National Bank Holdings (NBHC) awards 189,825 restricted shares to President Aldis

Rhea-AI Filing Summary

National Bank Holdings CorpBirkans Aldis, received an award of 189,825 shares of common stock on January 7, 2026. This was a grant of restricted stock at a reported price of $0.00 per share, reflecting equity compensation rather than an open-market purchase. Following this grant, Aldis beneficially owns 246,423 common shares, including 206,207 shares of unvested restricted stock. The award consists of up to 63,275 performance-based restricted shares that may vest on December 15, 2026, and 126,550 time-based restricted shares scheduled to vest in equal installments on specified dates from March 15, 2027 through December 15, 2028, subject to continued employment.

01/09/2026 - 07:33 PM

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^*

Birkans Aldis

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026

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	01/07/2026		A		189,825(1)	A	(2)	246,423(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 under the National Bank Holdings Corporation 2023 Omnibus Incentive Plan that will vest as follows: (i) up to 63,275 of the restricted common shares shall be performance-based and vest on December 15, 2026; and (ii) the remaining 126,550 restricted common shares will vest ratably as follows: March 15, 2027, June 15, 2027, September 15, 2027, December 15, 2027, March 15, 2028, June 15, 2028, September 15, 2028 and December 15, 2028, subject to the reporting person's continued employment through each such vesting date.

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

3. Includes 206,207 shares of unvested restricted common stock.

	/s/ Angela Petrucci, Attorney-in-Fact	01/09/2026
	** 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.

FAQ

What insider transaction did NBHC report for President Birkans Aldis?

National Bank Holdings Corp reported that President Birkans Aldis received a grant of 189,825 shares of restricted common stock on January 7, 2026 as equity compensation.

What type of NBHC shares were granted to Birkans Aldis and at what price?

The award to Birkans Aldis was restricted common stock of National Bank Holdings Corp, covering 189,825 shares at a reported price of $0.00 per share, consistent with a stock grant rather than a market purchase.

How many NBHC shares does Birkans Aldis own after this Form 4 transaction?

After the reported transaction, Birkans Aldis beneficially owns 246,423 shares of National Bank Holdings Corp common stock, held in direct ownership form.

How is the NBHC restricted stock grant to Birkans Aldis structured for vesting?

The grant consists of up to 63,275 performance-based restricted shares that may vest on December 15, 2026, and 126,550 time-based restricted shares that will vest ratably on eight dates from March 15, 2027 through December 15, 2028, subject to continued employment.

How many unvested NBHC restricted shares are included in Birkans Aldis’s holdings?

The disclosure states that Aldis’s holdings include 206,207 shares of unvested restricted common stock of National Bank Holdings Corp.

Was cash consideration paid for the NBHC restricted stock granted to Birkans Aldis?

The filing explains that the transaction is a grant of restricted stock by the issuer, and that no consideration other than the value of shares rendered was paid.