Brad V Hutjens - 05 Jan 2022 Form 4 Insider Report for NICOLET BANKSHARES INC (NIC)

Role: EVP - CCO - Nicolet Natl Bank
Signature: /s/ H. Phillip Moore, Jr., as attorney-in-fact for Brad V. Hutjens
Issuer symbol: NIC
Transactions as of: 05 Jan 2022
Net transactions value: +$33,000
Form type: 4
Filing time: 07 Jan 2022, 12:45:43 UTC
Previous filing: 24 Nov 2021
Next filing: 23 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NIC	Common Stock	Options Exercise	$33,000	+2,000	+9.2%	$16.50^*	23,793	05 Jan 2022	Direct	F1
holding	NIC	Common Stock						1,818	05 Jan 2022	By 401(k) Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NIC	Stock Option (Right to Buy)	Options Exercise	$0	-2,000	-100%	$0.000000^*	0	05 Jan 2022	Common Stock	2,000	$16.50	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes Mr. Hutjens 278 shares owned in the Employee Stock Purchase Plan. Mr. Hutjens has not acquired additional shares under the Employee Stock Purchase Plan since his previous Form 4 filing, November 24, 2021.
F2	Mr. Hutjens exercised the remaining 2,000 fully vested and exercisable shares under this stock option award. This option award is now fully exercised. The original option award was as follows: 5,000 options granted April 10, 2012 and would vest in ten annual installments of 500 shares annually on April 10 of each year, beginning April 10, 2012 and fully vest April 10, 2021.