MICHAEL E. DANIELS - 20 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: 20 Nov 2023
Net transactions value: +$58,268
Form type: 4
Filing time: 22 Nov 2023, 17:21:03 UTC
Previous filing: 16 Nov 2023
Next filing: 11 Dec 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	Award	$109,472	+1,410	+1.7%	$77.64	83,800	20 Nov 2023	Direct	F1
transaction	NIC	Common Stock	Tax liability	$17,158	-221	-0.26%	$77.64	83,579	20 Nov 2023	Direct	F2
transaction	NIC	Common Stock	Tax liability	$34,046	-451	-0.54%	$75.49	83,128	22 Nov 2023	Direct	F3, F4
holding	NIC	Common Stock						6,252	20 Nov 2023	By 401(k) Plan
holding	NIC	Common Stock						9,803	20 Nov 2023	By Spouse

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

Explanation of Responses:

Id	Content
F1	Restricted shares awarded November 20, 2023. Awarded shares will vest as follows: 1/3 immediate, 1/3 on November 20, 2024, and 1/3 on November 20, 2025.
F2	Shares withheld to satisfy tax obligation of 1/3 immediate vest of restricted stock granted November 20, 2023.
F3	Shares withheld to satisfy tax obligation of vested restricted stock.
F4	Includes shares acquired under the Employee Stock Purchase Plan. Mr. Daniels has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on November 16, 2023. Mr. Daniels owns a total of 808 shares in the Employee Stock Purchase Plan as of the date of this report.