Midland States Bancorp (MSBI) director reports 438,500 indirect shares

Rhea-AI Filing Summary

Midland States Bancorp, Inc. director James F. Deutsch filed an initial Form 3 reporting indirect beneficial ownership of 438,500 shares of Common Stock of Midland States Bancorp, Inc. as of 02/03/2026.

The shares are held by entities within Patriot Financial Group, including Patriot Financial Partners IV, LP and related funds. Deutsch is a member of Patriot Financial Partners GP IV, LLC and expressly disclaims beneficial ownership of these shares, except for his indirect pecuniary interest.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Deutsch James F.

Role Director

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 438,500 shares (Indirect, Patriot Financial Group)

Footnotes (1)

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Deutsch James F.

(Last) (First) (Middle)

1201 NETWORK CENTRE DRIVE

(Street)

EFFINGHAM IL 62401

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/03/2026

3. Issuer Name and Ticker or Trading Symbol
Midland States Bancorp, Inc. [ MSBI ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	438,500	I	Patriot Financial Group(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares are held by Patriot Financial Group: Patriot Financial Partners IV, LP, Patriot Financial Partners Parallel IV, LP, Patriot Financial Partners GP IV, LLC and Patriot Financial Partners GP IV, L.P. The reporting person is a member of Patriot Financial Partners GP IV, LLC, and expressly disclaims beneficial ownership of these shares, except to the extent of his indirect pecuniary interest therein. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the report's shares for the purposes of Section 16 or any other purpose.

Remarks:

	/s/Deutsch, James F.	02/12/2026
	/s/Nathan D. Sturycz, attorney-in-fact	02/12/2026
	** 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 5 (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 does the MSBI Form 3 filed by James F. Deutsch report?

The Form 3 reports that director James F. Deutsch has indirect beneficial ownership of 438,500 shares of Midland States Bancorp, Inc. common stock as of 02/03/2026, held through entities associated with Patriot Financial Group.

Are the 438,500 MSBI shares held directly by James F. Deutsch?

No, the 438,500 shares are held indirectly through Patriot Financial Group entities, including Patriot Financial Partners IV, LP and related funds. Deutsch reports an indirect pecuniary interest and expressly disclaims full beneficial ownership of these shares.

Did the MSBI Form 3 disclose any stock purchases or sales by James F. Deutsch?

The Form 3 functions as an initial ownership report and lists 438,500 indirectly owned shares of common stock. It characterizes the position as beneficially owned through Patriot Financial Group, rather than describing specific new stock purchases or sales.

What is Patriot Financial Group’s role in the MSBI Form 3 filing?

The filing states the shares are held by Patriot Financial Group entities, including Patriot Financial Partners IV, LP and related parallel and GP funds. Deutsch is a member of Patriot Financial Partners GP IV, LLC and reports only an indirect pecuniary interest in these shares.

Why does James F. Deutsch disclaim beneficial ownership of MSBI shares?

Deutsch disclaims beneficial ownership because the 438,500 shares are held by Patriot Financial Group entities, not in his name. He notes that any beneficial ownership is limited to his indirect pecuniary interest, and the report is not an admission of full ownership.