BlackRock reports 14.1% stake in National Bank Holdings

BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 6,327,142 shares of NATIONAL BANK HOLDINGS CORPORATION Class A Stock, representing 14.1% of the class as of June 30, 2026.

Rhea-AI Filing Summary

BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 6,327,142 shares of NATIONAL BANK HOLDINGS CORPORATION Class A Stock, representing 14.1% of the class as of June 30, 2026. BlackRock reports sole voting power over 6,264,797 shares and sole dispositive power over 6,327,142 shares, with no shared voting or dispositive power. The filing notes that one underlying holder, iShares Core S&P Small-Cap ETF, has an interest in more than five percent of the company’s outstanding common stock.

Key Figures

Beneficial ownership: 6,327,142 shares Ownership percentage: 14.1% Sole voting power: 6,264,797 shares +4 more

7 metrics

Beneficial ownership 6,327,142 shares Class A Stock beneficially owned by BlackRock, Inc.

Ownership percentage 14.1% Percent of NATIONAL BANK HOLDINGS CORPORATION Class A Stock

Sole voting power 6,264,797 shares Shares over which BlackRock has sole power to vote

Shared voting power 0 shares Shares over which BlackRock has shared power to vote

Sole dispositive power 6,327,142 shares Shares over which BlackRock has sole power to dispose

Shared dispositive power 0 shares Shares over which BlackRock has shared power to dispose

Reporting date 06/30/2026 Date as of which ownership information is reported

Key Terms

beneficially owned, Sole Voting Power, dispositive power, Investment Company Act of 1940

4 terms

beneficially owned financial

"reflects the securities beneficially owned, or deemed to be beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"Sole Voting Power 6,264,797.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

dispositive power financial

"Sole Dispositive Power 6,327,142.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Investment Company Act of 1940 regulatory

"investment company registered under the Investment Company Act of 1940"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of NATIONAL BANK HOLDINGS (NBHC) shares does BlackRock report owning?

BlackRock reports beneficial ownership of 14.1% of NATIONAL BANK HOLDINGS CORPORATION Class A Stock. This corresponds to 6,327,142 shares as of June 30, 2026, according to the amended Schedule 13G filing.

How many NBHC shares does BlackRock have voting power over?

BlackRock has sole voting power over 6,264,797 shares of NATIONAL BANK HOLDINGS CORPORATION. The filing reports no shared voting power, meaning all reported voting authority is held on a sole basis.

How many NBHC shares does BlackRock beneficially own according to this Schedule 13G/A?

BlackRock beneficially owns 6,327,142 shares of NATIONAL BANK HOLDINGS CORPORATION Class A Stock. This share count underlies the reported 14.1% ownership of the company’s outstanding Class A shares.

Does any BlackRock fund individually hold more than 5% of NBHC stock?

Yes. The filing states that iShares Core S&P Small-Cap ETF has an interest in NATIONAL BANK HOLDINGS CORPORATION common stock that is more than five percent of the total outstanding common stock.

Does BlackRock report any shared voting or dispositive power over NBHC shares?

No. BlackRock reports 0 shares of shared voting power and 0 shares of shared dispositive power. All reported authority—6,264,797 voting and 6,327,142 dispositive—is held on a sole basis.

What is the nature of BlackRock’s dispositive power over NBHC shares?

BlackRock reports sole dispositive power over 6,327,142 shares of NATIONAL BANK HOLDINGS CORPORATION. This indicates authority to dispose of or direct the disposition of all shares it reports as beneficially owned.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/29/2026 - 03:22 PM Accepted by SEC EDGAR 07/29/2026 - 03:19 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 12)

NATIONAL BANK HOLDINGS CORPORATION

(Name of Issuer)

Class A Stock

(Title of Class of Securities)

633707104

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 633707104

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,264,797.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,327,142.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,327,142.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.1 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NATIONAL BANK HOLDINGS CORPORATION
(b)	Address of issuer's principal executive offices: 7800 EAST ORCHARD ROAD SUITE 300 GREENWOOD VILLAGE CO 80111
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Class A Stock
(e)	CUSIP No.: 633707104
Item 4.	Ownership
(a)	Amount beneficially owned: 6327142
(b)	Percent of class: 14.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6264797
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 6327142
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The interest of 1 such person, iShares Core S&P Small-Cap ETF, in the common stock of NATIONAL BANK HOLDINGS CORPORATION is more than five percent of the total outstanding common stock.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	07/29/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7