Trust changes shift 116,364 First Busey (BUSE) shares to director, spouse, trust

Rhea-AI Filing Summary

FIRST BUSEY CORP director Frederic L. Kenney reported trust-related share transfers, not open-market trades. On March 6, 2026, three code J "other" transactions in Common Stock reflected the termination and distribution of a Family Trust following the death of its income beneficiary.

According to the disclosures, shares were acquired by Mr. Kenney directly, by his wife, and by a Testamentary Trust for Geoffrey S. Dickes. After these changes, Mr. Kenney held 71,269 shares directly and 55,137 shares indirectly through his spouse, with a further 38,788 shares held by the Testamentary Trust.

The reporting person serves as co-trustee of the Testamentary Trust and is not a beneficiary, and he disclaims beneficial ownership of those Testamentary Trust shares except to the extent of any pecuniary interest.

Insights

Insider transactions analyst

Kenney reports trust-driven restructuring of 116,364 First Busey shares with no market trades.

The filing shows three code J transactions in First Busey Common Stock on March 6, 2026, all tied to the termination of a Family Trust after the income beneficiary’s death. A total of 116,364 shares were reallocated among the director, his spouse, and a Testamentary Trust.

No price was paid for these transfers, indicating an internal estate and trust redistribution rather than open-market buying or selling. Kenney now holds 71,269 shares directly and 55,137 indirectly via his spouse, while 38,788 shares sit in the Testamentary Trust where he is co-trustee but not a beneficiary.

The Testamentary Trust holdings are explicitly disclaimed for beneficial ownership except for any pecuniary interest, limiting their economic relevance for him. Overall, this appears to be a routine estate-planning event with neutral investment signal, rather than a directional bet on the stock.

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^*

KENNEY FREDERIC L

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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	03/06/2026		J		38,788(1)	A	$0	71,269	D
Common Stock	03/06/2026		J		38,788(2)	A	$0	55,137	I	Spouse
Common Stock	03/06/2026		J		38,788(3)	A	$0	38,788	I	Testamentary Trust f/b/o Geoffrey S. Dickes(4)

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 by the reporting person upon the termination and distribution of a trust (the "Family Trust") due to the death of the income beneficiary, in accordance with the terms of the Family Trust.

2. Shares were acquired by the reporting person's wife upon the termination and distribution of the Family Trust due to the death of the income beneficiary, in accordance with the terms of the Family Trust.

3. Shares were acquired by the Testamentary Trust f/b/o Geoffrey S. Dickes (the "Testamentary Trust"), of which the reporting person is a co-trustee as set forth in footnote 4 below, upon the termination and distribution of the Family Trust due to the death of the income beneficiary, in accordance with the terms of the Family Trust.

4. The reporting person serves as a co-trustee of the Testamentary Trust. The reporting person is not a beneficiary of the Testamentary Trust and disclaims beneficial ownership of the securities held by the Testamentary Trust except to the extent of any pecuniary interest therein, if any.

Remarks:

	/s/ Carolyn Slattery, attorney-in-fact	03/10/2026
	** 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 transaction did First Busey (BUSE) director Frederic L. Kenney report?

Director Frederic L. Kenney reported three code J "other" transactions in First Busey Common Stock on March 6, 2026. These moved 116,364 shares due to the termination and distribution of a Family Trust after the death of its income beneficiary.

Were the First Busey (BUSE) Form 4 transactions open-market buys or sells?

The Form 4 shows no open-market buys or sells. All three entries use code J for "other" transactions, reflecting trust distributions at a reported price of $0.00 per share, rather than discretionary purchases or sales in the market.

How many First Busey (BUSE) shares does Frederic L. Kenney hold after the restructuring?

After the restructuring, Kenney holds 71,269 First Busey shares directly and 55,137 shares indirectly through his spouse. An additional 38,788 shares are held by a Testamentary Trust where he serves as co-trustee but is not a beneficiary.

What is the role of the Testamentary Trust in this First Busey (BUSE) Form 4?

The Testamentary Trust for Geoffrey S. Dickes received 38,788 First Busey shares from the terminated Family Trust. Kenney is a co-trustee but not a beneficiary and disclaims beneficial ownership, except for any pecuniary interest he may have in those securities.

Did the First Busey (BUSE) Form 4 indicate any cash consideration for the share transfers?

No cash consideration is indicated. Each of the three transactions reports a price per share of $0.00, consistent with non-market distributions arising from the termination of the Family Trust rather than purchases or sales for cash.

Why were the First Busey (BUSE) shares redistributed in this Form 4 filing?

The shares were redistributed because a Family Trust terminated following the death of its income beneficiary. Under the trust’s terms, First Busey shares were distributed to Kenney, his wife, and the Testamentary Trust, which is why code J "other" transactions were reported.