MSBI credit chief acquires 751 ESPP shares

Midland States Bancorp EVP and Chief Credit Officer Jeremy Andrew acquired 751 shares of common stock through the company’s Employee Stock Purchase Plan.

Accepted by SEC EDGAR 04/02/2026 - 09:35 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Midland States Bancorp EVP and Chief Credit Officer Jeremy Andrew acquired 751 shares of common stock through the company’s Employee Stock Purchase Plan. The shares were purchased for $19.05 per share, and his direct holdings increased to 64,634 common shares following this routine ESPP transaction.

Insider Trade Summary

Grant/Award: 751 shares

Grant/Award 1 txn

Insider Jameson Jeremy Andrew

Role EVP - Chief Credit Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	751	$19.05	$14K

Holdings After Transaction: Common Stock — 64,634 shares (Direct)

Footnotes (1)

1. F1. Represents shares acquired by the reporting person through contributions to the Employee Stock Purchase Plan of the Issuer (ESPP). for the calendar quarter. Pursuant to the ESPP, the price used for each quarterly purchase is the lower of 90% of the fair market of the Issuers shares on the first day of the calendar quarter or the closing price of the shares on the last day of the quarter.

Key Figures

Shares acquired: 751 shares Acquisition price: $19.05 per share Total holdings after transaction: 64,634 shares

3 metrics

Shares acquired 751 shares Common stock acquired via ESPP on March 31, 2026

Acquisition price $19.05 per share Price used for ESPP purchase for the calendar quarter

Total holdings after transaction 64,634 shares Direct ownership of Midland States Bancorp common stock

Key Terms

Employee Stock Purchase Plan, ESPP, Grant, award, or other acquisition

3 terms

Employee Stock Purchase Plan financial

"Represents shares acquired by the reporting person through contributions to the Employee Stock Purchase Plan of the Issuer (ESPP)."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

ESPP financial

"Pursuant to the ESPP, the price used for each quarterly purchase is the lower of 90% of the fair market..."

An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

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

What insider transaction did MSBI executive Jeremy Andrew report?

Jeremy Andrew reported acquiring 751 shares of Midland States Bancorp common stock. The shares were obtained through the company’s Employee Stock Purchase Plan, reflecting a compensation-related acquisition rather than an open-market trade, and increased his direct ownership position in the stock.

At what price were the new MSBI shares acquired by Jeremy Andrew?

The 751 Midland States Bancorp shares were acquired at $19.05 per share. This price was determined under the Employee Stock Purchase Plan formula, which uses a discount to the fair market value on either the first or last day of the calendar quarter.

How many Midland States Bancorp (MSBI) shares does Jeremy Andrew now hold?

After the reported transaction, Jeremy Andrew directly holds 64,634 shares of Midland States Bancorp common stock. This total includes the 751 shares acquired through the Employee Stock Purchase Plan for the calendar quarter covered by the Form 4 filing.

Was the MSBI insider transaction an open-market purchase or an ESPP acquisition?

The transaction was an acquisition through Midland States Bancorp’s Employee Stock Purchase Plan, not an open-market purchase. Shares were bought via payroll contributions, at a plan-defined discount to market, as part of a routine quarterly ESPP purchase program.

What role does Jeremy Andrew hold at Midland States Bancorp (MSBI)?

Jeremy Andrew serves as Executive Vice President and Chief Credit Officer at Midland States Bancorp. His Form 4 filing reflects a compensation-related share acquisition through the Employee Stock Purchase Plan rather than discretionary buying or selling in the open market.

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

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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^*

Jameson Jeremy Andrew

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP - Chief Credit Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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	03/31/2026		A		751	A	$19.05(1)	64,634	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

Explanation of Responses:

1. Represents shares acquired by the reporting person through contributions to the Employee Stock Purchase Plan of the Issuer (ESPP). for the calendar quarter. Pursuant to the ESPP, the price used for each quarterly purchase is the lower of 90% of the fair market of the Issuers shares on the first day of the calendar quarter or the closing price of the shares on the last day of the quarter.

Remarks:

	/s/Jeremy Andrew Jameson	04/01/2026
	/s/Nathan D. Sturycz, attorney-in-fact	04/01/2026
	** 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)