Susan L. Merkatoris - 02 Nov 2023 Form 4 Insider Report for NICOLET BANKSHARES INC (NIC)

Role: Director
Signature: /s/ H. Phillip Moore, Jr., as attorney-in-fact for Susan L. Merkatoris
Issuer symbol: NIC
Transactions as of: 02 Nov 2023
Net transactions value: -$225,450
Form type: 4
Filing time: 06 Nov 2023, 16:00:14 UTC
Previous filing: 18 May 2023
Next filing: 16 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NIC	Common Stock	Sale	$225,450	-3,000	-2.9%	$75.15	99,598	02 Nov 2023	Direct	F1

* 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 $74.905 to $75.440, inclusive. Ms. Merkatoris 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 range set forth in footnote (1) to this Form 4.

Content

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.905 to $75.440, inclusive. Ms. Merkatoris 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 range set forth in footnote (1) to this Form 4.

Remarks:

Ms. Merkatoris is intending to sell up to 15,000 shares over a period of time to fund construction of a second home. Ms. Merkatoris anticipates that she will continue to own more than 85,000 shares of Nicolet Bankshares, Inc. common stock following the completion of these sales.