Ann K. Lawson - May 11, 2021 Form 4 Insider Report for NICOLET BANKSHARES INC (NIC)

Role: Director & CFO, Director
Signature: /s/ Ann K. Lawson
Stock symbol: NIC
Transactions as of: May 11, 2021
Transactions value $: -$6
Form type: 4
Date filed: 5/13/2021, 04:30 PM
Next filing: May 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NIC	Common Stock	Options Exercise	$45K	+2.73K	+9.36%	$16.50^*	31.8K	May 11, 2021	Direct
transaction	NIC	Common Stock	Tax liability	-$45K	-567	-1.78%	$79.31	31.3K	May 11, 2021	Direct	F1, F2
holding	NIC	Common Stock						800	May 11, 2021	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	-2.73K	-100%	$0.00^*	0	May 11, 2021	Common Stock	2.73K	$16.50	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Option exercise cost was covered through a stock swap transaction.
F2	Includes 8 additional shares acquired under the Employee Stock Purchase Plan since the reporting person's last Form 4 filing on April 12, 2021. The reporting person owns a total of 130 shares in the Employee Stock Purchase Plan as of the date of this report.
F3	The stock option is fully exercised as of the date of this report.