[Form 4] HILLTOP HOLDINGS INC. Insider Trading Activity

Rhea-AI Filing Summary

Insider purchases reported for Hilltop Holdings Inc. (HTH). Jonathan S. Sobel, Hilltop Securities Chairman and a director/officer of Hilltop Holdings, reported three open-market purchases totaling 30,000 shares on 08/22/2025, 08/25/2025 and 08/26/2025 at weighted-average prices of $34.57, $34.75 and $35.21, respectively. Following these transactions his beneficial ownership increased to 117,428.694 shares, all reported as direct ownership. Each reported price is a weighted average of multiple trades within disclosed price ranges.

Positive

• Reported purchases total 30,000 shares, increasing direct beneficial ownership to 117,428.694 shares.
• Purchases were disclosed promptly and include weighted-average pricing with offer to provide per-trade details, supporting transparency.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director/officer Jonathan Sobel purchased 30,000 HTH shares across three days, raising direct holdings to 117,428.694 shares.

These Form 4 entries document routine open-market acquisitions rather than derivative exercises or transfers. The transactions are identified with purchase code "P" and show weighted-average prices for each date, with the filer offering to disclose per-trade details on request. For analysts, the key facts are the dates, quantities, and average prices which allow calculation of cost basis for the added shares. The filings do not include any additional context such as 10b5-1 plan attribution or purpose beyond direct ownership.

Corporate Governance Expert

TL;DR: Report shows straightforward, timely insider reporting of open-market purchases by a company director and officer.

The Form 4 is properly executed and signed by the reporting person, discloses relationship to the issuer (director and Hilltop Securities Chairman), and reports direct ownership increases. Explanatory footnotes clarify weighted-average pricing and offer full per-trade pricing on request, which supports transparency. The form contains no amendments, derivative transactions, or indicator of contractual trading plans in the provided text.

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
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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)
08/22/2025

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	08/22/2025		P		10,000	A	$34.57(1)	97,428.694	D
Common Stock	08/25/2025		P		10,000	A	$34.75(2)	107,428.694	D
Common Stock	08/26/2025		P		10,000	A	$35.21(3)	117,428.694	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 $34.23 to $34.82, 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.

2. The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $34.65 to $34.90, 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.

3. The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $34.86 to $35.44, 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	08/26/2025
	** 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 insider transactions were reported on the Form 4 for HTH?

Jonathan S. Sobel reported three open-market purchases totaling 30,000 shares on 08/22/2025, 08/25/2025 and 08/26/2025.

At what prices did the insider buy HTH shares?

Reported weighted-average prices were $34.57 on 08/22/2025, $34.75 on 08/25/2025 and $35.21 on 08/26/2025; footnotes disclose price ranges for the multiple trades.

How did the insider's ownership change after the reported trades?

Following the transactions the reporting person beneficially owned 117,428.694 shares, reported as direct ownership.

What is the reporting person’s role at Hilltop Holdings (HTH)?

The Form 4 lists Jonathan S. Sobel as a Director and as Hilltop Securities Chairman, and he filed as an individual reporting person.

Does the filing indicate whether trades were part of a prearranged plan?

The provided filing text does not indicate that these transactions were made pursuant to a Rule 10b5-1 plan or other prearranged contract.