NBHC (NBHC) CFO granted 5,821 restricted shares, now holds 19,231 total

Rhea-AI Filing Summary

Van Denabeele Nicole reported acquisition or exercise transactions in this Form 4 filing.

National Bank Holdings Corp reported that its Chief Financial Officer, Nicole Van Denabeele, received a grant of 5,821 shares of restricted common stock. The award was granted as compensation, with no cash paid other than the value of services rendered.

The restricted stock was issued under the National Bank Holdings Corporation 2023 Omnibus Incentive Plan and will vest in three equal installments on April 28, 2027, April 28, 2028, and April 28, 2029, assuming continued service. Following this grant, Van Denabeele directly holds 19,231 shares of common stock, including 10,523 shares of restricted common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Van Denabeele Nicole

(Last) (First) (Middle)

7800 EAST ORCHARD ROAD

SUITE 300

(Street)

GREENWOOD VILLAGE COLORADO 80111

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
National Bank Holdings Corp [ NBHC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF FINANCIAL OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/17/2026		A		5,821(1)	A	$0(2)	19,231(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares represent an award of restricted common stock of Issuer awarded under the National Bank Holdings Corporation 2023 Omnibus Incentive Plan and will vest ratably on April 28, 2027, April 28, 2028, and April 28, 2029, subject to the associate's continued service through the applicable vesting date.

2. This transaction represents a grant of restricted stock by the Issuer. Therefore, no consideration other than the value of services rendered was paid.

3. Includes 10,523 shares of restricted common stock.

	/s/ Nicole Van Denabeele	03/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did NBHC CFO Nicole Van Denabeele report on this Form 4?

NBHC’s Chief Financial Officer, Nicole Van Denabeele, reported receiving a grant of 5,821 shares of restricted common stock. This equity award was issued as compensation and increases her direct ownership stake in National Bank Holdings Corp, aligning her interests more closely with shareholders over time.

How many NBHC shares does the CFO hold after this restricted stock grant?

After the grant, the NBHC CFO directly owns 19,231 shares of common stock. This total includes 10,523 shares of restricted common stock, reflecting both previously awarded and newly granted restricted shares that will vest over future years, subject to continued service conditions.

What are the vesting dates for the NBHC CFO’s new restricted stock award?

The 5,821 restricted shares will vest in three equal installments on April 28, 2027, April 28, 2028, and April 28, 2029. Vesting is contingent on the associate’s continued service through each applicable vesting date, encouraging long-term retention and alignment with company performance.

Was any cash paid for the NBHC CFO’s restricted stock grant reported on Form 4?

No cash was paid for this award; it is a compensation grant. The filing states the transaction represents a grant of restricted stock by the issuer, with no consideration other than the value of services rendered, which is typical for executive equity incentive awards.

Under which plan was the NBHC CFO’s restricted stock awarded and what does it imply?

The restricted shares were granted under the National Bank Holdings Corporation 2023 Omnibus Incentive Plan. This plan allows the company to issue equity-based awards to executives and employees, using stock grants as a tool for compensation, retention, and alignment with long-term shareholder value.

How many of the NBHC CFO’s shares are restricted after this transaction?

The filing notes that the CFO’s holdings include 10,523 shares of restricted common stock. This figure encompasses restricted shares from this new grant and earlier awards, all of which are subject to vesting schedules tied to continued service with National Bank Holdings Corp.