MICHAEL E. DANIELS - 06 Nov 2023 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
06 Nov 2023
Net transactions value
-$577,942
Form type
4
Filing time
08 Nov 2023, 19:51:32 UTC
Previous filing
23 Nov 2022
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 Options Exercise $1,028,976 +21,064 +25% $48.85 103,877 06 Nov 2023 Direct
transaction NIC Common Stock Sale $1,450,677 -19,572 -19% $74.12 84,305 06 Nov 2023 Direct F1
transaction NIC Common Stock Sale $112,616 -1,492 -1.8% $75.48 82,813 06 Nov 2023 Direct F2
transaction NIC Common Stock Options Exercise $84,559 +1,731 +2.1% $48.85 84,544 07 Nov 2023 Direct
transaction NIC Common Stock Sale $120,776 -1,631 -1.9% $74.05 82,913 07 Nov 2023 Direct
transaction NIC Common Stock Sale $7,409 -100 -0.12% $74.09 82,813 07 Nov 2023 Direct F3
holding NIC Common Stock 6,252 06 Nov 2023 By 401(k) Plan
holding NIC Common Stock 9,803 06 Nov 2023 By Spouse

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 -21,064 -9.4% $0.000000 203,936 06 Nov 2023 Common Stock 21,064 $48.85 Direct F4
transaction NIC Stock Option (Right to Buy) Options Exercise $0 -1,731 -0.85% $0.000000 202,205 07 Nov 2023 Common Stock 1,731 $48.85 Direct F5
* 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 sold in multiple transactions at prices ranging from $74.05 to $74.65, inclusive. Mr. Daniels 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 The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $75.35 to $75.7725, inclusive. Mr. Daniels 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 (2) to this Form 4.
F3 Includes an additional 167 shares acquired under the Employee Stock Purchase Plan since Mr. Daniels last Form 4 filing dated November 23, 2022. Mr. Daniels owns a total of 808 shares in the Employee Stock Purchase Plan as of the date of this report.
F4 The non-qualified stock option fully vested as of May 16, 2022, and was fully exercisable as to all 203,936 remaining shares after the November 6, 2023 exercise.
F5 The non-qualified stock option fully vested as of May 16, 2022, and is currently exercisable as to 202,205 shares.

Remarks:

Mr. Daniels is currently effectuating certain actions as part of his estate planning process, and may elect to exercise 100,000 fully vested non-qualified stock options through broker-assisted cashless exercises for these estate planning purposes. Mr. Daniels anticipates having 125,000 remaining fully vested non-qualified stock options available from his original grant of 225,000 shares dated May 16, 2017, after the broker-assisted cashless exercises are complete.