[Form 4] FIRST MID BANCSHARES, INC. Insider Trading Activity

Rhea-AI Filing Summary

FIRST MID BANCSHARES, INC. (FMBH) director Zachary Horn reported transactions on 10/02/2025. Mr. Horn acquired 326.8615 common shares at a price of $37.0769 under the company’s Deferred Compensation Plan and disposed of 5,940.7487 common shares the same reporting period. After these transactions he is reported to beneficially own 7,395.218 shares indirectly through the Deferred Compensation Plan. The filing was signed by an attorney-in-fact on 10/03/2025.

Positive

• Acquisition of 326.8615 shares executed under the company’s Deferred Compensation Plan, indicating continued participation in company equity
• Reported indirect ownership of 7,395.218 shares, showing disclosed insider stake

Negative

• Disposition of 5,940.7487 shares reported on the same period; the form does not provide a reason for the sale

Insights

Corporate Governance Analyst

Director purchased 326.8615 shares via Deferred Compensation Plan; disposal of 5,940.7487 shares also reported.

The Form 4 shows a small planned acquisition of 326.8615 shares at $37.0769 under the company’s Deferred Compensation Plan, reflecting routine compensation deferral activity. The filing also records a disposal of 5,940.7487 shares; the form does not state the reason for that disposition.

Because the ownership after the reported transactions is recorded as 7,395.218 shares held indirectly, these entries document changes in beneficial ownership relevant to director alignment and insider holding levels.

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
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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).

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)
10/02/2025

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	10/02/2025		A		326.8615(1)	A	$37.0769	7,395.218	I	by Deferred Compensation Plan
Common Stock								5,940.7487	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	10/03/2025
	** 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

What did FMBH director Zachary Horn report on Form 4?

Mr. Horn reported acquiring 326.8615 common shares at $37.0769 on 10/02/2025 and disposing of 5,940.7487 common shares; beneficial ownership after the transactions is 7,395.218 shares.

How were the acquired shares obtained by Zachary Horn?

The filing states the acquisition was made via the company’s Deferred Compensation Plan as a planned quarterly purchase.

What form was filed and when was it signed?

A Form 4 was filed reflecting transactions on 10/02/2025 and the filing bears a signature by an attorney-in-fact on 10/03/2025.

Does the Form 4 explain why shares were disposed?

No. The Form 4 lists the 5,940.7487 share disposition but does not provide a stated reason for the sale.

Is Zachary Horn a director or officer of FMBH?

The form identifies Zachary Horn as a Director of FIRST MID BANCSHARES, INC.