Sec Form 4 Filing - DOHERTY MATTHEW J @ HBT Financial, Inc. - 2019-07-27

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person DOHERTY MATTHEW J 2. Issuer Name and Ticker or Trading Symbol HBT Financial, Inc. [ HBT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP & Chief Financial Officer (Last) (First) (Middle) C/O HBT FINANCIAL, INC., 401 N. HERSHEY ROAD 3. Date of Earliest Transaction (MM/DD/YY) 07/27/2019 (Street) BLOOMINGTON, IL61704 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock, $0.01 par value 07/27/2019 X( 1 ) 6,120 A $ 7.75 57,780 D Common Stock, $0.01 par value 07/27/2019 S( 1 ) 6,120 D $ 25.75 51,660 D Common Stock, $0.01 par value 10/16/2019 P 10,000 ( 2 ) A $ 16 61,660 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Appreciation Right $ 7.75 07/27/2019 X( 1 ) 6,120 03/15/2015 03/15/2025 Common Stock 6,120 $ 0 0 D Stock Appreciation Right $ 16.32 09/01/2019 A( 3 ) 6,120 ( 3 ) 09/01/2029 Common Stock 6,120 $ 0 6,120 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other DOHERTY MATTHEW J C/O HBT FINANCIAL, INC. 401 N. HERSHEY ROAD BLOOMINGTON, IL61704 EVP & Chief Financial Officer Signatures /s/ Andrea E. Zurkamer, attorney-in-fact 10/18/2019 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents the exercise of Stock Appreciation Rights ("SARs") granted pursuant to the Stock Appreciation Rights Agreement, dated as of March 15, 2010, by and between the Issuer and the reporting person. Certain of these transactions may be matchable transactions under Section 16(b) of the Exchange Act. The reporting person has agreed to surrender the full amount of any recoverable profits to the Issuer. ( 2 )Represents shares purchased through the Issuer's directed share program in connection with its initial public offering. ( 3 )Represents an award of SARs pursuant to the HBT Financial, Inc. Omnibus Incentive Plan. The SARs are fully vested. Upon exercise, the SARs will be settled in cash.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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