Marcia M. Anderson - 21 Oct 2025 Form 4 Insider Report for NICOLET BANKSHARES INC (NIC)

Role: Director
Signature: /s/ H. Phillip Moore, Jr., as attorney-in-fact for Marcia M. Anderson
Issuer symbol: NIC
Transactions as of: 21 Oct 2025
Net transactions value: +$504
Form type: 4
Filing time: 03 Nov 2025, 17:02:43 UTC
Previous filing: 17 Jul 2025
Next filing: 05 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Anderson Marcia M	Director	C/O NICOLET NATIONAL BANK, 111 N. WASHINGTON STREET, GREEN BAY	/s/ H. Phillip Moore, Jr., as attorney-in-fact for Marcia M. Anderson	03 Nov 2025	0001731849

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NIC	Common Stock	Award	$504	+4	+0.97%	$129.40	404	21 Oct 2025	by Nicolet National Bank Deferred Compensation Plan For Non-employee Directors	F1, F2
holding	NIC	Common Stock						2,576	21 Oct 2025	Direct

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

Explanation of Responses:

Id	Content
F1	Ms. Anderson acquired 3.898 shares in the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring a portion of her third quarter 2025 earned board fees.
F2	Includes 0.957 share received as dividend reinvestment in the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors from Nicolet Bankshares, Inc. paid cash dividend on September 15, 2025.