Eric P. Radzak - Jan 21, 2022 Form 4 Insider Report for NICOLET BANKSHARES INC (NIC)

Role
Corp Dev Off Nicolet Nat Bank
Signature
/s/ H. Phillip Moore, Jr., as attorney-in-fact for Eric P. Radzak
Stock symbol
NIC
Transactions as of
Jan 21, 2022
Transactions value $
-$303,650
Form type
4
Date filed
1/25/2022, 04:28 PM
Previous filing
Nov 24, 2021
Next filing
May 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NIC Common Stock Options Exercise $154K +5K +286.37% $30.80 6.75K Jan 21, 2022 Direct
transaction NIC Common Stock Sale -$458K -5K -74.12% $91.53 1.75K Jan 21, 2022 Direct F1, F2

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 -5K -20% $0.00 20K Jan 21, 2022 Common Stock 5K $30.80 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.50 to $91.72, inclusive. Mr. Radzak undertakes to provide to Nicolet Bankshares, Inc., any security holder of Nicolet Bankshares, Inc., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2 Includes an additional 35 shares acquired by Mr. Radzak under the Employee Stock Purchase Plan, since Mr. Radzak's previous Form 4 filing, November 24, 2021. Mr. Radzak owns a total of 638 shares in the Employee Stock Purchase Plan as of the date of this report.
F3 The remaining 20,000 non-qualified options are fully vested and exercisable The options vested in five annual installments of 5,000 shares annually on June 17 of each year, beginning on June 17, 2016 and fully vested on June 17, 2020.