Form 4: First Busey Corp Director Kevin Rauckman Reports Acquisition of Shares Following Merger with CrossFirst Bankshares

Director Kevin Rauckman reports acquiring shares of First Busey Corp common and preferred stock due to the merger with CrossFirst Bankshares.

Summary

• Kevin Rauckman, a director of First Busey Corp, reported changes in beneficial ownership of company stock following the merger with CrossFirst Bankshares.
• The transactions occurred on March 1, 2025, and involved the acquisition of common stock and Series A Non-Cumulative Perpetual Preferred Stock.
• These acquisitions resulted from the merger agreement where CrossFirst merged into First Busey Corp.
• Rauckman acquired 12,551 shares of common stock, 5,403 shares of common stock related to restricted stock awards, and 250 shares of Series A preferred stock due to the merger.
• The price per share for these acquisitions is listed as $0.
• Following these transactions, Rauckman directly owns 17,954 shares of common stock and indirectly owns 24,909 shares of common stock and 250 shares of Series A preferred stock through the Kevin S. Rauckman Trust.

Sentiment

Score: 7

Explanation: The document reflects a neutral to slightly positive sentiment as it reports the completion of a merger and subsequent acquisition of shares by a director, indicating confidence in the combined entity.

Positives

• The merger with CrossFirst Bankshares has resulted in an increase in the holdings of First Busey Corp stock for Director Kevin Rauckman.

Future Outlook

The document does not contain specific forward-looking statements beyond the completion of the merger.

Industry Context

This announcement reflects ongoing consolidation within the banking sector, where mergers and acquisitions are used to achieve economies of scale and expand market presence.

Stakeholder Impact

• Shareholders of CrossFirst Bankshares received shares of First Busey Corp as part of the merger agreement.
• The merger could potentially impact employees of both First Busey Corp and CrossFirst Bankshares, although the specifics are not detailed in this document.

Key Dates