STOCK TITAN

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

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

First Mid Bancshares, Inc. (FMBH) filed a Form 4 disclosing modest insider buying by Director Zachary Horn. On 07/02/2025 Mr. Horn acquired 310.9293 common shares at $38.966 each through the company’s Deferred Compensation Plan, an automatic quarterly purchase authorized under Rule 10b5-1. The transaction is coded “A” (acquisition) and was executed under a pre-arranged plan, reducing the likelihood of opportunistic trading.

Following the purchase, Mr. Horn now indirectly owns 7,025.1207 shares in the plan and continues to hold 5,931.8859 shares directly. No derivative securities were reported. The gross value of the acquisition is approximately $12,100, representing a small increase in the director’s total economic exposure.

While insider buying can be viewed positively, the dollar amount is relatively immaterial in the context of typical trading volume and the company’s market capitalization. The filing mainly serves to update investors on the director’s ownership levels and to affirm compliance with Section 16 reporting obligations.

First Mid Bancshares, Inc. (FMBH) ha presentato un Modulo 4 che rivela un modesto acquisto di azioni da parte dell'amministratore Zachary Horn. Il 02/07/2025 il Sig. Horn ha acquisito 310,9293 azioni ordinarie al prezzo di 38,966 $ ciascuna tramite il Piano di Compensazione Differita della società, un acquisto trimestrale automatico autorizzato secondo la Regola 10b5-1. L'operazione è codificata come “A” (acquisizione) ed è stata eseguita nell'ambito di un piano predefinito, riducendo la probabilità di operazioni speculative.

Dopo l'acquisto, il Sig. Horn detiene ora indirettamente 7.025,1207 azioni nel piano e continua a possedere 5.931,8859 azioni direttamente. Non sono stati segnalati titoli derivati. Il valore lordo dell'acquisizione è di circa 12.100 $, rappresentando un piccolo aumento dell'esposizione economica totale dell'amministratore.

Pur potendo essere visto positivamente, l'acquisto da parte dell'insider ha un valore relativamente poco significativo rispetto al volume di scambi tipico e alla capitalizzazione di mercato della società. La comunicazione serve principalmente ad aggiornare gli investitori sul livello di proprietà dell'amministratore e a confermare la conformità agli obblighi di segnalazione della Sezione 16.

First Mid Bancshares, Inc. (FMBH) presentó un Formulario 4 que revela una compra modesta de acciones por parte del director Zachary Horn. El 02/07/2025, el Sr. Horn adquirió 310,9293 acciones comunes a $38,966 cada una a través del Plan de Compensación Diferida de la compañía, una compra automática trimestral autorizada bajo la Regla 10b5-1. La transacción está codificada como “A” (adquisición) y se ejecutó bajo un plan preestablecido, lo que reduce la probabilidad de operaciones oportunistas.

Tras la compra, el Sr. Horn posee ahora indirectamente 7,025.1207 acciones en el plan y continúa manteniendo 5,931.8859 acciones directamente. No se reportaron valores derivados. El valor bruto de la adquisición es aproximadamente $12,100, representando un pequeño aumento en la exposición económica total del director.

Si bien la compra por parte de un insider puede interpretarse positivamente, el monto en dólares es relativamente insignificante en el contexto del volumen típico de negociación y la capitalización de mercado de la empresa. La presentación sirve principalmente para actualizar a los inversores sobre los niveles de propiedad del director y para afirmar el cumplimiento de las obligaciones de reporte de la Sección 16.

First Mid Bancshares, Inc. (FMBH)는 이사 Zachary Horn의 소규모 내부자 주식 매입을 공개하는 Form 4를 제출했습니다. 2025년 7월 2일, Horn 씨는 회사의 이연 보상 계획을 통해 각각 $38.966310.9293 보통주를 취득했습니다. 이는 Rule 10b5-1에 따라 승인된 자동 분기별 매입입니다. 거래는 “A”(취득)로 분류되었으며, 사전에 마련된 계획 하에 실행되어 기회주의적 거래 가능성을 줄였습니다.

매입 후 Horn 씨는 계획 내에서 간접적으로 7,025.1207주를 보유하고 있으며, 5,931.8859주를 직접 보유하고 있습니다. 파생 증권은 보고되지 않았습니다. 매입의 총 가치는 약 $12,100로, 이사의 총 경제적 노출이 소폭 증가했음을 나타냅니다.

내부자 매입은 긍정적으로 볼 수 있지만, 금액은 일반적인 거래량과 회사 시가총액에 비해 상대적으로 미미합니다. 이번 제출은 주로 투자자들에게 이사의 소유 수준을 업데이트하고 섹션 16 보고 의무 준수를 확인시키기 위한 것입니다.

First Mid Bancshares, Inc. (FMBH) a déposé un formulaire 4 révélant un achat modeste d'initié par le directeur Zachary Horn. Le 02/07/2025, M. Horn a acquis 310,9293 actions ordinaires à 38,966 $ chacune via le plan de rémunération différée de la société, un achat trimestriel automatique autorisé en vertu de la règle 10b5-1. La transaction est codée « A » (acquisition) et a été exécutée dans le cadre d'un plan préétabli, réduisant ainsi la probabilité de transactions opportunistes.

Suite à cet achat, M. Horn détient désormais indirectement 7 025,1207 actions dans le plan et continue de détenir 5 931,8859 actions directement. Aucun titre dérivé n'a été déclaré. La valeur brute de l'acquisition est d'environ 12 100 $, représentant une légère augmentation de l'exposition économique totale du directeur.

Bien que l'achat d'initiés puisse être perçu positivement, le montant en dollars est relativement insignifiant dans le contexte du volume de transactions habituel et de la capitalisation boursière de la société. Le dépôt sert principalement à informer les investisseurs du niveau de détention du directeur et à affirmer la conformité aux obligations de déclaration de la Section 16.

First Mid Bancshares, Inc. (FMBH) reichte ein Formular 4 ein, das einen bescheidenen Insider-Kauf durch Direktor Zachary Horn offenlegt. Am 02.07.2025 erwarb Herr Horn 310,9293 Stammaktien zu je 38,966 $ über den Deferred Compensation Plan des Unternehmens, einen automatisch vierteljährlichen Kauf, der gemäß Regel 10b5-1 autorisiert ist. Die Transaktion ist mit „A“ (Erwerb) codiert und wurde im Rahmen eines vorab vereinbarten Plans ausgeführt, was die Wahrscheinlichkeit opportunistischer Handelsaktivitäten verringert.

Nach dem Kauf besitzt Herr Horn nun indirekt 7.025,1207 Aktien im Plan und hält weiterhin 5.931,8859 Aktien direkt. Es wurden keine Derivate gemeldet. Der Bruttowert der Erwerbung beträgt etwa 12.100 $ und stellt eine geringe Erhöhung der gesamten wirtschaftlichen Beteiligung des Direktors dar.

Obwohl Insider-Käufe positiv bewertet werden können, ist der Dollarbetrag im Kontext des üblichen Handelsvolumens und der Marktkapitalisierung des Unternehmens relativ unbedeutend. Die Meldung dient hauptsächlich dazu, Investoren über die Eigentumsverhältnisse des Direktors zu informieren und die Einhaltung der Meldepflichten gemäß Section 16 zu bestätigen.

Positive
  • Director increased indirect holdings, signalling ongoing alignment with shareholders.
  • Filed under Rule 10b5-1, demonstrating procedural compliance and transparency.
Negative
  • Transaction value is modest (~$12k), providing limited insight into insider sentiment.
  • No direct market impact expected given the very small share volume relative to float.

Insights

TL;DR: Director buys ~311 FMBH shares for ~$12k via deferred plan; signal neutral due to small size.

The acquisition increases insider ownership but by less than 0.01 % of shares outstanding, limiting market impact. Because it was executed under a Rule 10b5-1 deferred compensation schedule, the trade is less indicative of discretionary confidence. No derivatives or multiple transactions suggest straightforward reporting. Overall, the filing is routine and does not materially alter the investment thesis.

TL;DR: Timely Form 4 shows compliance; purchase size immaterial, governance posture unchanged.

The prompt filing and clear explanation reinforce FMBH’s adherence to Section 16 disclosure standards. Use of a deferred compensation mechanism aligns director incentives with shareholder value over time. However, given the limited dollar amount, the transaction does not strengthen governance signals materially. No red flags or irregularities are evident.

First Mid Bancshares, Inc. (FMBH) ha presentato un Modulo 4 che rivela un modesto acquisto di azioni da parte dell'amministratore Zachary Horn. Il 02/07/2025 il Sig. Horn ha acquisito 310,9293 azioni ordinarie al prezzo di 38,966 $ ciascuna tramite il Piano di Compensazione Differita della società, un acquisto trimestrale automatico autorizzato secondo la Regola 10b5-1. L'operazione è codificata come “A” (acquisizione) ed è stata eseguita nell'ambito di un piano predefinito, riducendo la probabilità di operazioni speculative.

Dopo l'acquisto, il Sig. Horn detiene ora indirettamente 7.025,1207 azioni nel piano e continua a possedere 5.931,8859 azioni direttamente. Non sono stati segnalati titoli derivati. Il valore lordo dell'acquisizione è di circa 12.100 $, rappresentando un piccolo aumento dell'esposizione economica totale dell'amministratore.

Pur potendo essere visto positivamente, l'acquisto da parte dell'insider ha un valore relativamente poco significativo rispetto al volume di scambi tipico e alla capitalizzazione di mercato della società. La comunicazione serve principalmente ad aggiornare gli investitori sul livello di proprietà dell'amministratore e a confermare la conformità agli obblighi di segnalazione della Sezione 16.

First Mid Bancshares, Inc. (FMBH) presentó un Formulario 4 que revela una compra modesta de acciones por parte del director Zachary Horn. El 02/07/2025, el Sr. Horn adquirió 310,9293 acciones comunes a $38,966 cada una a través del Plan de Compensación Diferida de la compañía, una compra automática trimestral autorizada bajo la Regla 10b5-1. La transacción está codificada como “A” (adquisición) y se ejecutó bajo un plan preestablecido, lo que reduce la probabilidad de operaciones oportunistas.

Tras la compra, el Sr. Horn posee ahora indirectamente 7,025.1207 acciones en el plan y continúa manteniendo 5,931.8859 acciones directamente. No se reportaron valores derivados. El valor bruto de la adquisición es aproximadamente $12,100, representando un pequeño aumento en la exposición económica total del director.

Si bien la compra por parte de un insider puede interpretarse positivamente, el monto en dólares es relativamente insignificante en el contexto del volumen típico de negociación y la capitalización de mercado de la empresa. La presentación sirve principalmente para actualizar a los inversores sobre los niveles de propiedad del director y para afirmar el cumplimiento de las obligaciones de reporte de la Sección 16.

First Mid Bancshares, Inc. (FMBH)는 이사 Zachary Horn의 소규모 내부자 주식 매입을 공개하는 Form 4를 제출했습니다. 2025년 7월 2일, Horn 씨는 회사의 이연 보상 계획을 통해 각각 $38.966310.9293 보통주를 취득했습니다. 이는 Rule 10b5-1에 따라 승인된 자동 분기별 매입입니다. 거래는 “A”(취득)로 분류되었으며, 사전에 마련된 계획 하에 실행되어 기회주의적 거래 가능성을 줄였습니다.

매입 후 Horn 씨는 계획 내에서 간접적으로 7,025.1207주를 보유하고 있으며, 5,931.8859주를 직접 보유하고 있습니다. 파생 증권은 보고되지 않았습니다. 매입의 총 가치는 약 $12,100로, 이사의 총 경제적 노출이 소폭 증가했음을 나타냅니다.

내부자 매입은 긍정적으로 볼 수 있지만, 금액은 일반적인 거래량과 회사 시가총액에 비해 상대적으로 미미합니다. 이번 제출은 주로 투자자들에게 이사의 소유 수준을 업데이트하고 섹션 16 보고 의무 준수를 확인시키기 위한 것입니다.

First Mid Bancshares, Inc. (FMBH) a déposé un formulaire 4 révélant un achat modeste d'initié par le directeur Zachary Horn. Le 02/07/2025, M. Horn a acquis 310,9293 actions ordinaires à 38,966 $ chacune via le plan de rémunération différée de la société, un achat trimestriel automatique autorisé en vertu de la règle 10b5-1. La transaction est codée « A » (acquisition) et a été exécutée dans le cadre d'un plan préétabli, réduisant ainsi la probabilité de transactions opportunistes.

Suite à cet achat, M. Horn détient désormais indirectement 7 025,1207 actions dans le plan et continue de détenir 5 931,8859 actions directement. Aucun titre dérivé n'a été déclaré. La valeur brute de l'acquisition est d'environ 12 100 $, représentant une légère augmentation de l'exposition économique totale du directeur.

Bien que l'achat d'initiés puisse être perçu positivement, le montant en dollars est relativement insignifiant dans le contexte du volume de transactions habituel et de la capitalisation boursière de la société. Le dépôt sert principalement à informer les investisseurs du niveau de détention du directeur et à affirmer la conformité aux obligations de déclaration de la Section 16.

First Mid Bancshares, Inc. (FMBH) reichte ein Formular 4 ein, das einen bescheidenen Insider-Kauf durch Direktor Zachary Horn offenlegt. Am 02.07.2025 erwarb Herr Horn 310,9293 Stammaktien zu je 38,966 $ über den Deferred Compensation Plan des Unternehmens, einen automatisch vierteljährlichen Kauf, der gemäß Regel 10b5-1 autorisiert ist. Die Transaktion ist mit „A“ (Erwerb) codiert und wurde im Rahmen eines vorab vereinbarten Plans ausgeführt, was die Wahrscheinlichkeit opportunistischer Handelsaktivitäten verringert.

Nach dem Kauf besitzt Herr Horn nun indirekt 7.025,1207 Aktien im Plan und hält weiterhin 5.931,8859 Aktien direkt. Es wurden keine Derivate gemeldet. Der Bruttowert der Erwerbung beträgt etwa 12.100 $ und stellt eine geringe Erhöhung der gesamten wirtschaftlichen Beteiligung des Direktors dar.

Obwohl Insider-Käufe positiv bewertet werden können, ist der Dollarbetrag im Kontext des üblichen Handelsvolumens und der Marktkapitalisierung des Unternehmens relativ unbedeutend. Die Meldung dient hauptsächlich dazu, Investoren über die Eigentumsverhältnisse des Direktors zu informieren und die Einhaltung der Meldepflichten gemäß Section 16 zu bestätigen.

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*
Horn Zachary

(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 310.9293(1) A $38.966 7,025.1207 I by Deferred Compensation Plan
Common Stock 5,931.8859 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. The shares were acquired via the planned quarterly purchase under the Company's Deferred Compensation Plan.
/s/ Matthew K. Smith, attorney-in-fact for Mr. Horn 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 Zachary Horn purchase?

He acquired 310.9293 shares on 07/02/2025.

At what price were the shares bought?

The reported purchase price was $38.966 per share.

What is Mr. Horn’s total indirect ownership after the transaction?

His indirect holdings now total 7,025.1207 shares through the Deferred Compensation Plan.

Was the trade part of a Rule 10b5-1 plan?

Yes. The Form 4 notes the acquisition occurred under the company’s Deferred Compensation Plan, satisfying Rule 10b5-1 conditions.

Did the filing report any derivative securities?

No derivative securities transactions were disclosed in Table II.
First Mid Bancshares Inc.

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