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

Rhea-AI Filing Summary

Form 4 filing – First Mid Bancshares, Inc. (FMBH)

Director James Kyle McCurry reported one transaction dated 07/02/2025:

• 323.8847 shares of common stock acquired at an average price of $38.966 per share through the Company’s Deferred Compensation Plan (Rule 10b5-1 quarterly purchase).
• Post-transaction indirect holdings in the plan total 3,993.6913 shares.
• Separate from the plan, Mr. McCurry also shows 5,482.5668 shares held directly; no change was reported for this block.

No derivative securities were involved and no sales were disclosed.

The purchase value is approximately $12.6 thousand (323.8847 × $38.966). Given First Mid Bancshares’ share count, the transaction is immaterial to the company’s capital structure but may be of interest as an indicator of insider alignment.

Positive

• Director acquired 323.8847 shares, increasing indirect ownership to 3,993.6913 shares.
• Purchase executed under Rule 10b5-1 deferred compensation plan, demonstrating adherence to governance best practices.

Negative

• None.

Insights

Financial Analyst

TL;DR: Small insider buy via deferred plan, immaterial to FMBH’s valuation; sentiment modestly positive.

The filing shows a routine quarterly purchase of 324 shares (~$13k) under the deferred compensation plan at $38.97. Post-trade indirect holdings are just under 4k shares, while direct holdings remain at 5.5k. The Rule 10b5-1 context signals this was pre-scheduled, limiting discretionary insight. From a valuation perspective, the size is negligible and does not affect float or earnings per share. Nevertheless, continued accumulation by a board member is directionally positive for alignment though not a strong buy signal.

Corporate Governance Specialist

TL;DR: Compliant Rule 10b5-1 purchase; no red flags, neutral governance impact.

The transaction was executed under a documented Rule 10b5-1 plan, meeting SEC best-practice guidelines. Signature authority is delegated to counsel (Matthew K. Smith), and all required ownership data is disclosed. No sales, option grants, or complex derivatives appear, which keeps governance risk low. The limited dollar value and pre-planned nature make the event routine, without signaling material strategic shifts.

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^*

McCurry James Kyle

(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		323.8847(1)	A	$38.966	3,993.6913	I	by Deferred Compensation Plan
Common Stock								5,482.5668	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. McCurry	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 First Mid Bancshares (FMBH) shares did the director buy?

James Kyle McCurry bought 323.8847 shares on 07/02/2025 at $38.966 each.

What is the director's total indirect holding after the transaction?

Indirect ownership via the Deferred Compensation Plan is now 3,993.6913 shares.

Were any shares sold by the insider in this Form 4?

No. The filing reports only an acquisition; no sales were disclosed.

Was the transaction discretionary or part of a plan?

The filing states the shares were acquired under a Rule 10b5-1 deferred compensation plan, indicating a pre-arranged purchase.

Does this transaction materially impact FMBH's share count?

No. At roughly $12.6 thousand in value, the purchase is immaterial to the company’s overall share structure.