HLAN Heartland Bancorp (QX)

[ ] 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 OF SECURITIES                                                                                   
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940                       

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/YYYY) 7/27/2019
(Street) BLOOMINGTON, IL 61704 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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	7/27/2019		X(1)		6120	A	$7.75	57780	D
Common Stock, $0.01 par value	7/27/2019		S(1)		6120	D	$25.75	51660	D
Common Stock, $0.01 par value	10/16/2019		P		10000 (2)	A	$16.00	61660	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		7. Title and Amount of Securities Underlying Derivative Security (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	7/27/2019		X (1)			6120	3/15/2015	3/15/2025	Common Stock	6120	$0	0	D
Stock Appreciation Right	$16.32	9/1/2019		A (3)		6120		(3)	9/1/2029	Common Stock	6120	$0	6120	D

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.

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, IL 61704			EVP & Chief Financial Officer

Signatures
/s/ Andrea E. Zurkamer, attorney-in-fact		10/18/2019
**Signature of Reporting Person		Date

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).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.