Schultz Robert F. - Sep 30, 2025 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
Director
Signature
/s/Schultz Robert F
Stock symbol
MSBI
Transactions as of
Sep 30, 2025
Transactions value $
$35,810
Form type
4
Date filed
10/1/2025, 08:36 PM
Previous filing
Jul 1, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Schultz Robert F. Director 1201 NETWORK CENTRE DR., EFFINGHAM /s/Schultz Robert F 2025-10-01 0001526325

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MSBI Common Stock 34.7K Sep 30, 2025 Direct F1
holding MSBI Common Stock 30.2K Sep 30, 2025 Red Bird Investors, LLC F2
holding MSBI Common Stock 37.8K Sep 30, 2025 Summit Investors, LLP F2
holding MSBI Common stock 200K Sep 30, 2025 J.M. Schultz Investment, LLC F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MSBI Common Share Equivalent Award $170 +9.92 +0.01% $17.14 102K Sep 30, 2025 Common Stock 9.92 Direct F3, F4
transaction MSBI Common Share Equivalent Award $35.6K +2.05K +2.01% $17.35 104K Sep 30, 2025 Common Stock 2.05K Direct F3, F5
holding MSBI Restricted Stock Unit 9.15K Sep 30, 2025 Common Stock 9.15K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes holdings through a self-directed IRA or revocable grantor trust
F2 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
F3 Each common stock equivalent is the economic equivalent of one share of common stock.
F4 Represents restricted stock units acquired by the reporting person under the 2019 Long-term incentive plan and deferred under the DDCP as of the date of this form. Each restricted stock unit is the contingent right to receive one share of Issuer common stock. Vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder.
F5 Represents common share equivalents acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends received during the quarter on common share equivalents held in the DDCP by the reporting person at the time such dividend was paid on the underlying shares. Common share equivalents received for dividend reinvestments fully vested on the transaction date listed above and become payable upon termination of service as a director.