Fred L. Drake - Feb 29, 2024 Form 4 Insider Report for HBT Financial, Inc. (HBT)

Role: Executive Chairman, Director, 10%+ Owner
Signature: /s/ Andrea E. Zurkamer, Attorney-in-Fact for Heartland Bancorp, Inc. Voting Trust U/A/D 5/4/2016
Stock symbol: HBT
Transactions as of: Feb 29, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/4/2024, 05:20 PM
Previous filing: Mar 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HBT	Common Stock, $0.01 par value	Award	$0	+4.67K	+15.47%	$0.00	34.9K	Feb 29, 2024	Direct	F1
transaction	HBT	Common Stock, $0.01 par value	Award	$0	+11.1K	+31.96%	$0.00	46K	Feb 29, 2024	Direct	F2
holding	HBT	Common Stock, $0.01 par value						93.7K	Feb 29, 2024	By the Fred L. Drake Revocable Trust
holding	HBT	Common Stock, $0.01 par value						17.2M	Feb 29, 2024	See footnote	F3

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

Explanation of Responses:

Id	Content
F1	The reporting person received 4,671 restricted stock units ("RSUs") under the HBT Financial, Inc. Omnibus Incentive Plan. The RSUs vest in three annual installments, with 33% vesting on February 28, 2025, 33% vesting on February 28, 2026, and 34% vesting on February 28, 2027.
F2	Shares of common stock acquired upon settlement of performance restricted stock unit award granted to the reporting person on February 19, 2021.
F3	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.