NBHC (NBHC) officer granted 3,250 restricted shares in equity award

Rhea-AI Filing Summary

Sznewajs Daniel L reported acquisition or exercise transactions in this Form 4 filing.

National Bank Holdings Corp reported that Chief Corporate Development Officer and Treasurer Daniel L. Sznewajs received a grant of 3,250 shares of restricted common stock as equity compensation. The award was made at no cash cost to him and is tied to continued service.

The restricted stock was granted under the National Bank Holdings Corporation 2023 Omnibus Incentive Plan and will vest in equal portions on April 28, 2027, April 28, 2028, and April 28, 2029, if he remains employed through each vesting date. Following the grant, he directly holds 5,803 common shares, including 5,520 shares of restricted stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sznewajs Daniel L

Role CHIEF CORP DEV OFFICER & TREAS

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,250	$0.00	--

Holdings After Transaction: Common Stock — 5,803 shares (Direct)

Footnotes (1)

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. This transaction represents a grant of restricted stock by the Issuer. Therefore, no consideration other than the value of services rendered was paid. Includes 5,520 shares of restricted common stock

Form 4 Insider Transactions: What Each Field Means →

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^*

Sznewajs Daniel L

(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 CORP DEV OFFICER & TREAS

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		3,250(1)	A	$0(2)	5,803(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 5,520 shares of restricted common stock

	/s/ Daniel Sznewajs	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 executive Daniel Sznewajs report on this Form 4?

Daniel L. Sznewajs reported receiving a grant of 3,250 shares of restricted common stock from National Bank Holdings Corp. The award is part of his equity compensation and was not an open-market purchase or sale of shares.

Is the NBHC Form 4 transaction by Daniel Sznewajs a stock purchase or a compensation award?

The transaction is a compensation-related award of restricted stock, not a stock market purchase. The shares were granted by National Bank Holdings Corp in exchange for services under its 2023 Omnibus Incentive Plan.

When do the restricted NBHC shares granted to Daniel Sznewajs vest?

The restricted shares vest ratably on April 28, 2027, April 28, 2028, and April 28, 2029. Vesting is contingent on his continued service with National Bank Holdings Corp through each applicable vesting date.

How many NBHC shares does Daniel Sznewajs hold after this restricted stock grant?

After the grant, Daniel L. Sznewajs directly holds 5,803 shares of National Bank Holdings Corp common stock. This total includes 5,520 shares of restricted common stock as disclosed in the filing footnotes.

Did Daniel Sznewajs pay cash for the NBHC restricted stock reported on this Form 4?

No cash was paid for the shares. The filing states the transaction is a grant of restricted stock and that no consideration other than the value of services rendered was provided for the award.

Under which plan was the NBHC restricted stock granted to Daniel Sznewajs?

The award was granted under the National Bank Holdings Corporation 2023 Omnibus Incentive Plan. This plan provides equity-based compensation, including restricted stock, to align executives’ interests with the long-term performance of National Bank Holdings Corp.