NBHC (NBHC) CFO has 679 shares withheld for taxes on vested stock

Rhea-AI Filing Summary

National Bank Holdings Corp chief financial officer Nicole Van Denabeele reported a routine tax-related share disposition. On a Form 4, she disclosed that 679 shares of National Bank Holdings common stock were withheld at $43.27 per share to cover tax liabilities when portions of previously granted restricted stock awards vested.

After this withholding, she directly holds 18,552 shares of common stock, including 8,891 shares of restricted stock. The transaction reflects tax withholding by the issuer rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Van Denabeele Nicole

Role CHIEF FINANCIAL OFFICER

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	679	$43.27	$29K

Holdings After Transaction: Common Stock — 18,552 shares (Direct, null)

Footnotes (1)

1. Represents shares withheld for payment of tax liability upon vesting of a portion of the restricted stock awards granted to the reporting person on 4/1/2023, 4/1/2024, and 4/1/2025. Includes 8,891 shares of restricted common stock.

Key Figures

Shares withheld for taxes: 679 shares Withholding price: $43.27 per share Shares held after transaction: 18,552 shares +1 more

4 metrics

Shares withheld for taxes 679 shares Tax-withholding disposition on common stock

Withholding price $43.27 per share Value used for tax-withholding shares

Shares held after transaction 18,552 shares Direct common stock ownership following transaction

Restricted shares included 8,891 shares Portion of post-transaction holdings that are restricted stock

Key Terms

tax liability, restricted stock awards, restricted common stock, tax-withholding disposition

4 terms

tax liability financial

"Represents shares withheld for payment of tax liability upon vesting"

restricted stock awards financial

"upon vesting of a portion of the restricted stock awards granted"

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

restricted common stock financial

"Includes 8,891 shares of restricted common stock"

Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

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^*

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)
04/28/2026

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	04/28/2026		F		679(1)	D	$43.27	18,552(2)	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 awards granted to the reporting person on 4/1/2023, 4/1/2024, and 4/1/2025.

2. Includes 8,891 shares of restricted common stock.

	/s/ Nicole Van Denabeele	04/30/2026
	** 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 did NBHC CFO Nicole Van Denabeele report on this Form 4?

She reported a tax-withholding disposition of National Bank Holdings Corp shares. 679 shares of common stock were withheld to cover tax liabilities tied to vesting restricted stock awards, rather than sold in the open market.

How many NBHC shares were withheld for taxes in this filing?

The filing shows 679 shares of National Bank Holdings common stock withheld at $43.27 per share. These shares were used to satisfy the CFO’s tax liability when portions of earlier restricted stock awards vested.

What is Nicole Van Denabeele’s NBHC shareholding after this transaction?

After the tax withholding, she directly holds 18,552 shares of National Bank Holdings common stock. This total includes 8,891 shares of restricted common stock, as noted in the filing’s footnotes.

Were NBHC shares sold on the open market in this Form 4?

No open-market sale is reported. The Form 4 classifies the event as a tax-withholding disposition, where 679 shares were withheld by the issuer to pay tax liabilities from vesting restricted stock awards.

Which NBHC equity awards are linked to this tax withholding transaction?

The footnotes state the 679 shares were withheld upon vesting of portions of restricted stock awards granted on 4/1/2023, 4/1/2024, and 4/1/2025. These are compensation-related equity awards to the CFO.