Ludwig Jeffrey G. - 03 Nov 2025 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
President & CEO, Director
Signature
/s/Ludwig Jeffrey G
Issuer symbol
MSBI
Transactions as of
03 Nov 2025
Net transactions value
+$562,322
Form type
4
Filing time
04 Nov 2025, 09:37:12 UTC
Previous filing
01 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ludwig Jeffrey G. President & CEO, Director 1201 NETWORK CENTRE DR., EFFINGHAM /s/Ludwig Jeffrey G 03 Nov 2025 0001526235

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSBI Common Stock Award $562,322 +38,410 +11% $14.64 399,659 03 Nov 2025 Direct F1
holding MSBI Common Stock 11,569 03 Nov 2025 JQ Properties 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
holding MSBI Option (right to buy) 16,800 03 Nov 2025 Common Stock 16,800 $23.00 Direct F3
holding MSBI Option (right to buy) 8,383 03 Nov 2025 Common Stock 8,383 $28.59 Direct F4
holding MSBI Option (right to buy) 52,291 03 Nov 2025 Common Stock 52,291 $28.43 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSA with 4yr - 25% vesting schedule
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 These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant.
F4 These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.
F5 These options vest in four equal annual installments beginning one year after the 10/31/2022 date of grant.