MICHAEL E. DANIELS - 14 Nov 2022 Form 4 Insider Report for NICOLET BANKSHARES INC (NIC)

Role: President & CEO, Director
Signature: /s/ H. Phillip Moore, Jr., as attorney-in-fact for Michael E. Daniels
Issuer symbol: NIC
Transactions as of: 14 Nov 2022
Net transactions value: +$172,343
Form type: 4
Filing time: 16 Nov 2022, 16:33:48 UTC
Previous filing: 26 May 2022
Next filing: 23 Nov 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	Tax liability	$22,909	-283	-0.35%	$80.95	80,541	14 Nov 2022	Direct	F1
transaction	NIC	Common Stock	Award	$218,565	+2,700	+3.4%	$80.95	83,241	14 Nov 2022	Direct	F2
transaction	NIC	Common Stock	Tax liability	$23,314	-288	-0.35%	$80.95	82,953	14 Nov 2022	Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Shares withheld to satisfy tax obligation of vested restricted stock.
F2	Restricted shares awarded November 14, 2022. Awarded shares will vest as follows: 1/3 immediate, 1/3 on November 14, 2023, and 1/3 on November 14, 2024.
F3	Includes an additional 86 shares acquired under the Employee Stock Purchase Plan since Mr. Daniels last Form 4 filing dated May 26, 2022. Mr. Daniels owns a total of 641 shares in the Employee Stock Purchase Plan as of the date of this report.