Schultz Robert F. - Jun 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: Jun 30, 2025
Transactions value $: $79,102
Form type: 4
Date filed: 7/1/2025, 12:27 PM
Previous filing: Apr 1, 2025
Next filing: Oct 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	2025-07-01	0001526325

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSBI	Common Stock	Award	$45K	+2.6K	+8.09%	$17.32	34.7K	Jun 30, 2025	Direct	F1, F2
holding	MSBI	Common Stock						30.2K	Jun 30, 2025	Red Bird Investors, LLC	F3
holding	MSBI	Common Stock						37.8K	Jun 30, 2025	Summit Investors, LLP	F3
holding	MSBI	Common stock						200K	Jun 30, 2025	J.M. Schultz Investment, LLC	F3

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	$33.9K	+1.9K	+1.89%	$17.88	102K	Jun 30, 2025	Common Stock	1.9K		Direct	F4, F5
transaction	MSBI	Common Share Equivalent	Award	$170	+9.82	+0.01%	$17.32	102K	Jun 30, 2025	Common Stock	9.82		Direct	F4, F6
holding	MSBI	Restricted Stock Unit						9.15K	Jun 30, 2025	Common Stock	9.15K		Direct	F4

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

Explanation of Responses:

Id	Content
F1	Annual Director Stock Award with immediate vesting schedule.
F2	Includes holdings through a self-directed IRA or revocable grantor trust
F3	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
F4	Each common stock equivalent is the economic equivalent of one share of common stock.
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.
F6	Represents common share equivalents held pursuant to Directors Deferred Compensation Plan as of the date of this form. Each common share equivalent is the economic equivalent of one share of common stock. Common stock equivalents become payable upon the reporting persons termination of service as a director.