Patrick Joseph Madson - 22 Nov 2021 Form 4 Insider Report for NICOLET BANKSHARES INC (NIC)

Role: SVP-Wealth Mgmt-NicoletNatBank
Signature: /s/ H. Phillip Moore, Jr., as attorney-in-fact for Patrick Madson
Issuer symbol: NIC
Transactions as of: 22 Nov 2021
Net transactions value: +$44,731
Form type: 4
Filing time: 24 Nov 2021, 12:10:18 UTC
Previous filing: 22 Nov 2021
Next filing: 08 Dec 2021
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	$50,076	+684	+10%	$73.21	7,481	22 Nov 2021	Direct	F1
transaction	NIC	Common Stock	Tax liability	$5,344	-73	-0.98%	$73.21	7,408	22 Nov 2021	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Restricted shares awarded November 22, 2021. Awarded shares will vest as follows: 1/3 immediate, 1/3 on November 22, 2022, and 1/3 on November 22, 2023.
F2	Shares withheld to satisfy the tax obligation of restricted stock vesting.
F3	Includes Mr. Madson's 488 shares owned in the Employee Stock Purchase Plan. Mr. Madson has not acquired additional shares under the Employee Stock Purchase Plan since his previous Form 4 filing, November 22, 2021.