Michael David Cassens - Jul 18, 2023 Form 4 Insider Report for FIRST BUSEY CORP /NV/ (BUSE)

Role
Director
Signature
/s/ Catherine Alqallaf, attorney-in-fact
Stock symbol
BUSE
Transactions as of
Jul 18, 2023
Transactions value $
-$239,756
Form type
4
Date filed
7/20/2023, 12:37 PM
Previous filing
May 2, 2023
Next filing
Aug 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BUSE Common Stock Sale -$221K -10K -5.98% $22.00 158K Jul 18, 2023 Direct F1, F2
transaction BUSE Common Stock Sale -$18.9K -861 -0.55% $22.00 157K Jul 19, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The stock sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 25, 2022.
F2 The price reported above reflects the weighted average sale price. The sale was executed in multiple trades at prices ranging from $22.0000 to $22.0450, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney