Eric J. Witczak - 14 Dec 2023 Form 4 Insider Report for NICOLET BANKSHARES INC (NIC)

Role: EVP & Secretary
Signature: /s/ H. Phillip Moore, Jr., as attorney-in-fact for Eric J. Witczak
Issuer symbol: NIC
Transactions as of: 14 Dec 2023
Net transactions value: -$574,030
Form type: 4
Filing time: 18 Dec 2023, 18:08:55 UTC
Previous filing: 22 Nov 2023
Next filing: 23 Jan 2024
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	$132,361	+3,560	+8.6%	$37.18	44,953	14 Dec 2023	Direct
transaction	NIC	Common Stock	Sale	$295,053	-3,560	-7.9%	$82.88	41,393	14 Dec 2023	Direct	F1
transaction	NIC	Common Stock	Options Exercise	$349,009	+9,387	+23%	$37.18	50,780	15 Dec 2023	Direct
transaction	NIC	Common Stock	Sale	$760,347	-9,387	-18%	$81.00	41,393	15 Dec 2023	Direct	F2, F3
holding	NIC	Common Stock						6,783	14 Dec 2023	By 401(k) Plan

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	-3,560	-24%	$0.000000	11,440	14 Dec 2023	Common Stock	3,560	$37.18	Direct	F4
transaction	NIC	Stock Option (Right to Buy)	Options Exercise	$0	-9,387	-82%	$0.000000	2,053	15 Dec 2023	Common Stock	9,387	$37.18	Direct	F4

* 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 $82.70 to $83.07, inclusive. The reporting person 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 were sold in multiple transactions at prices ranging from $81.00 to $81.13, inclusive. The reporting person 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 shares acquired under the Employee Stock Purchase Plan. Mr. Witczak has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on November 22, 2023. Mr. Witczak owns a total of 834 shares in the Employee Stock Purchase Plan as of the date of this report.
F4	The non-qualified stock option was fully vested as of September 20, 2021. The non-qualified stock option is currently exercisable as to all 2,053 vested options.