
CUSIP No.
404111106
1
Names of Reporting Persons
HEARTLAND BANCORP, INC. VOTING TRUST U/A/D 5/4/2016
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
17,210,400.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
17,210,400.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
17,210,400.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
54.6 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: All percentages calculated in this Schedule 13G are based upon an aggregate of 31,495,434 shares of Common Stock outstanding as of June 30, 2025, as disclosed in Exhibit 99.1 to the Issuer's Form 8-K filed with the Securities and Exchange Commission on July 21, 2025.
SCHEDULE 13G
CUSIP No.
404111106
1
Names of Reporting Persons
DRAKE ALLEN C
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,800.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,800.00
8
Shared Dispositive Power
1,367,268.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,370,068.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.4 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: All percentages calculated in this Schedule 13G are based upon an aggregate of 31,495,434 shares of Common Stock outstanding as of June 30, 2025, as disclosed in Exhibit 99.1 to the Issuer's Form 8-K filed with the Securities and Exchange Commission on July 21, 2025. The George E. Drake Inter-Vivos Family Trust, which previously held trust certificates of the Voting Trust (as defined below) representing 5,939,880 shares of Common Stock and for which Allen C. Drake Served as trustee, has been dissolved. As such, Allen C. Drake no longer owns five percent of the Issuer's Common Stock. This Amendment No. 4 constitutes an exit filing for Allen C. Drake.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
HBT Financial, Inc.
(b)
Address of issuer's principal executive offices:
401 N. HERSHEY ROAD, BLOOMINGTON, ILLINOIS, 61702.
Item 2.
(a)
Name of person filing:
This statement is being jointly filed by each of the entities below pursuant to Rule 13d-1(k) promulgated by the Securities and Exchange Commission pursuant to Section 13 of the Act, all of whom together are referred to herein as the "Reporting Persons":
(i) Fred L. Drake
(ii) Heartland Bancorp, Inc. Voting Trust U/A/D 5/4/2016 (the "Voting Trust")
(iii) Allen C. Drake
The Reporting Persons have entered into a Joint Filing Agreement, dated February 14, 2020, a copy of which is listed as Exhibit 99.1 to this Amendment No. 4 to Schedule 13G, pursuant to which the Reporting Persons agreed to file this Schedule 13G and any amendments thereto jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.
(b)
Address or principal business office or, if none, residence:
c/o HBT Financial, Inc.
401 N. Hershey Road
Bloomington, IL 61704
(c)
Citizenship:
Fred L. Drake: United States
The Voting Trust: Delaware
Allen C. Drake: United States
(d)
Title of class of securities:
Common Stock, $0.01 par value per share
(e)
CUSIP No.:
404111106
Item 4.
Ownership
(a)
Amount beneficially owned:
The Voting Trust directly holds 17,210,400 shares of Common Stock of the Issuer, or 54.6% of the outstanding shares of Common Stock of the Issuer.
Fred L. Drake is the sole trustee of the Voting Trust and exercises sole voting and investment control over the Common Stock held by the Voting Trust. Fred L. Drake may be deemed to be the beneficial owner of the Common Stock held in the Voting Trust by virtue of his position as trustee. Fred L. Drake disclaims beneficial ownership of the securities held in the Voting Trust except to the extent of his pecuniary interest therein. Shares of Common Stock in the Voting Trust include (i) 2,465,738 shares held for the benefit of trusts for which Fred L. Drake is the beneficiary and the trustee and (ii) 154,800 shares held for the benefit of trusts for which Fred L. Drake's wife is the beneficiary and the trustee. In addition, there were 20,000 shares held pursuant to the Fred L. Drake Revocable Trust representing securities not held in the Voting Trust.
Allen C. Drake holds trust certificates issued by the Voting Trust. Shares of Common Stock in the Voting Trust include (i) 1,166,288 shares held for the benefit of Allen C. Drake and (ii) 200,980 shares held for the benefit of Allen C. Drake's wife.
(b)
Percent of class:
See responses to Item 11 on each cover page. All percentages calculated in this Schedule 13G are based upon an aggregate of 31,495,434 shares of Common Stock outstanding as of June 30, 2025, as disclosed in Exhibit 99.1 to the Issuer's Form 8-K filed with the Securities and Exchange Commission on July 21, 2025.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See responses to Item 5 on each cover page.
(ii) Shared power to vote or to direct the vote:
See responses to Item 6 on each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See responses to Item 7 on each cover page.
(iv) Shared power to dispose or to direct the disposition of:
See responses to Item 8 on each cover page.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
DRAKE FRED L
Signature:
/s/ Fred L. Drake
Name/Title:
Fred L. Drake
Date:
07/30/2025
HEARTLAND BANCORP, INC. VOTING TRUST U/A/D 5/4/2016
Signature:
/s/ Fred L. Drake
Name/Title:
Fred L. Drake, Trustee
Date:
07/30/2025
DRAKE ALLEN C
Signature:
/s/ Allen C. Drake
Name/Title:
Allen C. Drake
Date:
07/30/2025
Exhibit Information
Exhibit 99.1: Joint Filing Agreement dated as of February 14, 2020, by and among each of the Reporting Persons (previously filed)
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