Spring Donald J. - Dec 13, 2023 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
Chief Accounting Officer
Signature
/s/Donald J Spring
Stock symbol
MSBI
Transactions as of
Dec 13, 2023
Transactions value $
-$11,675
Form type
4
Date filed
12/14/2023, 11:17 AM
Previous filing
Nov 13, 2023
Next filing
Dec 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSBI Common Stock Options Exercise $49.3K +2.35K +17.78% $21.00 15.6K Dec 13, 2023 Direct
transaction MSBI Common Stock Sale -$61K -2.35K -15.1% $25.97 13.2K Dec 13, 2023 Direct
holding MSBI Series A Preferred Depositary Shares 800 Dec 13, 2023 Direct

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 $0 -2.35K -100% $0.00* 0 Dec 13, 2023 Common Stock 2.35K $21.00 Direct F1, F2
holding MSBI Option (right to buy) 3.03K Dec 13, 2023 Common Stock 3.03K $23.00 Direct F2
holding MSBI Option (right to buy) 1.4K Dec 13, 2023 Common Stock 1.4K $28.59 Direct F2
holding MSBI Option (right to buy) 5.2K Dec 13, 2023 Common Stock 5.2K $28.43 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a transaction executed pursuant to a Rule 10b5-1 trading plan, a copy of which is on file with the issuer and will be provided to the SEC upon request.
F2 These options vest in four equal annual installments beginning one year after the date of grant.
F3 These options vest in four equal annual installments beginning one year after the 10/31/2022 date of grant.