Smith Jeffrey C. - 30 Jun 2025 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role: Director
Signature: /s/Smith Jeffrey C
Issuer symbol: MSBI
Transactions as of: 30 Jun 2025
Transactions value $: $57,306
Form type: 4
Filing time: 01 Jul 2025, 12:26:05 UTC
Previous filing: 01 Apr 2025
Next filing: 01 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Smith Jeffrey C.	Director	1201 NETWORK CENTRE DR., EFFINGHAM	/s/Smith Jeffrey C	01 Jul 2025	0001526326

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MSBI	Common Stock						33,609	30 Jun 2025	Direct

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	Restricted Stock Unit	Award	$52,125	+3,010	+30%	$17.32	13,126	30 Jun 2025	Common Stock	3,009		Direct	F1, F2
transaction	MSBI	Common Share Equivalent	Award	$5,181	+290	+4.4%	$17.88	6,886	30 Jun 2025	Common Stock	289		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each common stock equivalent is the economic equivalent of one share of common stock.
F2	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.
F3	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.