[Form 4] First Mid Bancshares, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Vuzix Corporation (VUZI) – Form 4 insider transaction

Director Edward William Kay Jr. filed a Form 4 reporting the acquisition of 31,746 shares of common stock on 1 July 2025. The transaction code “A” denotes an acquisition and is identified as a stock award that will vest on the one-year anniversary of the grant date. The shares were granted at a stated price of $0, implying no cash outlay by the director.

After the award, Kay’s direct beneficial ownership stands at 309,511 shares. No derivative securities or share dispositions were disclosed in the filing.

• Insider role: Director
• Ownership form: Direct
• Earliest transaction date: 01 Jul 2025
• Form signed: 03 Jul 2025

The filing reflects routine equity compensation rather than an open-market purchase, but it modestly increases insider equity alignment with other shareholders.

Insights

Securities Analyst

TL;DR – Director awarded 31,746 shares; holding rises to 309,511; signal mildly positive but routine compensation.

The stock award adds roughly 11% to Edward Kay Jr.’s existing stake, bringing total direct ownership to 309,511 shares. Because the grant price is $0 and vesting occurs in twelve months, there is no immediate cash cost to the insider and no open-market demand effect. Nonetheless, the larger equity exposure marginally improves management-shareholder alignment. From a trading perspective, the event is low-impact given its compensatory nature and lack of market purchase.

Corporate Governance Expert

TL;DR – Routine equity grant; enhances alignment, but deferred vesting limits near-term ownership impact.

Annual equity awards are standard for Vuzix directors and typically vest after one year, encouraging longer-term oversight. The absence of derivative positions or dispositions suggests a straightforward grant without complex hedging. Because the shares remain unvested until July 2026, governance benefits materialize over time. I view the filing as neutral-to-slightly positive for shareholder interests but not materially impactful to valuation.

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^*

McRae Eric S

(Last) (First) (Middle)

1421 CHARLESTON AVE

(Street)

MATTOON IL 61938

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST MID BANCSHARES, INC. [ FMBH ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Lending Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2025

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	07/02/2025		A		105.9295(1)	A	$38.966	7,871.4761	I	By Deferred Compensation Plan
Common Stock								31,623.2766	D
Common Stock								4,473.7565	I	By 401k Plan
Common Stock								2,601.7223	I	By Ira

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
Series B 9% Non-cumulative Perpetual Convertible Preferred	(2)							(2)	(2)	Common Stock	0		0	D
Series B 9% Non-cumulative Perpetual Convertible Preferred	(2)							(2)	(2)	Common Stock	0		0	I	By Ira
Series C 8% Non-cumulative Perpetual Convertible Preferred	(3)							(3)	(3)	Common Stock	0		0	I	By Ira
Stock Option	$20.67							(4)	12/16/2013	Common Stock	0		0	D
Stock Option	$27.33							(5)	12/14/2014	Common Stock	0		0	D
Stock Option	$26.1							(6)	12/11/2017	Common Stock	0		0	D
Stock Option	$23							(7)	12/16/2018	Common Stock	0		0	D
Stock Option	$12.11							01/01/2007	12/16/2012	Common Stock	0		0	D

Explanation of Responses:

1. The shares were acquired via the planned quarterly purchase under the Company's Deferred Compensation Plan.

2. Each share of the Series B Convertible Preferred Stock (i) is convertible at any time into 231.267 shares of common stock and cash in lieu of any fractional share of common stock, subject to certain adjustments, (ii) is convertible at First Mid-Illinois Bancshares' option under certain circumstances, and (iii) has no expiration date.

3. Each share of Series C Convertible Preferred Stock (i) is convertible at any time into 246.427 shares of common stock and cash in lieu of any fractional share of common stock, subject to certain adjustments, (ii) is convertible at First Mid-Illinois Bancshares' option under certain circumstances, (iii) has no expiration date.

4. Options become exercisable in four equal annual installments beginning 1/1/2005.

5. Options become exercisable in four equal annual installments beginning 1/1/2006

6. Options become exercisable in four equal annual installments beginning 1/1/2009

7. Options become exercisable in 4 equal annual installments beginning on 01/01/2010.

	/s/ Matthew K. Smith, attorney-in-fact for Mr. McRae	07/03/2025
	** Signature of Reporting Person	Date
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