Aldis Birkans - 12 Dec 2022 Form 4 Insider Report for National Bank Holdings Corp (NBHC)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Aldis Birkans
Issuer symbol: NBHC
Transactions as of: 12 Dec 2022
Net transactions value: -$39,320
Form type: 4
Filing time: 14 Dec 2022, 20:28:45 UTC
Previous filing: 02 May 2022
Next filing: 03 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NBHC	Common Stock	Options Exercise	$63,858	+3,530	+13%	$18.09	31,084	12 Dec 2022	Direct	F1
transaction	NBHC	Common Stock	Tax liability	$103,178	-2,373	-7.6%	$43.48	28,711	12 Dec 2022	Direct

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	NBHC	Employee Stock Option (Right to Buy)	Options Exercise	$0	-3,530	-100%	$0.000000^*	0	12 Dec 2022	Common Stock	3,530	$18.09	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Includes 340 shares acquired under the National Bank Holdings Corporation Employee Stock Purchase Plan on August 31, 2022.
F2	Time-vested stock option award. Award vested in two equal annual installments, the first of which occurred on May 2, 2016.