Midland States Bancorp MSBI Insider Ownership

NASDAQ MSBI

$31.72 +0.12 (+0.38%)

At close: Nov 6, 2026 · 4:00 PM EST

Insider Holdings by Owner

964.40K Shares

Jeffrey G. Ludwig402.62K41.7%

Jeffrey S. Mefford77.21K8.0%

Jeremy Andrew Jameson64.64K6.7%

Jerry L. Mcdaniel49.70K5.2%

Douglas J. Tucker43.36K4.5%

Other insiders (17)326.87K33.9%

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

4.88%

▼-0.039% pp QoQ

Shares Held by Insiders

1.03Mn

filed for Sep 2026

▼-0.53% QoQ

Shares Outstanding

21.13Mn

21,128,351 shares

Direct Holdings

849.32K

Indirect: 181.53K

Net Open-Market Trades

-12.47K

net sold · -$421.38K in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Open-Market Insider Trades

Bought Sold

Latest quarter —

Net over range —

Net-buying quarters —

Insider Ownership Summary

Updated Nov 5, 2026

Over the past 12 months, Midland States Bancorp insiders bought $534,105 of stock on the open market (25.5K shares) and sold $485,032 (15.28K shares).

A count shows 5 insiders buying MSBI stock on the open market over the past 12 months and 2 insiders selling.
Among Midland States Bancorp insiders, Travis Franklin (Director) led open-market buying over the past 12 months with $248,988 of purchases (9.4K shares); the latest was on May 5, 2026.
On the selling side, Jeffrey G. Ludwig (President & CEO) was the top open-market seller of Midland States Bancorp over the past 12 months, with $285,023 sold (8.38K shares) and the latest sale on July 28, 2026.
Kyle Owen Mooney (SVP & Chief Operating Officer) made the most recent open-market trade by an insider of Midland States Bancorp, a sale of 2.4K shares for $79,992 on September 8, 2026.
Away from the open market, MSBI insiders received 26.02K shares in stock awards, acquired 11.98K shares through option exercises and conversions and gave up 13.38K shares to cover taxes or exercise prices over the last 12 months.
According to Business Quant data, insiders at Midland States Bancorp reported 1.02Mn shares in total in their latest Form 4 filings, down 1.34% from 1.04Mn shares at the end of Q2 2026 and up 13.16% from 903.54K shares at the end of Q3 2025.
Of the 1.02Mn shares held by Midland States Bancorp insiders, 840.94K shares (82.25%) are held directly and 181.53K shares (17.75%) indirectly, through trusts, partnerships, family members and other entities.
Per Business Quant, 18 insiders of MSBI hold shares, counting officers, directors and 10% owners who have filed a Form 4 in the past two years.
Midland States Bancorp's three largest insider shareholders, based on their latest Form 4 filings, are Jeffrey G. Ludwig (President & CEO, 402.62K shares), Robert F. Schultz (Director, 102.71K shares) and Jerry L. McDaniel (Director, 98.99K shares).
Jeffrey G. Ludwig holds 39.38% of the combined insider position in Midland States Bancorp.
Institutional investors held 69.09% of Midland States Bancorp stock at the end of Q2 2026, while the latest Form 4 filings of its insiders account for about 4.84%; other investors, including the public, hold roughly 26.07%.
In the last 12 months, 72 Form 4 filings with transactions in MSBI stock came from 17 insiders.
These insider figures for Midland States Bancorp are based on Form 4 filings through November 4, 2026.

Form 4 Holdings

Insiders Holding MSBI

Insiders 22

Shares held 964.40K

Of outstanding 4.56%

#	Insider	Position	Direct	Indirect	Total	Share of Insiders	Last Filed
1	Jeffrey G. Ludwig	President Ceo	402,620	0	402,620	41.7%	04 Nov, 2026
2	Jeffrey S. Mefford	President	77,211	0	77,211	8.0%	10 Nov, 2025
3	Jeremy Andrew Jameson	Evp Chief Credit Officer	64,639	0	64,639	6.7%	04 Nov, 2026
4	Jerry L. Mcdaniel	Director	9,703	40,000	49,703	5.2%	01 Jul, 2026
5	Douglas J. Tucker	Svp Corporate Counsel	39,058	4,300	43,358	4.5%	07 Nov, 2024
6	Eric Lemke	Chief Financial Officer	42,119	0	42,119	4.4%	10 Nov, 2025
7	Robert F. Schultz	Director	34,715	0	34,715	3.6%	01 Jul, 2025
8	Jeffrey C. Smith	Director	34,109	0	34,109	3.5%	04 Dec, 2025
9	Jeffrey A. Brunoehler	Svp Credit Cco	31,030	0	31,030	3.2%	08 Nov, 2023
10	Daniel Edward Casey	Crof	29,478	0	29,478	3.1%	04 Nov, 2026
11	Richard Dean Bingham	Director	27,700	0	27,700	2.9%	04 Dec, 2025
12	James Randall Stewart	Chief Risk Officer	26,497	0	26,497	2.7%	09 Nov, 2022
13	Richard T Ramos	Director	21,548	0	21,548	2.2%	01 Jul, 2026
14	Deborah A Golden	Director	14,377	0	14,377	1.5%	10 Jul, 2024
15	Kyle Owen Mooney	Svp Chief Operating Officer	14,283	0	14,283	1.5%	04 Nov, 2026
16	Donald J. Spring	Chief Accounting Officer	10,682	0	10,682	1.1%	10 Nov, 2025
17	Claire Ann Stack	Evp Chief Financial Officer	9,598	0	9,598	1.0%	02 Nov, 2026
18	Travis Franklin	Director	9,400	0	9,400	1.0%	06 May, 2026
19	Jennifer Dimotta	Director	8,244	0	8,244	0.9%	01 Jul, 2026
20	Sherina M. Edwards	Director	5,660	0	5,660	0.6%	02 Jul, 2024
21	Gerald Joseph Carlson	Director	4,000	0	4,000	0.4%	07 Feb, 2025
22	Jeffrey M Mcdonnell	Director	3,432	0	3,432	0.4%	01 Jul, 2026

Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.

Form 4 Filings

1,796 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
03 Nov, 2026	Daniel Edward Casey	Crof	Disposed F	789	$33.22	$26.21K	29,478	Direct
03 Nov, 2026	Jeremy Andrew Jameson	Evp Chief Credit Officer	Disposed F	1,694	$33.22	$56.27K	64,639	Direct
03 Nov, 2026	Jeffrey G. Ludwig	President Ceo	Disposed F	2,814	$33.22	$93.48K	402,620	Direct
03 Nov, 2026	Kyle Owen Mooney	Svp Chief Operating Officer	Disposed F	645	$33.22	$21.43K	14,283	Direct
31 Oct, 2026	Kyle Owen Mooney	Svp Chief Operating Officer	Disposed F	72	$32.81	$2.36K	13,538	Direct
02 Nov, 2026	Claire Ann Stack	Evp Chief Financial Officer	Acquired A	1,600	$32.81	$52.50K	9,598	Direct
02 Nov, 2026	Jeremy Andrew Jameson	Evp Chief Credit Officer	Acquired A	3,120	$32.81	$102.37K	66,333	Direct
02 Nov, 2026	Daniel Edward Casey	Crof	Acquired A	1,440	$32.81	$47.25K	30,267	Direct
31 Oct, 2026	Jeffrey G. Ludwig	President Ceo	Disposed F	677	$32.81	$22.21K	400,294	Direct
02 Nov, 2026	Jeffrey G. Ludwig	President Ceo	Acquired A	5,140	$32.81	$168.64K	405,434	Direct
02 Nov, 2026	Kyle Owen Mooney	Svp Chief Operating Officer	Acquired A	1,390	$32.81	$45.61K	14,928	Direct
30 Sep, 2026	Daniel Edward Casey	Crof	Acquired A	356	$28.23	$10.05K	28,827	Direct
30 Sep, 2026	Jeffrey C. Smith	Director	Acquired A	238	$33.38	$7.95K	9,763	Direct
30 Sep, 2026	Travis Franklin	Director	Acquired A	117	$33.38	$3.92K	11,999	Direct
30 Sep, 2026	Jennifer Dimotta	Director	Acquired A	165	$33.38	$5.52K	11,560	Direct
30 Sep, 2026	Gerald Joseph Carlson	Director	Acquired A	133	$33.38	$4.42K	13,536	Direct
30 Sep, 2026	Richard T Ramos	Director	Acquired A	514	$33.38	$17.14K	47,472	Direct
30 Sep, 2026	Travis Franklin	Director	Acquired A	412	$32.16	$13.25K	12,411	Direct
30 Sep, 2026	Gerald Joseph Carlson	Director	Acquired A	466	$32.16	$15.00K	14,003	Direct
30 Sep, 2026	Jeffrey M Mcdonnell	Director	Acquired A	282	$33.38	$9.43K	19,401	Direct

Showing 1 to 20 of 1,796 transactions