Nicolet Bankshares CEO transfers 7,738 shares to trust

Nicolet Bankshares Chairman, President & CEO Michael E. Daniels reported an internal transfer of 7,738 shares of common stock on May 5, 2026.

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.

Insider Trade Summary

15,476 shares gifted

Gift 4 txns

Insider DANIELS MICHAEL E

Role Chairman, President & CEO

Type	Security	Shares	Price	Value
Gift	Common Stock	7,738	$0.00	$0.00
Gift	Common Stock	7,738	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 65,389 shares (Direct); Common Stock — 61,452 shares (Indirect, By Daniels Revocable Trust); Common Stock — 6,252 shares (Indirect, By 401(k) Plan); Common Stock — 9,803 shares (Indirect, By Spouse)

Footnotes (2)

1. F1. 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.
2. F2. 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.

FAQ

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

What did Nicolet Bankshares (NIC) CEO Michael Daniels report in this Form 4?

He reported an internal transfer of 7,738 common shares on May 5, 2026, classified as a bona fide gift. The shares moved from his direct holdings into the Daniels Revocable Trust, changing the ownership form but not his overall beneficial interest.

Was the Nicolet Bankshares (NIC) CEO’s transaction a sale for cash?

No, the filing describes the move as a bona fide gift for no consideration. Shares were transferred to the Daniels Revocable Trust, with no sale proceeds reported, and Mr. Daniels remains the beneficial owner of the trust’s holdings.

How many Nicolet Bankshares (NIC) shares did the Daniels Revocable Trust hold after the transfer?

After the reported gift, the Daniels Revocable Trust held 61,452 shares of Nicolet Bankshares common stock. Mr. Daniels is trustee, and he and his spouse are sole beneficiaries, so he continues to beneficially own these trust shares.

What does the Form 4 say about Michael Daniels’ other Nicolet Bankshares (NIC) holdings?

The filing lists indirect holdings of 9,803 shares by his spouse and 6,252 shares in a 401(k) plan. It also notes that he owns 1,103 shares through the Employee Stock Purchase Plan as of the report date.

Did Michael Daniels acquire new shares under the Employee Stock Purchase Plan for Nicolet Bankshares (NIC)?

No. A footnote states Mr. Daniels has not acquired additional shares under the Employee Stock Purchase Plan since his prior Form 4. As of this report, he holds 1,103 shares in the plan, with no recent purchases disclosed.

Does the reported gift transaction change control of Nicolet Bankshares (NIC) shares?

The transaction shifts shares into the Daniels Revocable Trust but keeps Mr. Daniels’ economic interest intact. He is trustee and a sole beneficiary with his spouse, so he remains the beneficial owner of the trust’s reported holdings after the transfer.

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

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Accepted by SEC EDGAR 05/07/2026 - 02:37 PM EDT Learn about SEC filing dates

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^*

DANIELS MICHAEL E

(Last) (First) (Middle)

C/O NICOLET NATIONAL BANK

111 NORTH WASHINGTON STREET

(Street)

GREEN BAY WISCONSIN 54301

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NICOLET BANKSHARES INC [ NIC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

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	05/05/2026		G		7,738	D	$0	65,389(1)	D(2)
Common Stock	05/05/2026		G		7,738	A	$0	61,452	I(2)	By Daniels Revocable Trust
Common Stock								6,252	I	By 401(k) Plan
Common Stock								9,803	I	By Spouse

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. 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.

2. 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.

	/s/ H. Phillip Moore, Jr., as attorney-in-fact for Michael E. Daniels	05/07/2026
	** 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)