Amy Fauss - 01 Mar 2025 Form 4 Insider Report for FIRST BUSEY CORP /NV/ (BUSE)

Role
Chief Info & Tech Officer
Signature
/s/ Catherine Alqallaf, attorney-in-fact
Issuer symbol
BUSE
Transactions as of
01 Mar 2025
Net transactions value
$0
Form type
4
Filing time
04 Mar 2025, 15:40:18 UTC
Previous filing
26 Feb 2025
Next filing
14 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BUSE Common Stock Award $0 +67,144 $0.000000 67,144 01 Mar 2025 Direct F1
transaction BUSE Common Stock Award $0 +4,087 +6.1% $0.000000 71,231 01 Mar 2025 Direct F2
transaction BUSE Common Stock Award $0 +7,854 +11% $0.000000 79,085 01 Mar 2025 Direct F3
transaction BUSE Series A Non-Cumulative Perpetual Preferred Stock Award $0 +50 $0.000000 50 01 Mar 2025 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BUSE Stock Appreciation Right Award $0 +9,535 $0.000000 9,535 01 Mar 2025 Common Stock 9,535 $11.24 Direct F5
transaction BUSE Stock Appreciation Right Award $0 +14,303 $0.000000 14,303 01 Mar 2025 Common Stock 14,303 $9.37 Direct F5
transaction BUSE Stock Appreciation Right Award $0 +5,721 $0.000000 5,721 01 Mar 2025 Common Stock 5,721 $11.24 Direct F5
transaction BUSE Stock Appreciation Right Award $0 +7,787 $0.000000 7,787 01 Mar 2025 Common Stock 7,787 $11.24 Direct F5
transaction BUSE Stock Appreciation Right Award $0 +17,280 $0.000000 17,280 01 Mar 2025 Common Stock 17,280 $12.36 Direct F5
transaction BUSE Stock Appreciation Right Award $0 +40,050 $0.000000 40,050 01 Mar 2025 Common Stock 40,050 $21.35 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement") entered into on August 26, 2024, between Issuer and CrossFirst Bankshares, Inc. ("CrossFirst"). Pursuant to the Merger Agreement, at the effective time of the merger, CrossFirst merged with and into Issuer with Issuer surviving the merger, and each share of common stock, par value $0.01 per share, of CrossFirst outstanding immediately prior to the effective time of the merger, other than certain excluded shares, was converted into the right to receive (a) 0.6675 shares of common stock, par value $0.001, of Issuer and (b) cash in lieu of fractional shares.
F2 Pursuant to the Merger Agreement, at the effective time of the merger, each CrossFirst restricted stock unit subject to time based vesting conditions (each, a "CrossFirst RSU") was assumed and converted into a restricted stock unit award in respect of Issuer common stock, par value $0.001 (each, an "Issuer RSU"), subject to vesting, repurchase, or other lapse restriction with the same terms and conditions as were applicable under such CrossFirst RSU immediately prior to the effective time of the merger relating to the number of shares of Issuer common stock equal to the product of (A) 0.6675 shares of Issuer common stock, multiplied by (B) the number of shares of CrossFirst common stock subject to the CrossFirst RSUs immediately prior to the effective time of the merger, with any fractional shares rounded to the nearest whole share of Issuer common stock. Each Issuer RSU represents a contingent right to receive one share of Issuer common stock.
F3 Pursuant to the Merger Agreement, at the effective time of the merger, each CrossFirst performance-based restricted stock unit award (each, a "CrossFirst PSU") was assumed and converted into an Issuer RSU, subject to the same terms and conditions (including service-based vesting terms but excluding performance-based vesting terms) as applied to the CrossFirst PSU immediately prior to the effective time of the merger, relating to the number of shares of Issuer common stock equal to the product of (A) 0.6675 shares of Issuer common stock, multiplied by (B)(i) for CrossFirst PSUs granted in 2023, actual performance and (ii) for CrossFirst PSUs granted in 2024, target performance, in each case, with any fractional shares rounded to the nearest whole share of Issuer common stock. Each Issuer RSU represents a contingent right to receive one share of Issuer common stock.
F4 Pursuant to the Merger Agreement, at the effective time of the merger, each issued and outstanding share of Series A Non-Cumulative Perpetual Preferred Stock, par value $0.01, of CrossFirst was converted into the right to receive one share of Series A Non-Cumulative Perpetual Preferred Stock, par value $0.001, of Issuer.
F5 Pursuant to the Merger Agreement, at the effective time of the merger, each CrossFirst stock-settled stock appreciation right ("CrossFirst SAR") outstanding immediately prior to the effective time of the merger was converted into a stock appreciation right in respect of Issuer common stock par value $0.001, relating to the number of shares of Issuer common stock equal to the product of (A) the number of shares of CrossFirst common stock subject to such CrossFirst SAR immediately prior to the closing of the merger, multiplied by (B) 0.6675 shares of common stock, par value $0.001, of Issuer ("Exchange Ratio"), with any fractional shares rounded down to the nearest whole share of Issuer common stock, and at an exercise price per share equal to (i) the exercise price per share of the CrossFirst SAR immediately prior to the effective time of the merger, divided by (ii) the Exchange Ratio, rounded up to the nearest whole cent.