Eric J. Witczak - 27 Aug 2025 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
27 Aug 2025
Net transactions value
-$345,402
Form type
4
Filing time
28 Aug 2025, 15:06:02 UTC
Previous filing
27 Aug 2025
Next filing
20 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Witczak Eric James EVP & Secretary C/O NICOLET NATIONAL BANK, 111 NORTH WASHINGTON STREET, GREEN BAY /s/ H. Phillip Moore, Jr., as attorney-in-fact for Eric J. Witczak 28 Aug 2025 0001667436

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NIC Common Stock Options Exercise $352,500 +5,000 +17% $70.50 33,901 27 Aug 2025 Direct
transaction NIC Common Stock Tax liability $476,503 -3,412 -10% $139.66 30,489 27 Aug 2025 Direct
transaction NIC Common Stock Sale $221,399 -1,588 -5.2% $139.42 28,901 27 Aug 2025 Direct F1, F2
holding NIC Common Stock 6,783 27 Aug 2025 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 -5,000 -33% $0.000000 10,000 27 Aug 2025 Common Stock 5,000 $70.50 Direct F3
* 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 $139.30 to $139.64, 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 range set forth in footnote (1) to this Form 4.
F2 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 August 27, 2025. Mr. Witczak owns a total of 1,042 shares in the Employee Stock Purchase Plan as of the date of this report.
F3 The nonqualified stock option fully vested as of November 18, 2024, and is currently exercisable as to all remaining 10,000 shares.