[Form 4] HILLTOP HOLDINGS INC. Insider Trading Activity

Rhea-AI Filing Summary

Jonathan S. Sobel, a director and Hilltop Securities Chairman, purchased 10,000 shares of Hilltop Holdings Inc. (HTH) common stock on 08/27/2025 at a weighted average price of $35.36 per share. After the transaction he reports beneficial ownership of 127,428.694 shares. The Form 4 was signed on 08/29/2025. The filing notes the purchase occurred in multiple trades at prices ranging from $35.26 to $35.47, and the reporting person offers to provide details of the per-trade quantities on request.

Positive

• Insider purchase of 10,000 shares reported, indicating buying activity by a director/officer
• Transparent disclosure with weighted-average price and offered per-trade detail supports compliance

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchased shares, a modest directional signal but likely immaterial to valuation alone.

The purchase of 10,000 shares at a weighted average price of $35.36 shows insider buying interest from a director who is also Hilltop Securities Chairman. In absolute terms the transaction size is moderate and, without context on total outstanding shares or recent insider activity, is unlikely by itself to materially change valuation assumptions. The disclosed weighted-average price range ($35.26–$35.47) and the offer to provide per-trade details are helpful for transparency.

Corporate Governance Expert

TL;DR: Transaction was properly disclosed and signed; governance procedures appear followed.

The Form 4 shows required disclosures: reporting person identity, relationship to issuer (director and officer), transaction date, amount purchased, weighted-average price and signature. The filing includes the Rule 10b5-1 plan checkbox option text but does not indicate a 10b5-1 plan was used. From a governance perspective the timely, signed disclosure supports regulatory compliance; no governance red flags are visible in this filing.

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^*

SOBEL JONATHAN S

(Last) (First) (Middle)

6565 HILLCREST AVE

(Street)

DALLAS TX 75205

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hilltop Holdings Inc. [ HTH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Hilltop Securities Chairman

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

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	08/27/2025		P		10,000	A	$35.36(1)	127,428.694	D

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. The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $35.26 to $35.47, inclusive. The reporting person undertakes to provide to Hilltop Holdings Inc., any stockholder of Hilltop Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within such range.

Remarks:

	/s/ Jonathan S. Sobel	08/29/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Jonathan S. Sobel purchase in the HTH Form 4?

He purchased 10,000 shares of Hilltop Holdings Inc. common stock on 08/27/2025.

At what price were the HTH shares purchased according to the Form 4?

The shares were bought at a weighted average price of $35.36, with trade prices ranging from $35.26 to $35.47.

How many HTH shares does Jonathan S. Sobel beneficially own after the reported transaction?

He reports beneficial ownership of 127,428.694 shares following the purchase.

When was the Form 4 for this HTH transaction signed?

The Form 4 bears the reporting person's signature dated 08/29/2025.

Does the Form 4 indicate the purchase was made under a 10b5-1 trading plan?

The form includes the instruction text about 10b5-1 plans but does not indicate that this transaction was executed pursuant to a 10b5-1 plan.