MidWestOne (MOFG) COO awarded 2,131 RSUs tied to merger vesting terms

Rhea-AI Filing Summary

MidWestOne Financial Group, Inc. President and COO Len D. Devaisher reported receiving 2,131 shares of common stock on January 15, 2026 as a grant of time-based restricted stock units at a price of $0 per share. These RSUs vest on January 15, 2027, or on the legal close date of the merger announced October 23, 2025 between MidWestOne Financial Group, Inc. and Nicolet Bankshares, Inc., whichever occurs first.

Following this grant, Devaisher beneficially owns 32,932.603 shares of common stock directly, plus 853.927 shares held indirectly in a MidWestOne 401(k) account and 3,000 shares held indirectly in an IRA. The filing notes 13.623 dividend equivalent units were credited to unvested RSUs instead of cash dividends, and that 401(k) shares increased by 12.049 shares through dividend reinvestment since the prior filing.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Devaisher Len D

Role President and COO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,131	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 32,932.603 shares (Direct); Common Stock — 853.927 shares (Indirect, By 401(k))

Footnotes (1)

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. Includes 13.623 dividend equivalent units credited to unvested time-based RSUs in lieu of a cash dividend payment since the reporting person's last required Form filing. 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 12.049 shares since the date of the reporting person's previous Form filing due to dividend reinvestment in his account.

Form 4 Insider Transactions: What Each Field Means →

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^*

Devaisher Len D

(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)
	President and COO

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)		2,131	A	$0	32,932.603(2)	D
Common Stock								853.927(3)	I	By 401(k)
Common Stock								3,000	I	Held in IRA

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 13.623 dividend equivalent units credited to unvested time-based RSUs in lieu of a cash dividend payment since the reporting person's last required Form filing.

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 12.049 shares since the date of the reporting person's previous Form filing due to dividend reinvestment in his account.

Remarks:

	Kenneth R. Urmie, Deputy Corporate Secretary, for Len D. Devaisher under Power of Attorney dated April 21, 2023	01/16/2026
	** 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 insider transaction did MidWestOne (MOFG) report for Len D. Devaisher?

MidWestOne (MOFG) reported that President and COO Len D. Devaisher acquired 2,131 shares of common stock on January 15, 2026 through a grant of time-based restricted stock units at a price of $0 per share.

How do the new restricted stock units for MOFG's COO vest?

The 2,131 restricted stock units granted to MidWestOne’s COO vest on January 15, 2027, or on the legal close date of the merger announced October 23, 2025 between MidWestOne Financial Group, Inc. and Nicolet Bankshares, Inc., whichever happens first.

How many MidWestOne (MOFG) shares does Len D. Devaisher own after this Form 4?

After the reported transaction, Len D. Devaisher beneficially owns 32,932.603 shares of MidWestOne common stock directly, 853.927 shares indirectly through a MidWestOne 401(k) plan account, and 3,000 shares indirectly in an IRA.

What do the dividend equivalent units mentioned in the MOFG Form 4 represent?

The filing states that the holdings include 13.623 dividend equivalent units credited to unvested time-based RSUs in lieu of a cash dividend payment since Len D. Devaisher’s last required Form filing.

How did Len D. Devaisher’s 401(k) holdings in MidWestOne (MOFG) change?

The Form 4 notes that shares held in Len D. Devaisher’s MidWestOne 401(k) Plan account totaled 853.927 shares as of December 31, 2025, an increase of 12.049 shares since his previous Form filing due to dividend reinvestment.

What is the relationship of Len D. Devaisher to MidWestOne Financial Group, Inc.?

Len D. Devaisher is identified in the filing as an officer of MidWestOne Financial Group, Inc., serving as President and COO, and is not listed as a director or 10% owner.