Nicolet Bankshares (NIC) CEO shifts 7,738 shares into revocable trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nicolet Bankshares Chairman, President & CEO Michael E. Daniels reported an internal transfer of 7,738 shares of common stock on May 5, 2026. The shares were moved for no consideration from his direct holdings to the Daniels Revocable Trust, a bona fide gift classification.
According to the disclosure, Mr. Daniels is trustee of the trust, and he and his spouse are its sole beneficiaries, so he remains the beneficial owner of the securities held by the trust. The filing also notes separate indirect holdings by his spouse and in a 401(k) plan, and states that he owns 1,103 shares in the Employee Stock Purchase Plan as of the report date.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,476 shares gifted
Mixed
4 txns
Insider
DANIELS MICHAEL E
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 7,738 | $0.00 | -- |
| Gift | Common Stock | 7,738 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 65,389 shares (Direct, null);
Common Stock — 61,452 shares (Indirect, By Daniels Revocable Trust)
Footnotes (1)
- Includes shares acquired under the Employee Stock Purchase Plan. Mr. Daniels has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on May 4, 2026. Mr. Daniels owns a total of 1,103 shares in the Employee Stock Purchase Plan as of the date of this report. On May 5, 2026, Mr. Daniels transferred 7,738 shares of Nicolet Bankshares, Inc. common stock to the Daniels Revocable Trust for no consideration. Mr. Daniels is trustee of the trust, and Mr. Daniels and his spouse are the sole beneficiaries of the trust. Mr. Daniels remains the beneficial owner of the securities held by the trust.
Key Figures
Gifted shares: 7,738 shares
Trust holdings after transfer: 61,452 shares
Direct holdings after transfer: 65,389 shares
+4 more
7 metrics
Gifted shares
7,738 shares
Common stock transferred on May 5, 2026 as bona fide gift
Trust holdings after transfer
61,452 shares
Common stock held by Daniels Revocable Trust after reported transaction
Direct holdings after transfer
65,389 shares
Common stock directly held by Michael Daniels after gift transaction
Spouse indirect holdings
9,803 shares
Common stock held indirectly by spouse as of report date
401(k) plan holdings
6,252 shares
Common stock held indirectly through 401(k) plan
ESPP holdings
1,103 shares
Shares in Employee Stock Purchase Plan as of report date
Gift transactions count
2 transactions
Form 4 transaction summary shows two bona fide gift entries
Key Terms
Bona fide gift, Employee Stock Purchase Plan, beneficial owner, revocable trust
4 terms
Bona fide gift financial
"transaction_code_description: "Bona fide gift" for the share transfer"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Employee Stock Purchase Plan financial
"Includes shares acquired under the Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
beneficial owner financial
"Mr. Daniels remains the beneficial owner of the securities held by the trust."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
revocable trust financial
"transferred 7,738 shares ... to the Daniels Revocable Trust for no consideration."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
