NBHC Form 4: Director withheld 696 shares for taxes at $37.20

National Bank Holdings Corp reported a routine insider transaction on Form 4.

Rhea-AI Filing Summary

National Bank Holdings Corp reported a routine insider transaction on Form 4. A director had 696 shares withheld under code F to cover taxes upon vesting of a restricted stock award, at a price of $37.20 on 10/27/2025.

Following the transaction, the insider directly beneficially owns 41,877 shares. The withholding relates to a portion of a restricted stock award granted on 04/30/2025.

Insider Trade Summary

Exercise Price or Tax Liability: 696 shares

Exercise Price or Tax Liability 1 txn

Insider Spring Maria F

Role Director

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	696	$37.20	$26K

Holdings After Transaction: Common Stock — 41,877 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld for payment of tax liability upon vesting of a portion of the restricted stock award granted to the reporting person on 04/30/2025, which was previously reported in Table I of reporting person's Form 4 filed on 05/01/2025.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NBHC (NBHC) disclose in this Form 4?

A director reported a tax withholding transaction (code F) of 696 shares at $37.20 on 10/27/2025.

Who is the reporting person and their role at NBHC?

The filing is signed by Maria F. Spring, and the relationship indicated is Director.

Why were the NBHC shares withheld?

They were withheld to pay taxes upon vesting of a portion of a restricted stock award granted on 04/30/2025.

How many NBHC shares does the insider own after the transaction?

The insider directly beneficially owns 41,877 shares after the transaction.

What was the transaction code and price per share?

Transaction code F (tax withholding) at $37.20 per share.

Is the ownership direct or indirect after this transaction?

The filing shows Direct (D) ownership of 41,877 shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/29/2025 - 06:02 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Spring Maria F

(Last) (First) (Middle)

7800 EAST ORCHARD ROAD

SUITE 300

(Street)

GREENWOOD VILLAGE CO 80111

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/27/2025

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

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

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

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	10/27/2025		F		696(1)	D	$37.2	41,877	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. Represents shares withheld for payment of tax liability upon vesting of a portion of the restricted stock award granted to the reporting person on 04/30/2025, which was previously reported in Table I of reporting person's Form 4 filed on 05/01/2025.

	/s/ Maria F. Spring	10/29/2025
	** 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.