Lemke Eric - 05 Nov 2023 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role: Chief Financial Officer
Signature: /s/Lemke Eric
Issuer symbol: MSBI
Transactions as of: 05 Nov 2023
Transactions value $: $195,186
Form type: 4
Filing time: 06 Nov 2023, 16:06:06 UTC
Previous filing: 02 Nov 2023
Next filing: 08 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSBI	Common Stock	Tax liability	-$7,289	-315	-2.1%	$23.14	14,517	05 Nov 2023	Direct
transaction	MSBI	Common Stock	Award	$202,475	+8,750	+60%	$23.14	23,267	06 Nov 2023	Direct	F1

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)						19,173	05 Nov 2023	Common Stock	19,173	$28.43	Direct	F2

* 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	These options vest in four equal annual installments beginning one year after the 10/31/2022 date of grant.