STOCK TITAN

Director of National Bank Holdings (NYSE: NBHC) receives stock grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

National Bank Holdings Corp director Alka Gupta reported routine equity compensation and related share movements. On May 7, 2026, she received a grant of 3,153 shares of restricted common stock for services, bringing her direct holdings to 4,906 shares, including the unvested award.

On May 6, 2026, 729 shares were withheld at $42.96 per share to cover tax liability upon vesting of an earlier restricted stock award. A separate entry reflects transfer of 930 shares from direct ownership into The Gupta Rastogi Family Trust, changing only the form of beneficial ownership. Following these updates, Gupta also reports 8,057 shares held indirectly through the trust, alongside her direct position.

Positive

  • None.

Negative

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Insider Gupta Alka
Role null
Type Security Shares Price Value
Grant/Award Common Stock 3,153 $0.00 --
Tax Withholding Common Stock 729 $42.96 $31K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 4,906 shares (Direct, null); Common Stock — 8,057 shares (Indirect, The Gupta Rastogi Family Trust)
Footnotes (1)
  1. Represents shares withheld for payment of tax liability upon vesting of the remainder of the restricted stock award granted to the reporting person on 04/30/2025. Reflects the transfer of 930 shares of common stock from direct ownership into the reporting person's revocable trust. As this transaction effects only a change in the form of beneficial ownership without changing the reporting person's pecuniary interest in the shares of common stock, it is exempt from section 16 pursuant to Rule 16a-13. This transaction represents a grant of restricted stock by the Issuer. Therefore, no consideration other than the value of services rendered was paid. Total includes 3,153 unvested shares of restricted stock awarded under the National Bank Holdings Corporation 2023 Omnibus Incentive Plan, as amended and restated May 7, 2026, that will vest in two equal installments on (i) the 180th day following the date of grant and (ii) the day before the registrant's 2027 Annual Meeting of Shareholders, subject to continued service through the date of vesting.
Restricted stock grant 3,153 shares Grant of restricted common stock on May 7, 2026
Tax-withholding shares 729 shares at $42.96 Shares withheld to cover tax liability on May 6, 2026
Direct holdings after grant 4,906 shares Total direct common stock holdings following transactions
Indirect holdings via trust 8,057 shares Common stock held through The Gupta Rastogi Family Trust
Shares transferred to trust 930 shares Transfer from direct ownership into revocable trust under Rule 16a-13
Tax-withholding disposition code Code F Payment of tax liability by delivering securities
restricted stock financial
"This transaction represents a grant of restricted stock by the Issuer."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
revocable trust financial
"transfer of 930 shares of common stock from direct ownership into the reporting person's revocable trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
tax liability financial
"shares withheld for payment of tax liability upon vesting of the remainder"
Section 16 regulatory
"it is exempt from section 16 pursuant to Rule 16a-13."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16a-13 regulatory
"exempt from section 16 pursuant to Rule 16a-13."
Omnibus Incentive Plan financial
"awarded under the National Bank Holdings Corporation 2023 Omnibus Incentive Plan"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
SEC Form 4
FORM 4UNITED 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*
Gupta Alka

(Last)(First)(Middle)
7800 EAST ORCHARD ROAD

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/06/2026F729(1)D$42.961,753(2)D
Common Stock05/07/2026A3,153A$0(3)4,906(4)D
Common Stock8,057(2)IThe Gupta Rastogi Family Trust
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares withheld for payment of tax liability upon vesting of the remainder of the restricted stock award granted to the reporting person on 04/30/2025.
2. Reflects the transfer of 930 shares of common stock from direct ownership into the reporting person's revocable trust. As this transaction effects only a change in the form of beneficial ownership without changing the reporting person's pecuniary interest in the shares of common stock, it is exempt from section 16 pursuant to Rule 16a-13.
3. This transaction represents a grant of restricted stock by the Issuer. Therefore, no consideration other than the value of services rendered was paid.
4. Total includes 3,153 unvested shares of restricted stock awarded under the National Bank Holdings Corporation 2023 Omnibus Incentive Plan, as amended and restated May 7, 2026, that will vest in two equal installments on (i) the 180th day following the date of grant and (ii) the day before the registrant's 2027 Annual Meeting of Shareholders, subject to continued service through the date of vesting.
/s/ Amy Abrams, Attorney-in-Fact05/08/2026
** Signature of Reporting PersonDate
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 transactions did NBHC director Alka Gupta report?

Alka Gupta reported a grant of 3,153 shares of restricted common stock, tax withholding of 729 shares upon vesting of a prior award, and a transfer of 930 shares into her revocable trust, changing only the form of beneficial ownership, not her economic interest.

How many NBHC shares does Alka Gupta hold directly and indirectly?

After the reported transactions, Alka Gupta holds 4,906 NBHC common shares directly, including 3,153 unvested restricted shares, and 8,057 shares indirectly through The Gupta Rastogi Family Trust, reflecting both her personal and trust-related ownership positions in the company’s stock.

What is the nature of the 3,153-share restricted stock grant at NBHC?

The 3,153 shares represent a grant of restricted stock by National Bank Holdings Corp as compensation for services. These unvested shares were awarded under the 2023 Omnibus Incentive Plan and will vest in two installments, subject to Gupta’s continued service through the vesting dates.

Why were 729 NBHC shares disposed of in Alka Gupta’s Form 4?

The 729 shares were withheld by National Bank Holdings Corp to cover tax liability upon vesting of the remaining portion of a restricted stock award granted on April 30, 2025. This tax-withholding disposition is not an open-market sale but a mechanism to satisfy tax obligations.

How will the 3,153 NBHC restricted shares vest for Alka Gupta?

The 3,153 restricted shares will vest in two equal installments: one on the 180th day following the May 7, 2026 grant date, and the other on the day before National Bank Holdings Corp’s 2027 Annual Meeting of Shareholders, assuming Gupta continues her service through each vesting date.