SEC Form 4 · accession 0001466026-26-000072
Midland States Bancorp, Inc. · MSBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey G. Ludwig
Officer — President & CEO · Director
Period of report
Jul 28, 2026
Accepted (ET)
Jul 29, 2026 · 5:08 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001466026
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 28, 2026 | M | 8,383 | $28.59 | A | 409,354 | D | |
| Common Stock | Jul 28, 2026 | S | 8,383 | $34.0001 | D | 400,971 | D | |
| Common StockF1 | holding | — | — | — | 11,569 | I | JQ Properties |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F2 | $28.59 | Jul 28, 2026 | M | 8,383 | D | — | Nov 16, 2026 | Common Stock | 8,383 | 0 | D |
| Option (right to buy)F3 | $28.43 | holding | — | — | — | — | Oct 31, 2032 | Common Stock | 52,291 | 52,291 | D |
Explanation of responses
- F1The 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
- F2These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.
- F3These options vest in four equal annual installments beginning one year after the 10/31/2022 date of grant.