First Mid Bancshares: EPL LINCO Trust stake at 4.74%

First Mid Bancshares, Inc. (FMBH) reported that the EPL LINCO Trust and its trustee, Elizabeth Paige Laurie, beneficially own 1,262,246 common shares, representing 4.74% of the outstanding class.

Rhea-AI Filing Summary

First Mid Bancshares, Inc. (FMBH) reported that the EPL LINCO Trust and its trustee, Elizabeth Paige Laurie, beneficially own 1,262,246 common shares, representing 4.74% of the outstanding class. The amendment attributes the drop below 5% to an increase in First Mid's outstanding common shares resulting from Two Rivers Financial Group, Inc.'s merger into a wholly owned First Mid subsidiary. The Trust and Laurie ceased to be beneficial owners of more than 5% upon the merger's closing on February 28, 2026.

Filing Explained

The amendment clarifies the holding mechanics: trustee Laurie has sole voting and dispositive power over the Trust’s 1,262,246 shares, with no shared power reported; the 4.74% beneficial-ownership figure is tied to those shares.

Key Figures

Beneficially owned common shares: 1,262,246 shares Ownership percentage: 4.74% Ownership threshold: 5% +1 more

4 metrics

Beneficially owned common shares 1,262,246 shares Shares held by the EPL LINCO Trust

Ownership percentage 4.74% Percentage of First Mid common shares outstanding

Ownership threshold 5% The amendment reports ownership below this level

Common stock par value $4.00 per share First Mid common stock

Key Terms

beneficially own, sole voting and investment power, wholly owned subsidiary, shares of Common Stock outstanding

4 terms

beneficially own financial

"beneficially own the 1,262,246 shares of Common Stock held by the Trust"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

sole voting and investment power financial

"The Trustee has sole voting and investment power as to these shares"

wholly owned subsidiary technical

"with and into a wholly owned subsidiary of the Company"

A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.

shares of Common Stock outstanding financial

"increase in the number of shares of Common Stock outstanding"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many FMBH shares does the EPL LINCO Trust beneficially own?

The EPL LINCO Trust and Elizabeth Paige Laurie beneficially own 1,262,246 shares of First Mid common stock, representing 4.74% of the outstanding class.

Why did the EPL LINCO Trust's FMBH ownership fall below 5%?

The percentage fell below 5% after the merger of Two Rivers Financial Group, Inc. into a wholly owned First Mid subsidiary increased First Mid's outstanding common shares. The Trust and Laurie ceased to be beneficial owners of more than 5% upon the merger's closing on February 28, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/16/2026 - 03:32 PM EDT Accepted by SEC EDGAR 10/16/2026 - 03:32 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

First Mid Bancshares, Inc.

(Name of Issuer)

Common Stock, par value $4.00 per share

(Title of Class of Securities)

320866106

(CUSIP Number)

J. Kyle McCurry
302 Campusview Drive Suite 108,
Columbia, MO, 65201
(573) 447-8000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

02/28/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 320866106

1

Name of reporting person

Elizabeth Paige Laurie

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,262,246.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,262,246.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,262,246.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.74 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $4.00 per share
(b)	Name of Issuer: First Mid Bancshares, Inc.
(c)	Address of Issuer's Principal Executive Offices: 1421 Charleston Avenue, Mattoon, ILLINOIS , 61938.
Item 1 Comment: Explanatory Note: This statement constitutes Amendment No. 2 ("Amendment No. 2") to the Schedule 13D filed by Elizabeth Paige Laurie, Trustee of the EPL LINCO Trust, dated December 1, 2015 (the "Trust"), a revocable trust formed by Elizabeth Paige Laurie (the "Trustee"), on February 25, 2021 (the "Initial Schedule 13D"), and amended by Amendment No. 1 to the Initial Schedule 13D filed on August 8, 2024 ("Amendment No. 1"), related to the common stock, par value $4.00 per share (the "Common Stock"), of First Mid Bancshares, Inc. (the "Company"). This Amendment No. 2 is being filed to report a change in the percentage of Common Stock owned by the Trust and the Trustee, which has resulted from changes in the aggregate outstanding shares of Common Stock. There has been no change in the number of shares of Common Stock beneficially owned by the Trust and the Trustee since the filing of Amendment No. 1 as a result of acquisitions or dispositions. This Amendment No. 2 reflects, among other things, that the Trust and Trustee no longer beneficially own more than 5% of the Common Stock. Accordingly, the Trust and the Trustee are no longer required to file a Schedule 13D to report their holdings of Common Stock, and upon the filing of this Amendment No. 2, the Trust and the Trustee will cease to mandatorily report their holdings of Common Stock on Schedule 13D as long as their holdings do not exceed 5%. Except as specifically amended below, all other provisions of the Initial Schedule 13D, as amended by Amendment No. 1, remain in effect. Capitalized terms used herein and not otherwise defined in this Amendment No. 2 have the meanings set forth in the Initial Schedule 13D, as amended by Amendment No. 1.
Item 4.	Purpose of Transaction
	Item 4 is amended to add the following: Due to an increase in the number of shares of Common Stock outstanding resulting from the merger of Two Rivers Financial Group, Inc. with and into a wholly owned subsidiary of the Company (the "Two Rivers Merger"), the aggregate percentage ownership of shares of Common Stock beneficially owned by the Trust and the Trustee dropped below 5% since the filing of Amendment No. 1. Therefore, the Trust and the Trustee are filing this Amendment No. 2 to report their change in percentage ownership below 5%.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 is amended and restated in its entirety as follows: The Trust and the Trustee beneficially own the 1,262,246 shares of Common Stock held by the Trust, representing 4.74% of the shares of Common Stock outstanding. The Trustee has sole voting and investment power as to these shares of Common Stock held by the Trust.
(b)	The Trust and the Trustee beneficially own the 1,262,246 shares of Common Stock held by the Trust, representing 4.74% of the shares of Common Stock outstanding. The Trustee has sole voting and investment power as to these shares of Common Stock held by the Trust.
(c)	None.
(d)	None.
(e)	The Trust and the Trustee ceased to be beneficial owners of more than 5% of the shares of Common Stock as of February 28, 2026, upon closing of the Two Rivers Merger.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Elizabeth Paige Laurie

Signature:	Elizabeth Paige Laurie
Name/Title:	Trustee of the EPL LINCO Trust, dated December 1, 2015
Date:	10/16/2026