Midland States Bancorp MSBI Insider Ownership

NASDAQ MSBI

$31.80 -0.42 (-1.30%)

At close: Oct 19, 2026 · 4:00 PM EDT

Insider Holdings by Owner

958.40K Shares

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

4.89%

▼-0.026% pp QoQ

Shares Held by Insiders

1.03Mn

filed for Sep 2026

▼-0.53% QoQ

Shares Outstanding

21.07Mn

21,074,683 shares

Direct Holdings

849.32K

Indirect: 181.53K

Net Shares Traded (QoQ)

-5.50K

net selling 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 —

Shares Purchased/Sold by Insiders

Bought Sold

Latest quarter —

Net over range —

Buying quarters —

Insider Ownership Summary

Updated Oct 10, 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 104.75K shares in stock awards, acquired 11.98K shares through option exercises and conversions and gave up 8.95K 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 1.92% from 1.04Mn shares at the end of Q2 2026 and up 12.50% from 903.54K shares at the end of Q3 2025.
Of the 1.02Mn shares held by Midland States Bancorp insiders, 834.94K shares (82.14%) are held directly and 181.53K shares (17.86%) 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, 400.97K shares), Robert F. Schultz (Director, 102.71K shares) and Jerry L. McDaniel (Director, 98.99K shares).
Jeffrey G. Ludwig holds 39.45% of the combined insider position in Midland States Bancorp.
Institutional investors held 69.08% of Midland States Bancorp stock at the end of Q2 2026, while the latest Form 4 filings of its insiders account for about 4.82%; other investors, including the public, hold roughly 26.10%.
In the last 12 months, 69 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 October 1, 2026.

Form 4 Holdings

Insiders Holding MSBI

Insiders 22

Shares held 958.40K

Of outstanding 4.55%

#	Insider	Position	Direct	Indirect	Total	Share of Insiders	Last Filed
1	Jeffrey G. Ludwig	President Ceo	400,971	0	400,971	41.8%	29 Jul, 2026
2	Jeffrey S. Mefford	President	77,211	0	77,211	8.1%	10 Nov, 2025
3	Jeremy Andrew Jameson	Evp Chief Credit Officer	63,213	0	63,213	6.6%	02 Jul, 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	3.6%	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	28,827	0	28,827	3.0%	01 Oct, 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	2.8%	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	13,610	0	13,610	1.4%	09 Sep, 2026
16	Donald J. Spring	Chief Accounting Officer	10,682	0	10,682	1.1%	10 Nov, 2025
17	Travis Franklin	Director	9,400	0	9,400	1.0%	06 May, 2026
18	Jennifer Dimotta	Director	8,244	0	8,244	0.9%	01 Jul, 2026
19	Claire Ann Stack	Evp Chief Financial Officer	7,998	0	7,998	0.8%	12 May, 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

1,785 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
30 Sep, 2026	Daniel Edward Casey	Crof	Acquired A	356	$28.23	$10.05K	28,827	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	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	Jeffrey C. Smith	Director	Acquired A	238	$33.38	$7.95K	9,763	Direct
30 Sep, 2026	Gerald Joseph Carlson	Director	Acquired A	466	$32.16	$15.00K	14,003	Direct
30 Sep, 2026	Travis Franklin	Director	Acquired A	412	$32.16	$13.25K	12,411	Direct
30 Sep, 2026	Jeffrey M Mcdonnell	Director	Acquired A	282	$33.38	$9.43K	19,401	Direct
30 Sep, 2026	Jeffrey C. Smith	Director	Acquired A	212	$32.16	$6.81K	9,975	Direct
30 Sep, 2026	Richard Dean Bingham	Director	Acquired A	341	$33.38	$11.37K	23,470	Direct
30 Sep, 2026	Robert F. Schultz	Director	Acquired A	1,188	$33.38	$39.66K	112,216	Direct
30 Sep, 2026	Jerry L. Mcdaniel	Director	Acquired A	396	$33.38	$13.22K	38,406	Direct
30 Sep, 2026	Robert F. Schultz	Director	Acquired A	5	$32.16	$170	112,221	Direct
08 Sep, 2026	Kyle Owen Mooney	Svp Chief Operating Officer	Acquired M	2,400	$28.43	$68.23K	16,010	Direct
08 Sep, 2026	Kyle Owen Mooney	Svp Chief Operating Officer	Disposed S	2,400	$33.33	$79.99K	13,610	Direct
08 Sep, 2026	Kyle Owen Mooney	Svp Chief Operating Officer	Disposed M	2,400	$0.00	$0	3,278	Direct
18 Aug, 2026	Kyle Owen Mooney	Svp Chief Operating Officer	Disposed S	489	$33.16	$16.22K	13,610	Direct
04 Aug, 2026	Kyle Owen Mooney	Svp Chief Operating Officer	Disposed F	58	$34.53	$2.00K	14,149	Direct
05 Aug, 2026	Kyle Owen Mooney	Svp Chief Operating Officer	Disposed F	50	$34.24	$1.71K	14,099	Direct

Showing 1 to 20 of 1,785 transactions