<SEC-DOCUMENT>0001789530-25-000004.txt : 20250730
<SEC-HEADER>0001789530-25-000004.hdr.sgml : 20250730
<ACCEPTANCE-DATETIME>20250730160604
ACCESSION NUMBER:		0001789530-25-000004
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250730
DATE AS OF CHANGE:		20250730

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HBT Financial, Inc.
		CENTRAL INDEX KEY:			0000775215
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		ORGANIZATION NAME:           	02 Finance
		EIN:				371117216
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-91419
		FILM NUMBER:		251167009

	BUSINESS ADDRESS:	
		STREET 1:		401 N. HERSHEY ROAD
		CITY:			BLOOMINGTON
		STATE:			IL
		ZIP:			61702
		BUSINESS PHONE:		(309) 662-4444

	MAIL ADDRESS:	
		STREET 1:		401 N. HERSHEY ROAD
		CITY:			BLOOMINGTON
		STATE:			IL
		ZIP:			61702

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HEARTLAND BANCORP, INC.
		DATE OF NAME CHANGE:	20190624

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HEARTLAND BANCORP
		DATE OF NAME CHANGE:	19850822

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DRAKE FRED L
		CENTRAL INDEX KEY:			0001789530
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	MAIL ADDRESS:	
		STREET 1:		401 N. HERSHEY ROAD
		CITY:			BLOOMINGTON
		STATE:			IL
		ZIP:			61702
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001789530</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>4</amendmentNo>
      <securitiesClassTitle>Common Stock, $0.01 par value per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>05/22/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0000775215</issuerCik>
        <issuerName>HBT Financial, Inc.</issuerName>
        <issuerCusip>404111106</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>401 N. HERSHEY ROAD</com:street1>
          <com:city>BLOOMINGTON</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>61702</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>DRAKE FRED L</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>17276215.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>17276215.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>17276215.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>54.9</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>All percentages calculated in this Schedule 13G are based upon an aggregate of 31,495,434 shares of Common Stock outstanding as of June 30, 2025, as disclosed in Exhibit 99.1 to the Issuer's Form 8-K filed with the Securities and Exchange Commission on July 21, 2025.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>HEARTLAND BANCORP, INC. VOTING TRUST U/A/D 5/4/2016</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>17210400.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>17210400.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>17210400.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>54.6</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>All percentages calculated in this Schedule 13G are based upon an aggregate of 31,495,434 shares of Common Stock outstanding as of June 30, 2025, as disclosed in Exhibit 99.1 to the Issuer's Form 8-K filed with the Securities and Exchange Commission on July 21, 2025.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>DRAKE ALLEN C</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>2800.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>2800.00</soleDispositivePower>
        <sharedDispositivePower>1367268.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1370068.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>4.4</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>All percentages calculated in this Schedule 13G are based upon an aggregate of 31,495,434 shares of Common Stock outstanding as of June 30, 2025, as disclosed in Exhibit 99.1 to the Issuer's Form 8-K filed with the Securities and Exchange Commission on July 21, 2025. The George E. Drake Inter-Vivos Family Trust, which previously held trust certificates of the Voting Trust (as defined below) representing 5,939,880 shares of Common Stock and for which Allen C. Drake Served as trustee, has been dissolved. As such, Allen C. Drake no longer owns five percent of the Issuer's Common Stock. This Amendment No. 4 constitutes an exit filing for Allen C. Drake.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>HBT Financial, Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>401 N. HERSHEY ROAD, BLOOMINGTON, ILLINOIS, 61702.</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>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 U/A/D 5/4/2016 (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. 4 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.
</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>c/o HBT Financial, Inc.
401 N. Hershey Road
Bloomington, IL 61704</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Fred L. Drake: United States
The Voting Trust: Delaware
Allen C. Drake: United States</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>The Voting Trust directly holds 17,210,400 shares of Common Stock of the Issuer, or 54.6% 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) 2,465,738 shares held for the benefit of trusts for which Fred L. Drake is the beneficiary and the trustee and (ii) 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 20,000 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. Shares of Common Stock in the Voting Trust include (i) 1,166,288 shares held for the benefit of Allen C. Drake and (ii) 200,980 shares held for the benefit of Allen C. Drake's wife.
</amountBeneficiallyOwned>
        <classPercent>See responses to Item 11 on each cover page. All percentages calculated in this Schedule 13G are based upon an aggregate of 31,495,434 shares of Common Stock outstanding as of June 30, 2025, as disclosed in Exhibit 99.1 to the Issuer's Form 8-K filed with the Securities and Exchange Commission on July 21, 2025.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>See responses to Item 5 on each cover page.</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>See responses to Item 6 on each cover page.</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>See responses to Item 7 on each cover page.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>See responses to Item 8 on each cover page.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <exhibitInfo>Exhibit 99.1: Joint Filing Agreement dated as of February 14, 2020, by and among each of the Reporting Persons (previously filed)</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>DRAKE FRED L</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Fred L. Drake</signature>
        <title>Fred L. Drake</title>
        <date>07/30/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>HEARTLAND BANCORP, INC. VOTING TRUST U/A/D 5/4/2016</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Fred L. Drake</signature>
        <title>Fred L. Drake, Trustee</title>
        <date>07/30/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>DRAKE ALLEN C</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Allen C. Drake</signature>
        <title>Allen C. Drake</title>
        <date>07/30/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
