Midland States Bancorp (MSBI) CFO receives 6,357-share stock grant in Form 4

Rhea-AI Filing Summary

Stack Claire Ann reported acquisition or exercise transactions in this Form 4 filing.

Midland States Bancorp Executive Vice President and Chief Financial Officer Claire Ann Stack received a grant of 6,357 shares of Common Stock as equity compensation at a reference price of $27.53 per share. This restricted stock award includes a vesting schedule and brings her direct holdings to 7,998 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Stack Claire Ann

Role EVP - Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	6,357	$27.53	$175K

Holdings After Transaction: Common Stock — 7,998 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 6,357 shares Reference price per share: $27.53 per share Shares owned after grant: 7,998 shares +2 more

5 metrics

Shares granted 6,357 shares Restricted stock award to CFO on transaction date

Reference price per share $27.53 per share Value used for the 6,357-share grant

Shares owned after grant 7,998 shares CFO’s direct Common Stock holdings following transaction

Transaction code A Grant, award, or other acquisition of Common Stock

Security type Common Stock Non-derivative equity reported in Form 4

Key Terms

Common Stock, Grant, award, or other acquisition, RSA

3 terms

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

RSA financial

"footnote: "RSA with vesting schedule""

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^*

Stack Claire Ann

(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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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(1)	05/12/2026		A		6,357	A	$27.53	7,998	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. RSA with vesting schedule

Remarks:

	/s/Claire Ann Stack	05/12/2026
	/s/Nathan D. Sturycz, attorney-in-fact	05/12/2026
	** 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 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)

FAQ

What insider transaction did Midland States Bancorp (MSBI) report for Claire Ann Stack?

Midland States Bancorp reported that EVP and Chief Financial Officer Claire Ann Stack received a grant of 6,357 shares of Common Stock. The award is equity compensation, not an open-market purchase, and is labeled as a grant, award, or other acquisition in the Form 4.

How many Midland States Bancorp (MSBI) shares did the CFO receive in this Form 4 filing?

The CFO received a grant of 6,357 shares of Midland States Bancorp Common Stock. This award is shown at a reference price of $27.53 per share and is characterized as a restricted stock award with an associated vesting schedule, according to the Form 4 details.

What are Claire Ann Stack’s holdings in Midland States Bancorp (MSBI) after this Form 4 transaction?

After the reported equity grant, Claire Ann Stack directly holds 7,998 shares of Midland States Bancorp Common Stock. The Form 4 shows this total in the “shares following transaction” field, reflecting her updated direct ownership position following the 6,357-share restricted stock award.

Was the Midland States Bancorp (MSBI) Form 4 transaction a market purchase or a compensation grant?

The Form 4 describes the transaction as a grant, award, or other acquisition rather than a market purchase. The transaction code is “A,” and a footnote indicates it is an RSA with a vesting schedule, confirming it is part of equity-based compensation, not an open-market trade.

What does the reference price of $27.53 mean in the Midland States Bancorp (MSBI) Form 4?

The Form 4 lists a transaction price of $27.53 per share for the 6,357-share grant. For compensation-related awards, this figure typically reflects a fair market value reference on the grant date, rather than a cash price actually paid by the executive in an open-market transaction.