How many common share equivalents does Jennifer DiMotta hold in Midland States Bancorp’s DDCP?

After the transaction, Jennifer DiMotta holds 11,195.2547 common share equivalents in the DDCP. Each equivalent represents the economic value of one share of common stock and becomes payable upon her termination of service as a director, according to the plan terms.

Are the new Midland States Bancorp common share equivalents from an open-market purchase?

No, the 227.1620 common share equivalents were acquired through dividend reinvestment in the DDCP, not an open-market purchase. Dividends on existing common share equivalents were reinvested, immediately vested, and will be paid out when her board service ends.

What is a common share equivalent in Midland States Bancorp’s DDCP?

A common share equivalent in the DDCP is the economic equivalent of one share of common stock. In this case, equivalents are credited through dividend reinvestment, fully vest upon crediting, and become payable in common stock value when the director’s board service terminates.

Midland States Bancorp (MSBI) director adds stock units via DDCP

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Midland States Bancorp director Jennifer DiMotta acquired additional equity-based compensation through the company’s deferred compensation plan. She received 227.1620 common share equivalents in the DDCP on the transaction date, at a reference value of $22.9700 per equivalent.

Each common stock equivalent is the economic equivalent of one share of common stock and was credited via dividend reinvestment on existing DDCP balances, fully vesting immediately and payable upon termination of board service. After this transaction, DiMotta holds 11,195.2547 common share equivalents in the plan, 5,338.0000 common shares underlying restricted stock units, and 6,799.0000 shares of common stock directly.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider DiMotta Jennifer

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Share Equivalent	227.162	$22.97	$5K
holding	Restricted Stock Unit	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Share Equivalent — 11,195.255 shares (Direct); Restricted Stock Unit — 5,338 shares (Direct); Common Stock — 6,799 shares (Direct)

Footnotes (1)

Each common stock equivalent is the economic equivalent of one share of common stock. 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.

Key Figures

DDCP common share equivalents granted: 227.1620 equivalents at $22.9700 DDCP common share equivalents held: 11,195.2547 equivalents Restricted Stock Units underlying shares: 5,338.0000 shares +2 more

5 metrics

DDCP common share equivalents granted 227.1620 equivalents at $22.9700 Dividend reinvestment grant on 2026-03-31

DDCP common share equivalents held 11,195.2547 equivalents Balance following 2026-03-31 transaction

Restricted Stock Units underlying shares 5,338.0000 shares Common Stock underlying RSUs held directly

Common Stock held directly 6,799.0000 shares Direct ownership after reported transactions

DDCP exercise price $0.0000 Exercise price for DDCP-related common share equivalents

Key Terms

Common Share Equivalent, DDCP, Restricted Stock Unit

3 terms

DDCP financial

"Represents common share equivalents acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends received during the quarter"

Restricted Stock Unit financial

"Restricted Stock Unit, underlying security title Common Stock, underlying security shares 5338.0000"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 09:37 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DiMotta Jennifer

(Last)

(First)

(Middle)

1201 NETWORK CENTRE DRIVE

(Street)

EFFINGHAM

ILLINOIS

62401

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Midland States Bancorp, Inc. [ MSBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								6,799	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Share Equivalent	⁽¹⁾	03/31/2026		A		227.162		⁽¹⁾	⁽¹⁾	Common Stock	227.162	$22.97⁽²⁾	11,195.2547	D
Restricted Stock Unit	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	5,338		5,338	D

Explanation of Responses:

1. Each common stock equivalent is the economic equivalent of one share of common stock.

2. 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.

Remarks:

	/s/DiMotta, Jennifer	04/01/2026
	/s/Nathan D. Sturycz, attorney-in-fact	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Midland States Bancorp (MSBI) director Jennifer DiMotta report on this Form 4?

Director Jennifer DiMotta reported receiving 227.1620 common share equivalents through the DDCP. These were credited via dividend reinvestment and are economically equal to common stock, fully vesting on the transaction date and payable when her board service ends.

What other Midland States Bancorp equity holdings does Jennifer DiMotta report on this Form 4?

In addition to DDCP equivalents, Jennifer DiMotta reports 5,338.0000 common shares underlying restricted stock units and 6,799.0000 shares of common stock held directly. These figures reflect her direct equity and RSU-based exposure as of the transaction date in the filing.

Midland States Bancorp (MSBI) director adds stock units via DDCP

Rhea-AI Filing Summary

Positive