Ramos Richard T - 30 Jun 2025 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role: Director
Signature: /s/Ramos Richard T
Issuer symbol: MSBI
Transactions as of: 30 Jun 2025
Net transactions value: +$59,850
Form type: 4
Filing time: 01 Jul 2025, 12:40:20 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
Ramos Richard T	Director	1201 NETWORK CENTRE DR., EFFINGHAM	/s/Ramos Richard T	01 Jul 2025	0001671608

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSBI	Common Stock	Award	$44,997	+2,598	+15%	$17.32	20,103	30 Jun 2025	Direct	F1, F2
holding	MSBI	Common Stock						500	30 Jun 2025	By Daughter	F3
holding	MSBI	Common Stock						500	30 Jun 2025	By Son	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	$14,853	+831	+1.9%	$17.88	43,753	30 Jun 2025	Common Stock	831		Direct	F4, F5
holding	MSBI	Restricted Stock Unit						4,990	30 Jun 2025	Common Stock	4,990		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	Jointly owned with spouse.
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.