Brad V. Hutjens - Nov 20, 2023 Form 4 Insider Report for NICOLET BANKSHARES INC (NIC)

Role: EVP - CCO - Nicolet Natl Bank
Signature: /s/ H. Phillip Moore, Jr., as attorney-in-fact for Brad V. Hutjens
Stock symbol: NIC
Transactions as of: Nov 20, 2023
Transactions value $: $33,061
Form type: 4
Date filed: 11/22/2023, 05:26 PM
Previous filing: Nov 16, 2023
Next filing: Mar 6, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NIC	Common Stock	Award	$48.7K	+627	+2.4%	$77.64	26.7K	Nov 20, 2023	Direct	F1
transaction	NIC	Common Stock	Tax liability	-$5.2K	-67	-0.25%	$77.64	26.7K	Nov 20, 2023	Direct	F2
transaction	NIC	Common Stock	Tax liability	-$10.4K	-138	-0.52%	$75.49	26.5K	Nov 22, 2023	Direct	F3, F4
holding	NIC	Common Stock						1.82K	Nov 20, 2023	By 401(k) Plan

* 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. Hutjens has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on November 16, 2023. Mr. Hutjens owns a total of 595 shares in the Employee Stock Purchase Plan as of the date of this report.