First Busey (BUSE) CAO boosts stake with common and Series B Depositary Shares

Rhea-AI Filing Summary

First Busey Corporation’s Chief Accounting Officer, Phillips Scott A., reported several share acquisitions. On 10/31/2025, he acquired 55.9663 common shares at $22.3596 each through dividend reinvestment in the Employee Stock Purchase Plan, bringing his common stock to 15,900.4997 shares. On 01/30/2026, 85 dividend equivalent rights tied to Restricted Stock Units were credited, economically equal to the same number of common shares, raising his common holdings to 15,985.4997 shares. On 02/02/2026, he acquired 1,000 Depositary Shares, each representing a 1/40 interest in Series B preferred stock, at $26.15 per Depositary Share, increasing his Depositary Share position to 3,350.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Phillips Scott A.

(Last) (First) (Middle)

11440 TOMAHAWK CREEK PARKWAY

(Street)

LEAWOOD KS 66211

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST BUSEY CORP /NV/ [ BUSE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/31/2025		A	V	55.9663(1)	A	$22.3596	15,900.4997	D
Common Stock	01/30/2026		A		85(2)	A	$0	15,985.4997	D
Depositary Shares, 1/40 interest in Series B Preferred Stock(3)	02/02/2026		A		1,000	A	$26.15	3,350	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares were acquired through dividend reinvestment in the First Busey Corporation Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).

2. Represents dividend equivalent rights accrued on Restricted Stock Units in connection with the payment of a cash dividend on First Busey Corporation Common Stock. Each dividend equivalent right is the economic equivalent of one share of First Busey Corporation Common Stock.

3. Each Depositary Share represents a 1/40th interest in a share of the issuer's 8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B, par value $0.01 per share.

Remarks:

	/s/ Carolyn Slattery, attorney-in-fact	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did BUSE’s Chief Accounting Officer report?

The Chief Accounting Officer reported acquiring common stock via dividend reinvestment and dividend equivalents, plus 1,000 Depositary Shares representing interests in Series B preferred stock. These transactions increased his beneficial holdings in both common and preferred-linked securities.

How many First Busey (BUSE) common shares does the insider now beneficially own?

After the reported transactions, the insider beneficially owns 15,985.4997 First Busey common shares. This reflects dividend reinvestment purchases and dividend equivalent rights credited on Restricted Stock Units following a cash dividend on the company’s common stock.

What was the price and size of the BUSE Depositary Share purchase?

The insider acquired 1,000 Depositary Shares at $26.15 per share. Each Depositary Share represents a 1/40 interest in First Busey’s 8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B, increasing his Depositary Share holdings to 3,350.

How were some of the BUSE common shares acquired in this Form 4?

Some common shares were acquired through dividend reinvestment in the First Busey Corporation Employee Stock Purchase Plan. These transactions were exempt under Rule 16b-3(c) and Rule 16b-3(d), meaning they occurred within a company benefit plan framework.

What are dividend equivalent rights mentioned in the BUSE Form 4?

Dividend equivalent rights are credits tied to Restricted Stock Units that mirror cash dividends on common stock. Each right in this filing is the economic equivalent of one First Busey common share, increasing the insider’s beneficial common stock position when dividends are paid.

What does each BUSE Series B Depositary Share represent?

Each Depositary Share represents a 1/40 interest in a share of First Busey’s 8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B. This structure allows investors and insiders to hold fractional economic interests in preferred shares through Depositary Shares.