How was the share price determined for Jonathan Sobel’s 188-share HTH grant?

The price per share of $35.224 was calculated as the average closing price of Hilltop Holdings common stock for the period from March 18, 2026 to March 31, 2026. This average was used to value the compensation grant.

What plan governed the 188-share stock award reported by HTH director Sobel?

The 188-share award was granted under the Hilltop Holdings Inc. 2020 Equity Incentive Plan . This plan provides equity-based compensation to directors and others, and the reported shares were issued specifically for Sobel’s director services in early 2026.

Hilltop Holdings (HTH) director gets 188-share equity grant as Q1 pay

Q: What insider transaction did HTH director Jonathan Sobel report on this Form 4?

Jonathan S. Sobel reported receiving 188 shares of Hilltop Holdings common stock as a grant. The shares were awarded as compensation for his services as a director during the first calendar quarter of 2026 under the company’s equity incentive plan.

Q: Was the HTH Form 4 transaction a market purchase or a compensation grant?

The transaction was a compensation grant , not a market purchase. Sobel received 188 shares pursuant to Hilltop Holdings Inc.’s 2020 Equity Incentive Plan as payment for director services, rather than buying shares on the open market.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

SOBEL JONATHAN S reported acquisition or exercise transactions in this Form 4 filing.

Hilltop Holdings Inc. director and Hilltop Securities Chairman Jonathan S. Sobel received a grant of 188 shares of Common Stock as compensation for services rendered in the first quarter of 2026. The shares were valued at an average price of $35.224 per share, based on closing prices from March 18 to March 31, 2026. Following this award, his directly held position increased to 128,331.061 shares of Hilltop Holdings common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SOBEL JONATHAN S

Role Hilltop Securities Chairman

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	188	$35.224	$7K

Holdings After Transaction: Common Stock — 128,331.061 shares (Direct)

Footnotes (1)

Shares acquired pursuant to the Hilltop Holdings Inc. 2020 Equity Incentive Plan as compensation for services rendered as a director in the first calendar quarter of 2026. Price per share calculated using the average closing price per share for the period from March 18, 2026 to March 31, 2026.

Key Figures

Shares granted: 188 shares Grant valuation price: $35.224 per share Shares held after grant: 128,331.061 shares +1 more

4 metrics

Shares granted 188 shares Director compensation for first calendar quarter of 2026

Grant valuation price $35.224 per share Average closing price from March 18–31, 2026

Shares held after grant 128,331.061 shares Direct ownership following reported Form 4 transaction

Quarter of service First calendar quarter 2026 Period for which director services were compensated

Key Terms

2020 Equity Incentive Plan, Common Stock, grant/award acquisition, closing price per share

4 terms

2020 Equity Incentive Plan financial

"Shares acquired pursuant to the Hilltop Holdings Inc. 2020 Equity Incentive Plan as compensation"

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

grant/award acquisition financial

"transaction_action: grant/award acquisition"

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 06:45 PM

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

TEXAS

75205

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/31/2026		A		188⁽¹⁾	A	$35.224⁽²⁾	128,331.061	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares acquired pursuant to the Hilltop Holdings Inc. 2020 Equity Incentive Plan as compensation for services rendered as a director in the first calendar quarter of 2026.

2. Price per share calculated using the average closing price per share for the period from March 18, 2026 to March 31, 2026.

Remarks:

	/s/ Jonathan S. Sobel	04/02/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did HTH director Jonathan Sobel report on this Form 4?

Jonathan S. Sobel reported receiving 188 shares of Hilltop Holdings common stock as a grant. The shares were awarded as compensation for his services as a director during the first calendar quarter of 2026 under the company’s equity incentive plan.

Was the HTH Form 4 transaction a market purchase or a compensation grant?

The transaction was a compensation grant, not a market purchase. Sobel received 188 shares pursuant to Hilltop Holdings Inc.’s 2020 Equity Incentive Plan as payment for director services, rather than buying shares on the open market.

How many Hilltop Holdings (HTH) shares does Jonathan Sobel hold after this grant?

After receiving the 188-share grant, Jonathan S. Sobel directly holds 128,331.061 shares of Hilltop Holdings common stock. This figure reflects his total direct ownership following the reported compensation award in the first quarter of 2026.