Midland States director acquires 341 share equivalents

The acquired equivalents become payable upon termination of Richard Dean Bingham’s service as a director.

Rhea-AI Filing Summary

Richard Dean Bingham, a director of Midland States Bancorp, Inc. (MSBI), acquired 341 common share equivalents on September 30, 2026, through reinvestment of dividends in the Directors Deferred Compensation Plan. The reported price was $33.38 per share. The equivalents fully vested on that date, and his reported balance was 23,470 common share equivalents. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Grant/Award: 340.608 shares

Grant/Award 6 txns

Insider Bingham Richard Dean

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Share Equivalent F2, F3	340.608	$33.38	$11K
holding	Restricted Stock Unit F4	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock F1	--	--	--
holding	Series A Preferred Depositary Shares	--	--	--
holding	Common Stock F1	--	--	--

Holdings After Transaction: Common Share Equivalent — 23,469.5283 contracts (Direct); Restricted Stock Unit — 11,324.106 contracts (Direct); Common Stock — 27,700 shares (Direct); Common Stock — 1,000 shares (Indirect, IRA); Series A Preferred Depositary Shares — 4,000 shares (Direct); Common Stock — 42,554 shares (Indirect, Agracel, Inc)

Footnotes (4)

1. F1. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
2. F2. Represents common share equivalents held pursuant to Directors Deferred Compensation Plan as of the date of this form. Each common share equivalent is the economic equivalent of one share of common stock. Common stock equivalents become payable upon the reporting persons termination of service as a director.
3. F3. Represents common share equivalents acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends received during the quarter on common share equivalents held in the DDCP by the reporting person at the time such dividend was paid on the underlying shares. Common share equivalents received for dividend reinvestments fully vested on the transaction date listed above and become payable upon termination of service as a director.
4. F4. Each common stock equivalent is the economic equivalent of one share of common stock.

Key Figures

Common share equivalents acquired: 341 common share equivalents Reported transaction price: $33.38 per share Common share equivalents following transaction: 23,470 common share equivalents

3 metrics

Common share equivalents acquired 341 common share equivalents Acquired September 30, 2026, through dividend reinvestment

Reported transaction price $33.38 per share Common share equivalents acquired September 30, 2026

Common share equivalents following transaction 23,470 common share equivalents Reported balance after the September 30, 2026 transaction

Key Terms

common share equivalents, Directors Deferred Compensation Plan, dividend reinvestments, fully vested

4 terms

common share equivalents financial

"common share equivalents acquired by the reporting person"

Securities and instruments that can be converted into or used to buy a company’s common stock, such as stock options, warrants, convertible preferred shares, and convertible debt. They matter because they represent potential future shares that can increase the company’s share count and change ownership percentages; thinking of them like coupons or tickets that could be exchanged for stock helps picture how they can dilute existing holders and alter per‑share metrics.

Directors Deferred Compensation Plan financial

"held pursuant to Directors Deferred Compensation Plan"

A directors deferred compensation plan lets a board member postpone receiving part or all of their cash fees or stock-based pay until a future date, often retirement, allowing taxes to be delayed and payouts to be structured over time. Investors care because these plans change a company’s future cash obligations and reveal how the board’s pay is aligned with long-term performance—like choosing to take a paycheck later to tie personal reward to the company’s future results.

dividend reinvestments financial

"common share equivalents received for dividend reinvestments"

fully vested financial

"dividend reinvestments fully vested on the transaction date"

FAQ

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

How many MSBI common share equivalents did Richard Dean Bingham acquire?

Richard Dean Bingham acquired 341 common share equivalents on September 30, 2026, at a reported price of $33.38 per share.

When do Richard Dean Bingham’s MSBI common share equivalents become payable?

The common share equivalents become payable upon termination of his service as a director.

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

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Available on EDGAR 10/01/2026 - 09:02 AM Accepted by SEC EDGAR 10/01/2026 - 09:01 AM Learn about SEC filing dates

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^*

Bingham Richard Dean

(Last) (First) (Middle)

1201 NETWORK CENTRE DRIVE

(Street)

EFFINGHAM ILLINOIS 62401

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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								27,700	D
Common Stock								1,000(1)	I	IRA
Series A Preferred Depositary Shares								4,000	D
Common Stock								42,554(1)	I	Agracel, Inc

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
Common Share Equivalent	(2)	09/30/2026		A		340.608		(2)	(2)	Common stock	340.608	$33.38(3)	23,469.5283	D
Restricted Stock Unit	(4)							(4)	(4)	Common Stock	11,324.106		11,324.106	D

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose

2. Represents common share equivalents held pursuant to Directors Deferred Compensation Plan as of the date of this form. Each common share equivalent is the economic equivalent of one share of common stock. Common stock equivalents become payable upon the reporting persons termination of service as a director.

3. Represents common share equivalents acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends received during the quarter on common share equivalents held in the DDCP by the reporting person at the time such dividend was paid on the underlying shares. Common share equivalents received for dividend reinvestments fully vested on the transaction date listed above and become payable upon termination of service as a director.

4. Each common stock equivalent is the economic equivalent of one share of common stock.

Remarks:

	/s/Bingham, R. Dean	10/01/2026
	/s/Nathan D. Sturycz, attorney-in-fact	10/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)