Aldis Birkans - Apr 1, 2023 Form 4 Insider Report for National Bank Holdings Corp (NBHC)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Aldis Birkans
Stock symbol: NBHC
Transactions as of: Apr 1, 2023
Transactions value $: -$54,272
Form type: 4
Date filed: 4/4/2023, 09:37 PM
Previous filing: Mar 3, 2023
Next filing: May 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NBHC	Common Stock	Award	$0	+4.13K	+13.5%	$0.00	34.7K	Apr 1, 2023	Direct	F1
transaction	NBHC	Common Stock	Award	$0	+3.71K	+10.69%	$0.00	38.4K	Apr 1, 2023	Direct	F2
transaction	NBHC	Common Stock	Tax liability	-$54.3K	-1.62K	-4.22%	$33.46	36.8K	Apr 1, 2023	Direct	F3

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)	Award	$0	+10.2K		$0.00	10.2K	Apr 1, 2023	Common Stock	10.2K	$33.46	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Shares of restricted stock granted under the NBHC 2014 Omnibus Incentive Plan. The shares are time vesting and vest in three equal annual installments beginning on April 28, 2024.
F2	Shares of common stock acquired upon settlement of a performance stock unit award granted to the reporting person on August 5, 2020.
F3	Shares withheld to settle income tax liability on restricted stock that vested upon settlement of the above-referenced performance stock unit award on April 1, 2023.
F4	Granted under the NBHC 2014 Omnibus Incentive Plan. The stock option award is scheduled to vest in three equal annual installments beginning on April 28, 2024.