Eric J. Witczak - Dec 14, 2023 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
Stock symbol
NIC
Transactions as of
Dec 14, 2023
Transactions value $
-$574,030
Form type
4
Date filed
12/18/2023, 06:08 PM
Previous filing
Nov 22, 2023
Next filing
Jan 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NIC Common Stock Options Exercise $132K +3.56K +8.6% $37.18 45K Dec 14, 2023 Direct
transaction NIC Common Stock Sale -$295K -3.56K -7.92% $82.88 41.4K Dec 14, 2023 Direct F1
transaction NIC Common Stock Options Exercise $349K +9.39K +22.68% $37.18 50.8K Dec 15, 2023 Direct
transaction NIC Common Stock Sale -$760K -9.39K -18.49% $81.00 41.4K Dec 15, 2023 Direct F2, F3
holding NIC Common Stock 6.78K Dec 14, 2023 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 -3.56K -23.73% $0.00 11.4K Dec 14, 2023 Common Stock 3.56K $37.18 Direct F4
transaction NIC Stock Option (Right to Buy) Options Exercise $0 -9.39K -82.05% $0.00 2.05K Dec 15, 2023 Common Stock 9.39K $37.18 Direct F4
* 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 $82.70 to $83.07, 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 ranges set forth in footnote (1) to this Form 4.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.00 to $81.13, 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 ranges set forth in footnote (2) to this Form 4.
F3 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 November 22, 2023. Mr. Witczak owns a total of 834 shares in the Employee Stock Purchase Plan as of the date of this report.
F4 The non-qualified stock option was fully vested as of September 20, 2021. The non-qualified stock option is currently exercisable as to all 2,053 vested options.