[Form 4] HILLTOP HOLDINGS INC. Insider Trading Activity

Rhea-AI Filing Summary

Insider purchases increased Hilltop Holdings (HTH) shares over three days in August 2025. Jonathan S. Sobel, a director and Hilltop Securities Chairman, reported three open-market purchases of Common Stock: 10,000 shares on 08/19/2025 at a weighted average price of $32.92, 10,000 shares on 08/20/2025 at $32.93, and 10,000 shares on 08/21/2025 at $33.19. Following these transactions the filing reports 87,428.694 shares beneficially owned by the reporting person. Each reported price represents a weighted average across multiple executions within disclosed price ranges. The filing is a Form 4 reporting Section 16 changes and is signed by the reporting person.

Positive

• Reported acquisition of 30,000 common shares over three trading days, indicating insider accumulation.
• Clear weighted-average pricing and price ranges disclosed for each day's transactions, with an undertaking to provide per-lot details on request.
• Reporting person is a director and Hilltop Securities Chairman, and beneficial ownership is disclosed as 87,428.694 shares after transactions.

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider added 30,000 HTH shares across three days, modestly increasing his stake at roughly $33 per share.

The reported open-market purchases total 30,000 common shares executed over 08/19–08/21/2025 at weighted average prices of $32.92, $32.93 and $33.19. The filing shows the reporting person now beneficially owns 87,428.694 shares. For investors, the transactions are a straightforward disclosure of insider accumulation rather than a material corporate event. The data provided includes weighted-average price ranges for each day and an undertaking to supply per-lot details upon request.

Corporate Governance Expert

TL;DR: Director and Hilltop Securities Chairman reported routine open-market purchases; disclosure appears complete and properly signed.

The Form 4 lists Jonathan S. Sobel as both a director and an officer (Hilltop Securities Chairman) and documents three purchase transactions under Section 16 for August 19–21, 2025. The filing includes explanatory notes on weighted-average pricing and contains the reporting person’s signature dated 08/21/2025. From a governance perspective, the report fulfils reporting obligations and provides transparency about beneficial ownership increases.

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)
08/19/2025

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	08/19/2025		P		10,000	A	$32.92(1)	67,428.694	D
Common Stock	08/20/2025		P		10,000	A	$32.93(2)	77,428.694	D
Common Stock	08/21/2025		P		10,000	A	$33.19(3)	87,428.694	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 $32.77 to $33.06, 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 $32.82 to $33.01, 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 $32.97 to $33.28, 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	08/21/2025
	** 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 transactions did Jonathan S. Sobel report for HTH?

He reported three open-market purchases: 10,000 shares on 08/19/2025 at $32.92 (weighted average), 10,000 shares on 08/20/2025 at $32.93 (weighted average), and 10,000 shares on 08/21/2025 at $33.19 (weighted average).

How many HTH shares does the reporting person beneficially own after these Form 4 transactions?

The filing reports 87,428.694 shares beneficially owned following the reported transactions.

What is the reporting person's relationship to Hilltop Holdings (HTH)?

Jonathan S. Sobel is reported as both a Director and an Officer with the title Hilltop Securities Chairman.

Do the reported prices represent single trades or averages?

Each reported price is a weighted average across multiple transactions and the filing discloses the price ranges for those executions.

When were the Form 4 transactions executed and signed?

Transactions occurred on 08/19/2025, 08/20/2025 and 08/21/2025; the Form 4 is signed by the reporting person on 08/21/2025.