Andrew F. Hetzel Jr - May 20, 2025 Form 4 Insider Report for NICOLET BANKSHARES INC (NIC)

Role: Director
Signature: /s/ H. Phillip Moore, Jr., as attorney-in-fact for Andrew F. Hetzel Jr
Stock symbol: NIC
Transactions as of: May 20, 2025
Transactions value $: $49,886
Form type: 4
Date filed: 5/21/2025, 05:37 PM
Previous filing: Apr 17, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
HETZEL ANDREW F JR	Director	C/O NICOLET NATIONAL BANK, 111 NORTH WASHINGTON STREET, GREEN BAY	/s/ H. Phillip Moore, Jr., as attorney-in-fact for Andrew F. Hetzel Jr	2025-05-21	0001243718

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NIC	Common Stock	Award	$49.9K	+404	+4.92%	$123.48	8.62K	May 20, 2025	Direct	F1
holding	NIC	Common Stock						1.75K	May 20, 2025	By Nicolet National Bank Deferred Compensation Plan For Non-employee Directors

Showing 1 to 2 of 2 entries

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

Explanation of Responses:

Id	Content
F1	The Company paid Mr. Hetzel the Board annual retainer, granted as a restricted stock award with an immediate full vest of 404 shares, as of May 20, 2025.