SEC Form 5 filed by Scott James R

2/18/26 6:16:14 AM ET

$FIBK

Major Banks

Finance

Get the next $FIBK alert in real time by email

SEC FORM 5 SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0362
Estimated average burden
hours per response:			1.0

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

Form 3 Holdings Reported.

Form 4 Transactions Reported.

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SCOTT JAMES R

(Last)

(First)

(Middle)

P.O. BOX 7113

(Street)

BILLINGS,

59103

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST INTERSTATE BANCSYSTEM INC [ FIBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock							2,531,970⁽¹⁾	I	See footnotes⁽¹⁾⁽²⁾⁽³⁾

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

SCOTT JAMES R

(Last)

(First)

(Middle)

P.O. BOX 7113

(Street)

BILLINGS,

59103

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

James R Scott Trust, James R Scott & First Interstate Wealth Management Co-TTEEs

(Last)

(First)

(Middle)

P.O. BOX 7113

(Street)

BILLINGS,

59103

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

JS Investments Limited Partnership

(Last)

(First)

(Middle)

P.O. BOX 7113

(Street)

BILLINGS,

59103

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

James R & Christine M Scott Foundation

(Last)

(First)

(Middle)

P.O. BOX 7113

(Street)

BILLINGS,

59103

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Foundation for Community Vitality

(Last)

(First)

(Middle)

P.O. BOX 7113

(Street)

BILLINGS,

59103

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

James F Heyneman Conservatorship, James Scott, Conservator

(Last)

(First)

(Middle)

P.O. BOX 7113

(Street)

BILLINGS,

59103

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

James F Heyneman Trust, James Scott & First Interstate Wealth Management Co-Trustees

(Last)

(First)

(Middle)

P.O. BOX 7113

(Street)

BILLINGS,

59103

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Composed of 1,989,882 shares held of record by James R Scott Trust, James R Scott & First Interstate Wealth Management Co-TTEEs, 14,534 shares held of record by James R Scott's 401(k) plan, 35,240 shares held of record by James R and Christine M Scott Foundation, 346,563 shares held of record by Foundation for Community Vitality, 73,002 shares held of record by James F Heyneman Conservatorship, James Scott, Conservator, 31,879 shares held of record by James F Heyneman Trust, James Scott & First Interstate Wealth Management Co-Trustees, and 40,870 shares held of record by James R. Scott's spouse. James R Scott ceased to have an indirect reportable beneficial ownership interest in the 1,901,036 shares held of record by JS Investments Limited Partnership upon his resignation in November 2025 as the Managing General Partner of such partnership.

2. As a result of agreements entered into among the reporting persons, the issuer, and other stockholders of the issuer signatory thereto, 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 therein. Each of the reporting persons disclaims beneficial ownership of any such securities, except to the extent of his or its pecuniary interest therein. The reporting persons expect to file future Forms 4 or 5, if any, together with James R. Scott with the indication of direct or indirect ownership in Tables I and II being made from James R. Scott's perspective, unless expressly noted otherwise by footnote.

3. As a result of the resignation described in footnote 1 hereto, JS Investments Limited Partnership no longer intends to file future Forms 4 or 5 with the other reporting persons identified in the form. The nature of beneficial ownership is described in detail by footnote for all reporting persons.

Remarks:

Form filed solely to reflect that JS Investments Limited Partnership is no longer filing Forms 4 and 5 together with the other reporting persons herein.

	JAMES R SCOTT, By: ++	02/17/2026
	James R Scott Trust, James R Scott & First Interstate Wealth Management Co-TTEEs, By:++	02/17/2026
	James R & Christine M Scott Foundation, By: ++	02/17/2026
	Foundation for Community Vitality, By: ++	02/17/2026
	James F Heyneman Conservatorship, James Scott, Conservator, By: ++	02/17/2026
	James F Heyneman Trust, James Scott & First Interstate Wealth Management Co-Trustees, By: ++	02/17/2026
	++ /s/ Timothy Leuthold, Attorney-in-Fact for Reporting Person	02/17/2026
	** 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 Number.

Get the next $FIBK alert in real time by email

Recent Analyst Ratings for

$FIBK

Date	Price Target	Rating	Analyst
2/5/2026		Overweight → Equal-Weight	Stephens
7/8/2025	$32.00	Underweight → Equal Weight	Barclays
6/23/2025	$32.00	Outperform	Keefe Bruyette
12/17/2024		Neutral	UBS
11/26/2024	$32.00 → $42.00	Neutral → Buy	DA Davidson
10/31/2024	$32.00 → $30.00	Equal Weight → Underweight	Barclays
10/1/2024	$30.00 → $28.00	Equal Weight → Underweight	Wells Fargo
3/8/2024	$28.00	Equal Weight	Barclays

More analyst ratings

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)

2. Transaction Date (Month/Day/Year)

2A. Deemed Execution Date, if any (Month/Day/Year)

3. Transaction Code (Instr. 8)

4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)

6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

7. Nature of Indirect Beneficial Ownership (Instr. 4)

Amount

(A) or (D)

Price

Common Stock

2,531,970⁽¹⁾

See footnotes⁽¹⁾⁽²⁾⁽³⁾

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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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 (Month/Day/Year)

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: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Recent Analyst Ratings for

$FIBK

Date	Price Target	Rating	Analyst
2/5/2026		Overweight → Equal-Weight	Stephens
7/8/2025	$32.00	Underweight → Equal Weight	Barclays
6/23/2025	$32.00	Outperform	Keefe Bruyette
12/17/2024		Neutral	UBS
11/26/2024	$32.00 → $42.00	Neutral → Buy	DA Davidson
10/31/2024	$32.00 → $30.00	Equal Weight → Underweight	Barclays
10/1/2024	$30.00 → $28.00	Equal Weight → Underweight	Wells Fargo
3/8/2024	$28.00	Equal Weight	Barclays

More analyst ratings

SEC Form 5 filed by Scott James R

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$FIBK

SEC Form 5 filed by Scott James R

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$FIBK

$FIBK
Insider Trading