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First Busey (NASDAQ: BUSE) director’s 10b5-1 sale covers 750 shares

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

First Busey Corp director Michael David Cassens reported an open-market sale of 750 shares of Common Stock on April 15, 2026 at $26.75 per share. The sale was made under a Rule 10b5-1 trading plan adopted on August 15, 2025, indicating it was pre-scheduled. After this transaction, he directly holds 140,888 shares of First Busey common stock.

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Insider Cassens Michael David
Role Director
Sold 750 shs ($20K)
Type Security Shares Price Value
Sale Common Stock 750 $26.75 $20K
Holdings After Transaction: Common Stock — 140,888 shares (Direct)
Footnotes (1)
  1. [object Object]
Shares sold 750 shares Open-market sale of Common Stock on April 15, 2026
Sale price per share $26.75 per share Price for the 750-share open-market sale
Shares held after transaction 140,888 shares Direct ownership after the April 15, 2026 sale
Rule 10b5-1 plan adoption date August 15, 2025 Trading plan governing the reported stock sale
Net buy/sell shares -750 shares Net effect of reported transactions in this Form 4
Rule 10b5-1 trading plan regulatory
"The stock sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action: "open-market sale" for the 750-share transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title: "Common Stock" in the non-derivative transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"The stock sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
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*
Cassens Michael David

(Last)(First)(Middle)
11440 TOMAHAWK CREEK PARKWAY

(Street)
LEAWOOD KANSAS 66211

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
FIRST BUSEY CORP /NV/ [ BUSE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/15/2026S(1)750D$26.75140,888D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The stock sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on August 15, 2025.
Remarks:
/s/ Carolyn Slattery, attorney-in-fact04/16/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did First Busey (BUSE) director Michael Cassens report?

Michael David Cassens reported an open-market sale of 750 shares of First Busey Common Stock. The shares were sold at $26.75 each, and the transaction reflects a small portion of his holdings, leaving him with 140,888 shares directly owned after the sale.

At what price did the First Busey (BUSE) director sell his shares?

The director sold 750 shares of First Busey Common Stock at $26.75 per share. This per-share price comes directly from the Form 4 disclosure, which details both the number of shares sold and the exact transaction price for the reported trade.

How many First Busey (BUSE) shares does the director hold after this Form 4 sale?

Following the reported sale, Michael David Cassens directly holds 140,888 shares of First Busey Common Stock. This post-transaction balance is disclosed in the Form 4 and shows that the 750-share sale represents a relatively small change to his total position.

Was the First Busey (BUSE) insider sale made under a Rule 10b5-1 plan?

Yes. A footnote states the stock sale was effected pursuant to a Rule 10b5-1 trading plan adopted on August 15, 2025. Such plans are pre-arranged trading programs, indicating the timing of the sale was scheduled in advance rather than decided spontaneously.

What type of security was involved in the First Busey (BUSE) Form 4 transaction?

The transaction involved First Busey’s Common Stock. The Form 4 specifies this as a non-derivative security, meaning it is ordinary equity rather than options or other derivatives, and the trade was coded as an open-market sale identified by transaction code “S.”