Ludwig Jeffrey G. - Oct 29, 2024 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
President & CEO, Director
Signature
/s/Ludwig Jeffrey G
Stock symbol
MSBI
Transactions as of
Oct 29, 2024
Transactions value $
-$312,683
Form type
4
Date filed
10/29/2024, 05:17 PM
Previous filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSBI Common Stock Options Exercise $268K +12.8K +3.71% $21.00 357K Oct 29, 2024 Direct
transaction MSBI Common Stock Sale -$313K -12.8K -3.58% $24.52 344K Oct 29, 2024 Direct F1
holding MSBI Common Stock 11.6K Oct 29, 2024 JQ Properties F2

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 Option (right to buy) Options Exercise -$268K -12.8K -100% $21.00 0 Oct 29, 2024 Common Stock 12.8K $21.00 Direct F3
holding MSBI Option (right to buy) 16.8K Oct 29, 2024 Common Stock 16.8K $23.00 Direct F4
holding MSBI Option (right to buy) 8.38K Oct 29, 2024 Common Stock 8.38K $28.59 Direct F5
holding MSBI Option (right to buy) 52.3K Oct 29, 2024 Common Stock 52.3K $28.43 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $24.50 - $24.63 inclusive. The reporting person undertakes to provide to Midland States Bancorp, Inc., any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the ranges set forth in this footnote.
F2 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
F3 These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
F4 These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant.
F5 These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.
F6 These options vest in four equal annual installments beginning one year after the 10/31/2022 date of grant.