What is Aldis Birkans’ NBHC share ownership after these Form 4 transactions?

After the reported transactions, Aldis Birkans directly owns 248,922 NBHC common shares. This figure reflects the net result of receiving 2,971 shares from the performance stock unit settlement and the 1,296 shares withheld to satisfy the related tax liability.

NBHC (NBHC) president logs stock award settlement and tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

National Bank Holdings Corp president Aldis Birkans reported equity compensation activity. He acquired 2,971 shares of common stock at no cost through settlement of a performance stock unit award originally granted on April 1, 2023. To cover related taxes, 1,296 shares were disposed of through tax withholding at $39.99 per share. Following these transactions, he directly owns 248,922 common shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Birkans Aldis

Role PRESIDENT

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,971	$0.00	--
Tax Withholding	Common Stock	1,296	$39.99	$52K

Holdings After Transaction: Common Stock — 250,218 shares (Direct)

Footnotes (1)

Shares of common stock acquired upon settlement of a performance stock unit award granted to the reporting person on April 1, 2023. The reported transaction involved the withholding of shares to pay taxes associated with the settlement of the above-referenced performance stock unit award.

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Form 4 Insider Transactions: What Each Field Means →

03/03/2026 - 05:57 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

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

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)
03/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/01/2026		A		2,971⁽¹⁾	A	$0	250,218	D
Common Stock	03/01/2026		F		1,296⁽²⁾	D	$39.99	248,922	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares of common stock acquired upon settlement of a performance stock unit award granted to the reporting person on April 1, 2023.

2. The reported transaction involved the withholding of shares to pay taxes associated with the settlement of the above-referenced performance stock unit award.

	/s/ Aldis Birkans	03/03/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did NBHC president Aldis Birkans report on this Form 4?

Aldis Birkans reported equity compensation-related transactions. He acquired 2,971 National Bank Holdings Corp common shares from settlement of a performance stock unit award, and 1,296 shares were withheld and disposed of to satisfy associated tax obligations at $39.99 per share.

How many NBHC shares did Aldis Birkans acquire through awards in this filing?

He acquired 2,971 NBHC common shares. These were received upon settlement of a performance stock unit award that had been granted on April 1, 2023, increasing his direct holdings before the tax-withholding share disposition occurred in the same report.

Why were 1,296 NBHC shares disposed of in Aldis Birkans’ Form 4?

The 1,296 NBHC shares were disposed of to pay taxes. The filing states the transaction was a tax-withholding disposition associated with settlement of the performance stock unit award, with the shares valued at $39.99 each for tax payment purposes.

Were Aldis Birkans’ NBHC transactions open-market buys or sells?

No, the transactions were compensation-related. The Form 4 shows a grant or award acquisition of 2,971 shares and a tax-withholding disposition of 1,296 shares, rather than open-market purchases or sales of National Bank Holdings Corp stock.

What award was settled to give Aldis Birkans additional NBHC shares?

The added NBHC shares came from a performance stock unit award. The footnotes explain that 2,971 common shares were acquired upon settlement of a performance stock unit award granted to Aldis Birkans on April 1, 2023, with related taxes paid via share withholding.