MidWestOne (MOFG) CAO granted 199 RSUs tied to Nicolet merger

Rhea-AI Filing Summary

MidWestOne Financial Group, Inc. Chief Accounting Officer John J. Ruppel reported an equity award and updated share holdings. On January 15, 2026, he acquired 199 restricted stock units at $0 under a time-based grant. These units vest on January 15, 2027, or on the legal close of the merger announced on October 23, 2025 between MidWestOne Financial Group, Inc. and Nicolet Bankshares, Inc., whichever occurs first.

Following the award, Ruppel directly beneficially owned 3,552.401 shares of common stock, which include 7.394 dividend equivalents, 10.539 shares from dividend reinvestment, and a 20-share correction to a prior award. He also indirectly held 800.749 shares through the company’s 401(k) Plan as of December 31, 2025, after an increase of 175.589 shares from plan allocations. The filing notes that the former Employee Stock Ownership Plan was merged into the 401(k) on May 7, 2025.

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

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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^*

Ruppel John J

(Last) (First) (Middle)

102 S. CLINTON STREET

P.O. BOX 1700

(Street)

IOWA CITY IA 52244-1700

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MidWestOne Financial Group, Inc. [ MOFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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	01/15/2026		A(1)		199	A	$0	3,552.401(2)	D
Common Stock								800.749(3)	I	By 401(k)(4)

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. Represents restricted stock units acquired pursuant to a grant of time-based restricted stock units which vest on January 15, 2027, or on the legal close date of the merger announced October 23, 2025, of MidWestOne Financial Group, Inc. with and into Nicolet Bankshares, Inc., with Nicolet Bankshares, Inc. as the surviving corporation, whichever comes first.

2. Includes 7.394 Dividend Equivalents credited to unvested time-based RSUs in lieu of a cash dividend payment since the reporting person's last required Form filing. Each whole Dividend Equivalent is the economic equivalent of one share of MidWestOne Financial Group, Inc. common stock. Also includes net 10.539 shares acquired through dividend reinvestment since the reporting person's last required Form filing. Additionally, includes a correction of a scrivener's error to reflect an increase of 20 shares inadvertently underreported on the reporting person's February 15, 2024, RSU award.

3. Shares held in the reporting person's account from within the MidWestOne Financial Group, Inc.. 401(k) Plan, as of December 31, 2025. Reported shares have increased by 175.589 shares since the date of the reporting person's previous Form filing due to allocations to his account.

4. The MidWestOne Financial Group, Inc. Employee Stock Ownership Plan (formerly the "ESOP") was merged into the MidWestOne Financial Group, Inc. 401(k) Plan (the "401(k)") on May 7, 2025. Shares from the reporting person's ESOP account were merged into the reporting person's account in the 401(k).

Remarks:

	Kenneth R. Urmie, Deputy Corporate Secretary, for John J. Ruppel under Power of Attorney dated April 20, 2023	01/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did MidWestOne (MOFG) report for John J. Ruppel?

MidWestOne Financial Group, Inc. reported that Chief Accounting Officer John J. Ruppel acquired 199 restricted stock units of common stock on January 15, 2026 at $0 per unit under a time-based equity grant.

When do John J. Ruppel’s new MidWestOne (MOFG) restricted stock units vest?

The 199 restricted stock units vest on January 15, 2027, or on the legal close of the merger announced on October 23, 2025 between MidWestOne Financial Group, Inc. and Nicolet Bankshares, Inc., with Nicolet Bankshares, Inc. as the surviving corporation, whichever occurs first.

How many MidWestOne (MOFG) shares does John J. Ruppel directly own after this Form 4?

After the reported grant, John J. Ruppel directly beneficially owned 3,552.401 shares of MidWestOne Financial Group, Inc. common stock, including 7.394 dividend equivalents, 10.539 shares acquired through dividend reinvestment, and a 20-share correction to a prior award.

What MidWestOne (MOFG) shares does John J. Ruppel hold through retirement plans?

Ruppel indirectly held 800.749 shares of MidWestOne Financial Group, Inc. common stock through the company’s 401(k) Plan as of December 31, 2025. This balance increased by 175.589 shares since his previous filing due to allocations to his account, and reflects the prior merger of the Employee Stock Ownership Plan into the 401(k).

Did the MidWestOne (MOFG) Form 4 reflect dividend-related adjustments to John J. Ruppel’s holdings?

Yes. The filing states that his direct holdings include 7.394 dividend equivalents credited to unvested time-based RSUs instead of cash dividends and 10.539 shares acquired through dividend reinvestment since his last required Form filing.

What plan change involving MidWestOne (MOFG) shares was disclosed in this Form 4?

The document explains that the MidWestOne Financial Group, Inc. Employee Stock Ownership Plan was merged into the company’s 401(k) Plan on May 7, 2025, and shares from John J. Ruppel’s ESOP account were moved into his 401(k) account.