Michael E. Daniels - Nov 14, 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
Stock symbol
NIC
Transactions as of
Nov 14, 2023
Transactions value $
-$1,978,611
Form type
4
Date filed
11/16/2023, 04:26 PM
Previous filing
Nov 8, 2023
Next filing
Nov 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NIC Common Stock Tax liability -$33K -423 -0.51% $78.12 82.4K Nov 14, 2023 Direct F1
transaction NIC Common Stock Options Exercise $3.77M +77.2K +93.71% $48.85 160K Nov 14, 2023 Direct
transaction NIC Common Stock Sale -$5.72M -77.2K -48.38% $74.05 82.4K Nov 14, 2023 Direct F2, F3
holding NIC Common Stock 6.25K Nov 14, 2023 By 401(k) Plan
holding NIC Common Stock 9.8K Nov 14, 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 -77.2K -38.18% $0.00 125K Nov 14, 2023 Common Stock 77.2K $48.85 Direct F4
* 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 The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $74.05 to $74.18, 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 a total of 808 shares owned by Mr. Daniels in the Employee Stock Purchase Plan. Mr. Daniels has not acquired additional shares under the Employee Stock Purchase Plan since Mr. Daniels last Form 4 filing dated November 8, 2023.
F4 The non-qualified stock option fully vested as of May 16, 2022, and is currently exercisable as to all remaining 125,000 shares.

Remarks:

On Mr. Daniels Form 4 filed November 8, 2023, it was noted that Mr. Daniels was 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. As of the date of this report, November 16, 2023, Mr. Daniels has completed his exercise of 100,000 fully vested non-qualified stock options for his estate planning purposes and has 125,000 remaining fully vested non-qualified stock options available from his original grant of 225,000 shares dated May 16, 2017.