First Busey (BUSE) officer reports ESPP and depositary-share purchases

Rhea-AI Filing Summary

First Busey Corporation (BUSE) insider activity: Scott A. Phillips, Chief Accounting Officer and Interim CFO, reported two recent purchases. On 07/28/2025 he acquired 53.381 shares of common stock under the company Employee Stock Purchase Plan at a reported price of $23.1925 per share, for a total holding of 5,005.5334 shares after the transaction. On 08/19/2025 he purchased 1,000 depositary shares (each representing 1/40th of a Series B preferred share) at $25.25 each, leaving 1,000 depositary shares beneficially owned. The ESPP purchases were exempt under Rule 16b-3(c) and (d).

Insights

Securities Analyst

TL;DR: Insider made modest purchases via ESPP and bought depositary shares; transactions are routine and not materially market-moving.

The reported purchases include a small ESPP acquisition of 53.381 common shares and 1,000 depositary shares tied to Series B preferred stock. The ESPP transaction is explicitly described as exempt under Rule 16b-3(c) and (d), indicating routine employee-plan activity. Absolute sizes are limited relative to typical market caps and no dispositions or option exercises are reported, so immediate valuation impact appears minimal based on the filing alone.

Corporate Governance Expert

TL;DR: Transactions reflect standard insider participation in employee purchase plan and a direct preferred-equivalent purchase; governance risk is unchanged.

The filing shows purchases by an officer executed through an ESPP and a direct acquisition of depositary shares. Signatures include an attorney-in-fact filing the Form 4. There are no departures, new grants, or related-party transactions disclosed here that would raise governance concerns. The nature and exemptions cited point to compliance with Section 16 reporting rules.

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

OMB Number:			3235-0287
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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)
	CAO and Interim CFO

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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
Depositary Shares, 1/40 interest in Series B Preferred Stock(1)	08/19/2025		P		1,000	A	$25.25	1,000	D
Common Stock	07/28/2025		A	V	53.381(2)	A	$23.1925	5,005.5334	D
Common Stock								10,894	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. Each Depositary Share represents 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.

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

Remarks:

	/s/ Catherine Alqallaf, attorney-in-fact	08/21/2025
	** 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 Scott A. Phillips report on Form 4 for BUSE?

He reported buying 53.381 common shares on 07/28/2025 under the ESPP at $23.1925 per share and 1,000 depositary shares on 08/19/2025 at $25.25 each.

Were the ESPP purchases by the BUSE officer exempt from Section 16b?

Yes. The filing states the ESPP transactions were exempt under Rule 16b-3(c) and Rule 16b-3(d).

How many shares does Scott A. Phillips beneficially own after these transactions?

The filing reports 5,005.5334 common shares beneficially owned and 1,000 depositary shares following the reported transactions.

What do the depositary shares represent in this filing?

Each depositary share represents 1/40th interest in a share of the issuer's 8.25% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B.

Who signed the Form 4 on behalf of the reporting person?

The form was signed by /s/ Catherine Alqallaf, attorney-in-fact on 08/21/2025.