Midland States director awarded 1,445 shares

Ramos Richard T reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Ramos Richard T reported acquisition or exercise transactions in this Form 4 filing.

Midland States Bancorp director Richard T. Ramos reported routine equity awards. He received 1,445 shares of common stock as an annual director stock award with immediate vesting and 618.678 common share equivalents in a deferred compensation plan through dividend reinvestment. Following these grants, he directly holds 21,548 common shares, common share equivalents totaling 46,958.5491 units, and restricted stock units representing 4,990 underlying common shares.

Insider Trade Summary

Grant/Award: 2,063.678 shares

Grant/Award 3 txns

Insider Ramos Richard T

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Share Equivalent	618.678	$26.55	$16K
Grant/Award	Common Stock	1,445	$31.14	$45K
holding	Restricted Stock Unit	--	--	--

Holdings After Transaction: Common Share Equivalent — 46,958.5491 contracts (Direct); Common Stock — 21,548 shares (Direct); Restricted Stock Unit — 4,990 contracts (Direct)

Footnotes (4)

1. F1. Annual Director Stock Award with immediate vesting schedule.
2. F2. Jointly owned with spouse.
3. F3. Each common stock equivalent is the economic equivalent of one share of common stock.
4. F4. 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.

Key Figures

Common stock award: 1,445 shares at $31.1400 Common shares after award: 21,548 shares Common share equivalents acquired: 618.678 units at $26.5500 +2 more

5 metrics

Common stock award 1,445 shares at $31.1400 Annual director stock award on 2026-06-30

Common shares after award 21,548 shares Direct common stock holdings following transaction

Common share equivalents acquired 618.678 units at $26.5500 Dividend reinvestment in DDCP on 2026-06-30

Common share equivalents after transaction 46,958.5491 units Total common share equivalents held directly

Restricted stock units underlying shares 4,990 shares Underlying common stock for RSUs held directly

Key Terms

Annual Director Stock Award, common share equivalents, DDCP, dividend reinvestments, +1 more

5 terms

Annual Director Stock Award financial

"Annual Director Stock Award with immediate vesting schedule."

common share equivalents financial

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

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.

DDCP financial

"acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends"

dividend reinvestments financial

"pursuant to the reinvestment of dividends received during the quarter on common share equivalents"

termination of service as a director financial

"Common share equivalents received for dividend reinvestments ... become payable upon termination of service as a director."

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Accepted by SEC EDGAR 07/01/2026 - 12:27 PM 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^*

Ramos Richard T

(Last) (First) (Middle)

1201 NETWORK CENTRE DR.

(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)
06/30/2026

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	06/30/2026		A		1,445	A(1)	$31.14	21,548(2)	D

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	(3)	06/30/2026		A		618.678		(3)	(3)	Common Stock	618.678	$26.55(4)	46,958.5491	D
Restricted Stock Unit	(3)							(3)	(3)	Common Stock	4,990		4,990	D

Explanation of Responses:

1. Annual Director Stock Award with immediate vesting schedule.

2. Jointly owned with spouse.

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

4. 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.

Remarks:

	/s/Ramos Richard T	07/01/2026
	/s/Nathan D. Sturycz, attorney-in-fact	07/01/2026
	** 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)