Sec Form 4 Filing - McRae Eric S @ FIRST MID BANCSHARES, INC. - 2025-07-02

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person McRae Eric S 2. Issuer Name and Ticker or Trading Symbol FIRST MID BANCSHARES, INC. [ FMBH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP, Chief Lending Officer (Last) (First) (Middle) 1421 CHARLESTON AVE 3. Date of Earliest Transaction (MM/DD/YY) 07/02/2025 (Street) MATTOON, IL61938 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Common Stock 07/02/2025 A 105.9295 ( 1 ) A $ 38.966 7,871.4761 I By Deferred Compensation Plan Common Stock 31,623.2766 D Common Stock 4,473.7565 I By 401k Plan Common Stock 2,601.7223 I By Ira

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Series B 9% Non-cumulative Perpetual Convertible Preferred ( 2 ) ( 2 ) ( 2 ) Common Stock 0 0 D Series B 9% Non-cumulative Perpetual Convertible Preferred ( 2 ) ( 2 ) ( 2 ) Common Stock 0 0 I By Ira Series C 8% Non-cumulative Perpetual Convertible Preferred ( 3 ) ( 3 ) ( 3 ) Common Stock 0 0 I By Ira Stock Option $ 20.67 ( 4 ) 12/16/2013 Common Stock 0 0 D Stock Option $ 27.33 ( 5 ) 12/14/2014 Common Stock 0 0 D Stock Option $ 26.1 ( 6 ) 12/11/2017 Common Stock 0 0 D Stock Option $ 23 ( 7 ) 12/16/2018 Common Stock 0 0 D Stock Option $ 12.11 01/01/2007 12/16/2012 Common Stock 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other McRae Eric S 1421 CHARLESTON AVE MATTOON, IL61938 EVP, Chief Lending Officer Signatures /s/ Matthew K. Smith, attorney-in-fact for Mr. McRae 07/03/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The shares were acquired via the planned quarterly purchase under the Company's Deferred Compensation Plan. ( 2 )Each share of the Series B Convertible Preferred Stock (i) is convertible at any time into 231.267 shares of common stock and cash in lieu of any fractional share of common stock, subject to certain adjustments, (ii) is convertible at First Mid-Illinois Bancshares' option under certain circumstances, and (iii) has no expiration date. ( 3 )Each share of Series C Convertible Preferred Stock (i) is convertible at any time into 246.427 shares of common stock and cash in lieu of any fractional share of common stock, subject to certain adjustments, (ii) is convertible at First Mid-Illinois Bancshares' option under certain circumstances, (iii) has no expiration date. ( 4 )Options become exercisable in four equal annual installments beginning 1/1/2005. ( 5 )Options become exercisable in four equal annual installments beginning 1/1/2006 ( 6 )Options become exercisable in four equal annual installments beginning 1/1/2009 ( 7 )Options become exercisable in 4 equal annual installments beginning on 01/01/2010.

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).

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