[Form 4] HILLTOP HOLDINGS INC. Insider Trading Activity

Rhea-AI Filing Summary

Hilltop Holdings Inc. (HTH) – Form 4 insider transaction

• Reporting person: Jonathan S. Sobel, Director and Hilltop Securities Chairman.
• Transaction date: 07/24/2025.
• Securities acquired: 957 shares of common stock under the company’s 2020 Equity Incentive Plan as annual director compensation (Transaction Code A).
• Acquisition price: $31.36, calculated from the 07/23/2025 closing price.
• Post-transaction direct ownership: 27,428.694 shares.
• No derivative securities were reported.

The filing records a routine equity grant for board service; it contains no earnings, guidance or other operational disclosures.

Positive

• Director Jonathan S. Sobel acquired 957 shares of HTH common stock at $31.36, raising his direct holdings to 27,428.694 shares.

Negative

• None.

Insights

Securities Analyst

TL;DR: Small, routine director share grant; negligible financial impact but modest alignment with shareholders.

The Form 4 documents a standard equity grant of 957 HTH shares to Director Jonathan S. Sobel at $31.36 per share, boosting his direct stake to roughly 27.4 k shares. Because the shares were awarded as annual board compensation—not an open-market purchase—the transaction provides limited incremental insight into insider sentiment or valuation. The dollar value (~$30k) is immaterial relative to Hilltop’s market cap and should not affect fundamentals or liquidity. Overall impact for investors is neutral, though continued equity ownership supports governance alignment.

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).

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)
07/24/2025

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	07/24/2025		A		957(1)	A	$31.36(2)	27,428.694	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. Shares acquired pursuant to the Hilltop Holdings Inc. 2020 Equity Incentive Plan as annual compensation for services rendered as a director for the prior year.

2. Price per share calculated using the closing price per share on July 23, 2025, the day prior to the Company's annual stockholders' meeting.

Remarks:

	/s/ Jonathan S. Sobel	07/28/2025
	** 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

How many Hilltop Holdings (HTH) shares did Jonathan S. Sobel acquire?

He received 957 shares of common stock as part of the 2020 Equity Incentive Plan.

What was the acquisition price in the HTH Form 4 filing?

The shares are valued at $31.36 per share, the closing price on 07/23/2025.

What is Jonathan S. Sobel’s total HTH ownership after the transaction?

Following the grant, he directly owns 27,428.694 shares.

Was any derivative security activity reported in this Form 4?

No. The filing shows no derivative securities acquired or disposed of.

Why were the shares granted to Jonathan S. Sobel?

They were issued as annual compensation for his services as a director for the prior year.