Harper Grace Scott Trust 4
4 · FIRST INTERSTATE BANCSYSTEM INC · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
First Interstate (FIBK) 10% Owner Jonathan R. Scott Sells 3,000 Shares
What Happened
Jonathan R. Scott, reported as a 10% owner of First Interstate BancSystem, Inc. (FIBK), sold 3,000 shares in an open-market transaction on March 26, 2026. The weighted-average sale price was $33.45 per share (prices ranged $33.31–$33.55), for gross proceeds of approximately $100,350. This was a sale (not a purchase); sales by insiders are common and do not by themselves signal management sentiment.
Key Details
- Transaction date: 2026-03-26; Form 4 filed 2026-03-27 (filed next day, appears timely).
- Type: Open-market sale (code S).
- Quantity & price: 3,000 shares sold at a weighted-average $33.45; individual trades ranged $33.31–$33.55 (footnote F1).
- Proceeds: ~ $100,350.
- Shares owned (per filing footnote F2): beneficial/record holdings total 933,024 shares across trusts and entities; after this 3,000-share sale that would be roughly 930,024 shares (calculation based on footnote).
- Notable footnotes: F1 explains the weighted-average price and range; F2 breaks down record holdings by trusts/entities; F3 notes the reporting persons may be deemed part of a group and disclaims broader beneficial ownership except for pecuniary interest.
Context
As a reported 10% owner, Scott is a large shareholder; such sales can reflect diversification, estate or tax planning, or routine liquidity needs rather than a view on the company. This filing documents a straightforward open-market sale—no option exercise, gift, or tax-withholding transaction was reported.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-26$33.45/sh−3,000$100,350→ 933,024 total(indirect: See Footnote)
Footnotes (3)
- [F1]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.31 to $33.55. The reporting person undertakes to provide to First Interstate BancSystem, Inc., any security holder of First Interstate BancSystem, Inc., or the staff of the Securities and Exchange Commission, upon, request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F2]Composed of 568,486 shares held of record by Jonathan Scott as Trustee of the Jonathan R Scott Trust Dated as of 4/21/04, 209,678 shares held of record by IXL Limited Liability Company, 36,553 shares held of record by Holland Elizabeth Scott Trust, 36,553 shares held of record by Harper Grace Scott Trust, 36,554 shares held of record by Harrison William Scott Trust and 45,200 shares held of record by Jonathan Scott's spouse.
- [F3]As a result of certain agreements entered into by and among the reporting persons, the Issuer, and certain other stockholders of the Issuer, the reporting persons may be deemed members of a group with the other signatories thereto and may be deemed to share beneficial ownership of the securities reported herein. Each of the reporting persons disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein. The reporting persons expect to file future Forms 4 and 5, if any, together with Jonathan R. Scott with the indication of direct or indirect ownership in Table I and Table II being made from Jonathan R. Scott's perspective. The nature of beneficial ownership is described in detail by footnote for all reporting persons.