National Bank Holdings (NYSE: NBHC) grants president 15,523 restricted shares

Rhea-AI Filing Summary

Birkans Aldis reported acquisition or exercise transactions in this Form 4 filing.

National Bank Holdings Corp president Aldis Birkans received a compensation-related stock award. He was granted 15,523 shares of National Bank Holdings common stock as restricted stock, with no cash paid, reflecting the value of services rendered. These restricted shares will vest in three equal installments on April 28, 2027, April 28, 2028, and April 28, 2029, as long as he remains employed through each vesting date. After this award, Birkans directly holds 264,445 common shares, including 221,730 shares of restricted stock, indicating a substantial ongoing equity stake tied to the company’s long-term performance.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Birkans Aldis

Role PRESIDENT

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	15,523	$0.00	--

Holdings After Transaction: Common Stock — 264,445 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 221,730 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^*

Birkans Aldis

(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)
	PRESIDENT

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		15,523(1)	A	$0(2)	264,445(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 221,730 shares of restricted common stock.

	/s/ Aldis Birkans	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 did NBHC president Aldis Birkans report in this Form 4 filing?

Aldis Birkans reported receiving a grant of 15,523 shares of National Bank Holdings common stock as restricted stock. The award is compensation for services, involves no cash payment, and increases his direct holdings to 264,445 shares, aligning his interests with long-term shareholder value.

How many NBHC shares were granted to Aldis Birkans and at what price?

He was granted 15,523 shares of National Bank Holdings common stock at a price of $0.00 per share. This reflects a restricted stock award given as part of compensation, with value tied to his services rather than a cash purchase on the open market.

When do Aldis Birkans’ newly granted NBHC restricted shares vest?

The 15,523 restricted shares vest in three equal installments on April 28, 2027, April 28, 2028, and April 28, 2029. Vesting is contingent on his continued service with National Bank Holdings through each applicable vesting date, reinforcing long-term retention incentives.

What is Aldis Birkans’ total NBHC share ownership after this grant?

After the grant, Aldis Birkans directly owns 264,445 shares of National Bank Holdings common stock. This total includes 221,730 shares of restricted stock, indicating a significant equity position whose value depends on the company’s future performance and his ongoing service.

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

No cash was paid for the award; it is a grant of restricted common stock. The filing states that no consideration other than the value of services rendered was paid, confirming this is a non-cash, compensation-based equity grant from National Bank Holdings.

Under what plan were Aldis Birkans’ NBHC restricted shares granted?

The restricted stock was granted under the National Bank Holdings Corporation 2023 Omnibus Incentive Plan. This plan authorizes equity-based awards that typically vest over time, tying executive compensation to long-term company performance and employee retention objectives.