ESPP grant lifts Midland States (MSBI) EVP Jeremy Andrew holdings

Rhea-AI Filing Summary

Midland States Bancorp EVP and Chief Credit Officer Jeremy Andrew received an amended grant of 1,311 shares of Common Stock under the company’s Employee Stock Purchase Plan. The Form 4/A corrects the number of shares previously reported as acquired for the calendar quarter.

The shares were acquired through his contributions to the plan, at a purchase price of $19.05 per share, based on the ESPP feature that uses the lower of 90% of the fair market value on the first day of the quarter or the closing price on the last day. Following this acquisition, he directly owns 65,194 shares of Midland States Bancorp common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jameson Jeremy Andrew

Role EVP - Chief Credit Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,311	$19.05	$25K

Holdings After Transaction: Common Stock — 65,194 shares (Direct)

Footnotes (1)

1. This Form is being filed to correct the number of shares reported as acquired under the issuer's Employee Stock Purchase Plan. The original filing inadvertently reported an incorrect share amount. All other information remains unchanged 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

ESPP shares acquired: 1,311 shares ESPP purchase price: $19.05 per share Shares owned after transaction: 65,194 shares +2 more

5 metrics

ESPP shares acquired 1,311 shares Common Stock acquisition on March 31, 2026 via ESPP

ESPP purchase price $19.05 per share Price for quarterly ESPP purchase

Shares owned after transaction 65,194 shares Direct Common Stock holdings following ESPP acquisition

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

Transaction date March 31, 2026 Calendar quarter ESPP purchase date

Key Terms

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

4 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

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

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.

fair market financial

"the price used for each quarterly purchase is the lower of 90% of the fair market of the Issuers shares on the first day"

Grant, award, or other acquisition financial

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

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^*

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)
04/02/2026

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		1,311(1)	A	$19.05(2)	65,194	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. This Form is being filed to correct the number of shares reported as acquired under the issuer's Employee Stock Purchase Plan. The original filing inadvertently reported an incorrect share amount. All other information remains unchanged

2. 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)

FAQ

What insider transaction did Midland States Bancorp (MSBI) report in this Form 4/A?

Midland States Bancorp reported that EVP and Chief Credit Officer Jeremy Andrew acquired 1,311 shares of Common Stock. The shares were obtained through the company’s Employee Stock Purchase Plan for the calendar quarter at a price of $19.05 per share.

Why was this Midland States Bancorp (MSBI) insider filing amended?

The filing was amended to correct the number of shares reported as acquired under Midland States Bancorp’s Employee Stock Purchase Plan. The original Form 4 inadvertently listed an incorrect share amount, while all other information related to the transaction remains unchanged.

How many Midland States Bancorp (MSBI) shares does the EVP own after this transaction?

After this Employee Stock Purchase Plan acquisition, EVP and Chief Credit Officer Jeremy Andrew directly owns 65,194 shares of Midland States Bancorp Common Stock. This updated total reflects the corrected 1,311-share grant reported in the amended Form 4/A filing.

What price did the Midland States Bancorp (MSBI) EVP pay for the ESPP shares?

The 1,311 shares were acquired at a purchase price of $19.05 per share. Under Midland States Bancorp’s Employee Stock Purchase Plan, each quarter’s purchase uses the lower of 90% of the first-day fair market value or the closing price on the last day.

How does Midland States Bancorp’s (MSBI) Employee Stock Purchase Plan determine the purchase price?

The plan sets the quarterly purchase price as the lower of 90% of the fair market value of shares on the first day of the calendar quarter or the closing price on the last day. This formula determined the $19.05 per share price for the 1,311 shares acquired.

Is this Midland States Bancorp (MSBI) insider transaction an open-market purchase?

No. The transaction is a grant or award acquisition through the Employee Stock Purchase Plan, funded by the executive’s contributions. It is reported with transaction code “A,” reflecting compensatory share acquisition rather than an open-market buy or sell order.