Robert B. Atwell - 24 Feb 2025 Form 4 Insider Report for NICOLET BANKSHARES INC (NIC)

Role: Director
Signature: /s/ H. Phillip Moore, Jr., as attorney-in-fact for Robert B. Atwell
Issuer symbol: NIC
Transactions as of: 24 Feb 2025
Net transactions value: -$689,038
Form type: 4
Filing time: 26 Feb 2025, 16:50:50 UTC
Previous filing: 13 Feb 2025
Next filing: 17 Apr 2025
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	$488,500	+10,000	+30%	$48.85	43,816	24 Feb 2025	Direct
transaction	NIC	Common Stock	Tax liability	$812,584	-6,898	-16%	$117.80	36,918	24 Feb 2025	Direct
transaction	NIC	Common Stock	Sale	$364,953	-3,102	-8.4%	$117.65	33,816	24 Feb 2025	Direct	F1
holding	NIC	Common Stock						297	24 Feb 2025	by Nicolet National Bank Deferred Compensation Plan For Non-employee Directors

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	-10,000	-12%	$0.000000	75,000	24 Feb 2025	Common Stock	10,000	$48.85	Direct	F2

* 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 $117.220 to $117.985, inclusive. Mr. Atwell 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 nonqualified options fully vested as of May 16, 2022. The non-qualified options are exercisable as to 75,000 shares as of the date of this report.

Content

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.220 to $117.985, inclusive. Mr. Atwell 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.

The nonqualified options fully vested as of May 16, 2022. The non-qualified options are exercisable as to 75,000 shares as of the date of this report.