Director and 10% owner Jonathan R. Scott filed a Form 4 with the SEC on October 26, 2026, reporting two sales of First Interstate BancSystem, Inc. common stock totaling 5,000 shares executed on October 23 and October 26, 2026.

Key Highlights

  • First sale: 825 shares sold on October 23, 2026, at a weighted average price of $37.00, with individual transaction prices ranging from $37.00 to $37.01.
  • Second sale: 4,175 shares sold on October 26, 2026, at a weighted average price of $37.31, with individual transaction prices ranging from $37.15 to $37.38.
  • Indirect ownership after transactions: 807,738 shares beneficially owned indirectly following the October 26 sale.
  • Ownership structure: Indirect holdings are spread across the Jonathan R. Scott Trust, IXL Limited Liability Company, three family trusts, and shares held by Scott's spouse.
  • Group disclaimer: The reporting persons disclaim beneficial ownership of securities held by other group members, except to the extent of each person's pecuniary interest.

Scott Trust and Affiliated Entities Reduce First Interstate BancSystem Holdings

According to the filing, Jonathan R. Scott, identified as a director and 10% owner of First Interstate BancSystem, Inc. (NASDAQ:FIBK), disposed of a combined 5,000 shares of common stock across two transactions. The first transaction on October 23, 2026, involved 825 shares sold at a weighted average price of $37, with prices in that block ranging from $37.00 to $37.01. The second transaction on October 26, 2026, covered 4,175 shares at a weighted average price of $37.31, with prices ranging from $37.15 to $37.38. Both transaction codes are listed as "S" (sale) in the filing.

Both sales reflect indirect ownership. After the October 23 transaction, indirectly held shares totaled 811,913. After the October 26 transaction, that figure declined to 807,738. The filing breaks down the indirect ownership following the October 26 sale as: 443,200 shares held by Jonathan Scott as Trustee of the Jonathan R. Scott Trust Dated as of 4/21/04; 209,678 shares held by IXL Limited Liability Company; 36,553 shares held by Holland Elizabeth Scott Trust; 36,553 shares held by Harper Grace Scott Trust; 36,554 shares held by Harrison William Scott Trust; and 45,200 shares held by Jonathan Scott's spouse.

The filing notes that as a result of certain agreements among the reporting persons, the issuer, and certain other stockholders, the reporting persons "may be deemed members of a group" and "may be deemed to share beneficial ownership of the securities reported herein." Each reporting person disclaims beneficial ownership except to the extent of its own pecuniary interest. The filing was signed by Timothy Leuthold as Attorney-in-Fact for the reporting persons.

What Was Disclosed

Director and 10% owner Jonathan R. Scott reported two open-market sales of First Interstate BancSystem common stock on October 23 and October 26, 2026, totaling 5,000 shares, held indirectly across several trusts, a limited liability company, and a spouse's account.