Nicolet Bankshares (NIC) Rule 144 notice: insider sells shares after option exercise

Rhea-AI Filing Summary

Form 144 filing for Nicolet Bankshares, Inc. (NIC) reports a proposed sale under Rule 144 of 1,588 common shares through Fidelity Brokerage Services LLC with an aggregate market value of $221,399.20 and an approximate sale date of 08/27/2025 on the NYSE. The filing discloses the shares were acquired the same day by stock option exercise and paid in cash on 08/27/2025. The filer also reported two prior sales in the past three months by Eric Witczak: 5,000 shares sold on 07/18/2025 for $698,864.50 and 1,564 shares sold on 08/26/2025 for $213,793.50. The notice includes the required attestation that the seller is not aware of undisclosed material adverse information.

Positive

• Full Rule 144 disclosure including acquisition method, broker, aggregate market value, and sale dates
• Seller attestation that no undisclosed material adverse information is known

Negative

• Insider sales magnitude in recent months: 6,564 shares sold in two transactions generating $912,658.00 in gross proceeds
• Filing omits the filer’s relationship to the issuer and remaining post-sale holdings within this document

Insights

Securities Analyst

TL;DR: Insider sales disclosed: planned sale of 1,588 shares after option exercise, plus two recent sales totaling 6,564 shares.

The filing documents a Rule 144 sale of 1,588 common shares valued at $221,399.20, acquired via stock option exercise and to be sold through Fidelity on 08/27/2025. Recent dispositions by the same named seller total 6,564 shares generating reported gross proceeds of $912,658.00 across two transactions on 07/18/2025 and 08/26/2025. This is a routine insider liquidity event disclosed under Rule 144; the filing contains transaction dates, amounts, and broker details but does not state the filer’s role or holdings beyond the disclosed transactions, limiting interpretation of scale relative to total insider ownership.

Corporate Governance Expert

TL;DR: Compliance appears proper: Rule 144 notice filed with acquisition and sale details; no undisclosed material information claimed.

The form includes required elements: acquisition method (stock option exercise), payment method (cash), broker information, aggregate market value, and recent sales history. The seller attests they are unaware of undisclosed material adverse information and the filing warns against intentional misstatements. The document lacks disclosure of the filer’s relationship to the issuer and total post-sale holdings, which are often included elsewhere but are not present in this notice; therefore governance implications are limited by available data.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1588	221399.20	14856888	08/27/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/27/2025	Stock Option Exercise	Issuer			1588	08/27/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Eric Witczak 111 North Washington Street Green Bay WI 54301	Common	07/18/2025	5000	698864.50
Eric Witczak 111 North Washington Street Green Bay WI 54301	Common	08/26/2025	1564	213793.50

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for Nicolet Bankshares (NIC) report?

It reports a proposed Rule 144 sale of 1,588 common shares through Fidelity valued at $221,399.20, with an approximate sale date of 08/27/2025.

How were the 1,588 shares acquired according to the filing?

The filing states the shares were acquired on 08/27/2025 via stock option exercise and paid in cash on that date.

What insider sales occurred in the past three months as disclosed?

The filing lists sales by Eric Witczak: 5,000 shares on 07/18/2025 for $698,864.50 and 1,564 shares on 08/26/2025 for $213,793.50.

Which broker is handling the proposed sale?

The proposed sale is to be handled by Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield, RI, and expected to occur on the NYSE.

Does the filing state the seller knows of undisclosed material information?

The seller signs an attestation representing that they do not know any material adverse information about the issuer that has not been publicly disclosed.