FRED L. DRAKE - 04 Feb 2025 Form 4 Insider Report for HBT Financial, Inc. (HBT)

Role: Executive Chairman, Director, 10%+ Owner
Signature: /s/ Andrea E. Zurkamer, Attorney-in-Fact for Fred L. Drake
Issuer symbol: HBT
Transactions as of: 04 Feb 2025
Transactions value $: -$244,548
Form type: 4
Filing time: 05 Feb 2025, 16:11:11 UTC
Previous filing: 31 Jan 2025
Next filing: 10 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HBT	Common Stock, $0.01 par value	Sale	-$244,547	-9,945	-18.55%	$24.59	43,670	04 Feb 2025	By the Fred L. Drake Revocable Trust	F1
holding	HBT	Common Stock, $0.01 par value						46,003	04 Feb 2025	Direct
holding	HBT	Common Stock, $0.01 par value						17,210,400	04 Feb 2025	See footnote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.56 to $24.63, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2	Consists of shares of common stock held by the Heartland Bancorp, Inc. Voting Trust U/A/D May 4, 2016 (the "Voting Trust"). Mr. Drake is the trustee of the Voting Trust and exercises sole voting and investment control over the common stock held thereby. Mr. Drake may be deemed to be the beneficial owner of securities held by the Voting Trust to the extent that he or his immediate family members are beneficiaries of such trust. Mr. Drake disclaims beneficial ownership of the shares held by the Voting Trust except to the extent of his pecuniary interest therein.

Content

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.56 to $24.63, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

Consists of shares of common stock held by the Heartland Bancorp, Inc. Voting Trust U/A/D May 4, 2016 (the "Voting Trust"). Mr. Drake is the trustee of the Voting Trust and exercises sole voting and investment control over the common stock held thereby. Mr. Drake may be deemed to be the beneficial owner of securities held by the Voting Trust to the extent that he or his immediate family members are beneficiaries of such trust. Mr. Drake disclaims beneficial ownership of the shares held by the Voting Trust except to the extent of his pecuniary interest therein.