SC 13G/A: HBT Financial, Inc.

AI Summary

SC 13G/A filing by HBT Financial, Inc..

Risk Assessment

Risk Level: low

Key Financial Figures

• $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 par value per share (Titles of Class

Filing Documents

• sc13g_a20231231.htm (SC 13G/A) — 88KB
• 0001628280-24-004636.txt ( ) — 90KB

(a). Name of Issuer

Item 1(a). Name of Issuer HBT Financial, Inc. (the " Issuer ")

(b). Address of Issuer's Principal Executive Offices

Item 1(b). Address of Issuer's Principal Executive Offices 401 N. Hershey Road Bloomington, IL 61704

(a). Name of Person Filing

Item 2(a). Name of Person Filing This statement is being jointly filed by each of the entities below pursuant to Rule 13d-1(k) promulgated by the Securities and Exchange Commission pursuant to Section 13 of the Act, all of whom together are referred to herein as the " Reporting Persons " (i) Fred L. Drake (ii) Heartland Bancorp, Inc. Voting Trust UAD 542016 (the "Voting Trust") (iii) Allen C. Drake The Reporting Persons have entered into a Joint Filing Agreement, dated February 14, 2020, a copy of which is listed as Exhibit 99.1 to this Amendment No. 2 to Schedule 13G, pursuant to which the Reporting Persons agreed to file this Schedule 13G and any amendments thereto jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.

(b). Address of Principal Business Office or, if none, Residence

Item 2(b). Address of Principal Business Office or, if none, Residence The principal business address of each of the Reporting Persons is as follows co HBT Financial, Inc. 401 N. Hershey Road Bloomington, IL 61704

(c). Citizenship

Item 2(c). Citizenship Fred L. Drake United States The Voting Trust Delaware Allen C. Drake United States

(d). Titles of Classes of Securities

Item 2(d). Titles of Classes of Securities Common stock, $0.01 par value per share (the " Common Stock ")

(e). CUSIP Number

Item 2(e). CUSIP Number 404111 106 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a(n) (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) o A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) o Non-U.S. institution in accordance with Rule 13d–1(b)(1)(ii)(J). (k) o Group, in accordance with 240.13d–1(b)(1)(ii)(K). Not Applicable.

Ownership

Item 4. Ownership (a) Amount beneficially owned The Heartland Bancorp, Inc. Voting Trust UAD 542016 (Voting Trust) directly holds 17,210,400 shares of Common Stock of the Issuer, or 54.3% of the outstanding shares of Common Stock of the Issuer. Fred L. Drake is the sole trustee of the Voting Trust and exercises sole voting and investment control over the Common Stock held by the Voting Trust. Fred L. Drake may be deemed to be the beneficial owner of the Common Stock held in the Voting Trust by virtue of his position as trustee. Fred L. Drake disclaims beneficial ownership of the securities held in the Voting Trust except to the extent of his pecuniary interest therein. Shares of Common Stock in the Voting Trust include (i) 980,768 shares held for the benefit of trusts for which Fred L. Drake is the beneficiary and the trustee, (ii) 1,484,970 shares held for the benefit of the Inter-Vivos Trust (as defined below) for which Fred L. Drake is the beneficiary but not the trustee and (iii) 154,800 shares held for the benefit of trusts for which Fred L. Drake's wife is the beneficiary and the trustee. In addition, there were 93,670 shares held pursuant to the Fred L. Drake Revocable Trust representing securities not held in the Voting Trust. Allen C. Drake holds trust certificates issued by the Voting Trust, and is the trustee of the George E. Drake Inter-Vivos Family Trust (the "Inter-Vivos Trust") which holds certificates issued by the Voting Trust. Shares of Common Stock in the Voting Trust include (i) 11,318 shares held for the benefit of Allen C. Drake, (ii) 200,980 shares held for the benefit of Allen C. Drake's wife and (iii) 5,939,880 shares held for the benefit of the Inter-Vivos Trust for which Allen C. Drake is the trustee. Allen C. Drake is a beneficiary of 25% of the shares held by the Inter-Vivos Trust. (b) Percent of class See responses to Item 11 on each cover page. All percentages calculated in this Schedule 13G are based upon an aggregate of 31,6

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o .

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not Applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not Applicable.

Certification

Item 10. Certification. Not Applicable. SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. We also hereby agree to file this statement jointly pursuant to the Agreement listed on Exhibit 99.1 hereto. Dated February 14, 2024 FRED L. DRAKE s Fred L. Drake HEARTLAND BANCORP, INC. VOTING TRUST UAD 542016 By s Fred L. Drake Name Fred L. Drake Title Trustee ALLEN C. DRAKE s Allen C. Drake EXHIBIT INDEX Exhibit No. 99.1 Joint Filing Agreement dated as of February 14, 2020, by and among each of the Reporting Persons (previously filed)

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