TRAVIS FRANKLIN - 31 Dec 2025 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
Director
Signature
/s/TRAVIS FRANKLIN
Issuer symbol
MSBI
Transactions as of
31 Dec 2025
Net transactions value
+$14,717
Form type
4
Filing time
02 Jan 2026, 12:18:23 UTC
Previous filing
01 Oct 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Franklin Travis Director 1201 NETWORK CENTRE DR., EFFINGHAM /s/TRAVIS FRANKLIN 02 Jan 2026 0002021449

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 MSBI Common Share Equivalent Award $2,717 +168 +2% $16.17 8,658 31 Dec 2025 Common Stock 168 $22.65 Direct F1, F2, F3
transaction MSBI Common Share Equivalent Award $12,000 +567 +6.5% $21.17 9,225 31 Dec 2025 Common Stock 567 $22.65 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents common share equivalents held pursuant to Directors Deferred Compensation Plan as of the date of this form. Each common share equivalent is the economic equivalent of one share of common stock. Common stock equivalents become payable upon the reporting persons termination of service as a director.
F2 Represents common share equivalents acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends received during the quarter on common share equivalents held in the DDCP by the reporting person at the time such dividend was paid on the underlying shares. Common share equivalents received for dividend reinvestments fully vested on the transaction date listed above and become payable upon termination of service as a director.
F3 Each common stock equivalent is the economic equivalent of one share of common stock.
F4 Represents common share equivalents acquired by the reporting person under the Issuers Directors Deferred Compensation Plan (DDCP) with respect to director fees deferred by the reporting person during the quarter, based upon the closing price of the underlying shares on the last day of the quarter. Each common share equivalent is the economic equivalent of one share of common stock. Common share equivalents received for deferred director fees fully vested on the transaction date listed above and become payable upon termination of service as a director.