Form 4: John N. Dykema acquires NIC shares via fee deferral

Rhea-AI Filing Summary

Nicolet Bankshares, Inc. (NIC) reported an insider transaction by director John N. Dykema. On 10/21/2025, he acquired 54.577 shares of common stock at $129.4 per share through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring his third quarter 2025 earned board fees.

Following the transaction, his reported holdings were 9,605.735 shares held indirectly via the deferred compensation plan, 43,881 shares held directly, and 9,793 shares held indirectly via the John Dykema 2020 Trust. The plan holdings include 22.862 shares received as dividend reinvestment from a cash dividend paid on September 15, 2025.

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^*

Dykema John Nicholas

(Last) (First) (Middle)

C/O NICOLET NATIONAL BANK

111 NORTH WASHINGTON STREET

(Street)

GREEN BAY WI 54301

(City) (State) (Zip)

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/21/2025

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/21/2025		A		54.577(1)	A	$129.4	9,605.735(2)	I	By Nicolet National Bank Deferred Compensation Plan For Non-employee Directors
Common Stock								43,881	D
Common Stock								9,793	I	By the John Dykema 2020 Trust

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. Mr. Dykema acquired 54.577 shares in the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring his third quarter 2025 earned board fees.

2. Includes 22.862 shares received as dividend reinvestment in the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors from Nicolet Bankshares, Inc. paid cash dividend on September 15, 2025.

	/s/ H. Phillip Moore, Jr., as attorney-in-fact for John N. Dykema	11/03/2025
	** 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.

FAQ

What did NIC director John N. Dykema report on Form 4?

He reported acquiring 54.577 shares of Nicolet Bankshares common stock on 10/21/2025 at $129.4 per share via a deferred compensation plan.

How many NIC shares does John N. Dykema hold after the transaction?

Reported holdings: 9,605.735 shares indirectly via the plan, 43,881 shares directly, and 9,793 shares indirectly via the John Dykema 2020 Trust.

What plan was used for the NIC share acquisition?

The Nicolet National Bank Deferred Compensation Plan for Non-employee Directors was used by deferring Q3 2025 board fees.

Was dividend reinvestment included in the reported NIC holdings?

Yes. The plan holdings include 22.862 shares received via dividend reinvestment from a cash dividend paid on September 15, 2025.

What is the transaction date on the NIC Form 4?

The earliest transaction date disclosed is 10/21/2025.

Is the filing for one reporting person or a group?

It is a Form filed by One Reporting Person.