Form 4: Midland States Bancorp COO Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Midland States Bancorp's SVP and Chief Operating Officer, Kyle Mooney, reported the sale of 2,808 shares of common stock at $22.67 per share, executed under a Rule 10b5-1 plan.
Summary
- Kyle Owen Mooney, SVP Chief Operating Officer of Midland States Bancorp, Inc. (MSBI), sold 2,808 shares of common stock.
- The transaction occurred on January 28, 2026, at a price of $22.67 per share.
- Following the sale, Mooney directly beneficially owns 14,207 shares of common stock.
- The sale was conducted pursuant to a Rule 10b5-1 pre-arranged trading plan, indicating it was not based on new material non-public information.
- Mooney also holds options to buy 1,198 shares at an exercise price of $28.59, exercisable since November 16, 2017, and expiring on November 16, 2026.
- Additionally, Mooney holds options to buy 5,678 shares at an exercise price of $28.43, exercisable since October 31, 2023, and expiring on October 31, 2032.
Sentiment
Score: 5
Explanation: Neutral. A routine insider sale executed under a pre-arranged 10b5-1 plan, which typically does not signal new information about the company's prospects.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Kyle Mooney granted power of attorney to Nathan D. Sturycz, Stephanie Gurgel, and Summer Moorman to handle SEC Section 16 filings (Forms 3, 4, 5) and Form 144 on his behalf. | 11/18/2025 | Streamlines compliance for insider reporting requirements, ensuring timely and accurate filings. |
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine, pre-planned insider sale and not indicative of a change in company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 11/16/2017 | Date option to buy 1,198 shares became exercisable. |
| 10/31/2023 | Date option to buy 5,678 shares became exercisable. |
| 11/18/2025 | Date Power of Attorney was executed by Kyle Mooney. |
| 01/28/2026 | Date of common stock transaction (sale of 2,808 shares). |
| 11/16/2026 | Expiration date for option to buy 1,198 shares. |
| 10/31/2032 | Expiration date for option to buy 5,678 shares. |
Recommendation
holdThe filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 plan. Such transactions are generally not considered indicative of future company performance or a change in management's outlook, thus not warranting a change in investment recommendation based solely on this filing.
Keywords
Midland States Bancorp, MSBI, Kyle Mooney, Insider Trading, Form 4, Stock Sale, Officer Transaction, 10b5-1 Plan, Common Stock
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