First Mid Bancshares Insider Adds Shares via Deferred Comp Plan

Rhea-AI Filing Summary

First Mid Bancshares, Inc. (FMBH) – Form 4 filing dated 07/03/2025

Director Robert S. Cook reported acquiring 346.5565 shares of FMBH common stock on 07/02/2025 at an average price of $38.97 per share. The purchase was executed automatically through the company’s Deferred Compensation Plan, as noted in the explanatory footnote. Following the transaction, Cook’s beneficial ownership stands at:

• 5,686.6094 shares held indirectly via the deferred-comp account
• 17,022 shares held directly
• Additional indirect holdings: 11,980 (custodian for children), 6,106 (IRA), 13,814 (LLC), 244 (spouse)

The reported acquisition, valued at roughly $13.5 thousand, is modest relative to both Cook’s existing 50k-plus share position and the company’s overall share count. No derivative transactions were reported, and no Form 4 amendments were noted. Because the shares were purchased rather than sold, the filing conveys incremental insider confidence; however, the small size suggests limited market impact.

Positive

• Director insider purchase—even small buys can indicate confidence and align management with shareholder interests.

Negative

• None.

Insights

Equity Analyst

TL;DR: Small insider buy via deferred comp; signal mildly positive but immaterial to valuation.

The purchase of 346 shares (~$14k) lifts Cook’s indirect stake by 6%. Insider buying—especially from directors—can be a constructive signal, yet the dollar amount is negligible relative to First Mid Bancshares’ market capitalization. The transaction is executed under a pre-planned program, reducing informational value. No red flags appear, and overall corporate governance remains unchanged. I classify the impact as neutral-to-slightly-positive.

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^*

Cook Robert 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)

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

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		346.5565(1)	A	$38.97	5,686.6094	I	by Deferred Comp
Common Stock								17,022	D
Common Stock								11,980	I	As Custodian for Children
Common Stock								0	I	by 401k
Common Stock								6,106	I	by IRA
Common Stock								13,814	I(2)	By LLC
Common Stock								244	I	By Spouse

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

2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.

	/s/ Matthew K. Smith, attorney-in-fact for Mr. Cook	07/03/2025
	** 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 FMBH shares did Director Robert S. Cook purchase?

He acquired 346.5565 shares on 07/02/2025.

At what price were the FMBH shares bought?

The average purchase price was $38.97 per share.

What is Robert S. Cook’s total beneficial ownership after the transaction?

Following the trade, he beneficially owns approximately 54,853 shares across various accounts.

Was the transaction part of a 10b5-1 trading plan?

Yes, the filing indicates it was executed under the company’s Deferred Compensation Plan, a pre-arranged program.

Are there any derivative securities involved in this Form 4?

No derivative securities were acquired or disposed of in this filing.