First Busey (BUSE) Form 4 shows tax sale at $24, ESPP buy at $18.33

Rhea-AI Filing Summary

First Busey Corporation (BUSE) – Form 4 insider activity: Chief Credit Officer Chip S. Jorstad reported two transactions covering the June 30-July 7, 2025 period.

• 06/30/2025 – Code A: Purchased 366.9039 common shares through the Employee Stock Purchase Plan (Rule 16b-3 exempt) at an average price of $18.3345.
• 07/07/2025 – Code F: Disposed of 7,946 shares at $24.00 to satisfy withholding taxes on vested Restricted Stock Units.

After these moves Jorstad directly owns 58,228 shares.
Net share change for the reporting period is a decrease of roughly 7,579 shares (-11.5% of his pre-transaction position).

Because the larger transaction is coded “F,” it represents automatic tax withholding rather than an open-market sale, limiting bearish interpretation. The modest ESPP purchase shows continued participation in the company plan but is too small to offset the withholding reduction.

Positive

• Officer retains 58,228 shares, maintaining substantial insider ownership and alignment with investors.
• Participated in ESPP purchase at $18.33, signalling confidence at a price well below the $24 tax-withholding valuation.

Negative

• Net decrease of ~7,579 shares (-11.5% of holdings) could be viewed as insider selling, even though transaction is tax-driven.
• Lack of open-market buying above the current share price may limit bullish interpretation.

Insights

Financial Analyst

TL;DR: Net 7.6k-share reduction, but tax-related; limited signalling value.

The filing shows a routine ESPP buy and an RSU-related tax withholding sale. The officer still retains a sizeable 58k-share stake, suggesting ongoing alignment with shareholders. Transaction code “F” mitigates negative sentiment because it is non-discretionary, and the ESPP purchase, while small, indicates voluntary participation at a price ~24% below the tax-sale price. Overall impact on valuation or near-term trading is minimal.

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
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).

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^*

Jorstad Chip S.

(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 Credit Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/07/2025

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	06/30/2025		A	V	366.9039(1)	A	$18.3345	7,753.53	D
Common Stock	07/07/2025		F		7,946(2)	D	$24	58,228	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 purchased through the First Busey Corporation Employee Stock Purchase Plan in transactions that were exempt under Rule 16b-3(c).

2. Upon settlement of vested Restricted Stock Units, shares were withheld to satisfy the related tax obligation.

Remarks:

	/s/ Catherine Alqallaf, attorney-in-fact	07/09/2025
	** 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

How many First Busey (BUSE) shares did the officer dispose of?

Chip S. Jorstad disposed of 7,946 shares on 07/07/2025 to cover RSU-related taxes.

What price was used for the tax-withholding sale?

The shares were valued at $24.00 per share for withholding purposes.

How many shares were purchased through the ESPP?

The officer acquired 366.9039 shares at an average price of $18.3345 on 06/30/2025.

What is the insider’s current direct ownership after the transactions?

After the reported transactions, Jorstad directly owns 58,228 First Busey shares.

Which transaction codes were used in the Form 4 filing?

Code A for the ESPP purchase and code F for RSU tax-withholding were reported.