[Form 4] NICOLET BANKSHARES INC Insider Trading Activity

Rhea-AI Filing Summary

Nicolet Bankshares (NIC) director Robert J. Weyers filed a Form 4 reporting insider purchases and a deferred stock credit. On 10/21/2025, he acquired 35.085 shares at $129.4 via the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors, reflecting deferred board fees; that plan shows 9,727.673 shares beneficially owned following the transaction.

On 10/30/2025, three separate 1,000‑share purchases were reported at $115.78 (Weyers Family Limited Partnership, now 26,250 shares) and $115.71 (Ronald Weyers Trust, now 1,000 shares; Colleen Weyers Trust, now 1,000 shares). Additional holdings include 52,560 shares direct, 3,500 via RJW Family Investments LLC, and 12,333 via the Ronald and Colleen Weyers Grandchildren's Trust #2.

Insights

Insider transactions analyst

Routine Form 4 shows insider buying across entities; neutral impact.

The filing lists multiple indirect purchases by a director of Nicolet Bankshares. On 10/30/2025, three blocks of 1,000 shares were bought at $115.78 and $115.71 through affiliated entities and trusts. On 10/21/2025, 35.085 shares were credited at $129.4 via the non‑employee director deferred compensation plan.

Holdings after these transactions include 26,250 for the family limited partnership, 1,000 for each named trust, and 9,727.673 in the deferred plan, alongside direct holdings of 52,560 and other indirect stakes. The filing does not alter capital structure and reflects standard insider activity.

Actual market impact depends on broader trading volumes and future disclosures in periodic reports; this filing simply records the transactions as executed or credited.

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^*

WEYERS ROBERT J

(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		35.085(1)	A	$129.4	9,727.673(2)	I	By Nicolet National Bank Deferred Compensation Plan For Non-employee Directors
Common Stock	10/30/2025		P		1,000	A	$115.78	26,250	I	By Weyers Family Limited Partnership(3)
Common Stock	10/30/2025		P		1,000	A	$115.71	1,000	I	By Ronald Weyers Trust(4)
Common Stock	10/30/2025		P		1,000	A	$115.71	1,000	I	By Colleen Weyers Trust(5)
Common Stock								52,560	D
Common Stock								3,500	I	by RJW Family Investments LLC(6)
Common Stock								12,333	I	By Ronald and Colleen Weyers Grandchildren's Trust #2(7)

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. Weyers acquired 35.085 shares in the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring his third quarter 2025 earned board fees.

2. Includes 23.201 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.

3. Represents the holdings of Weyers Family Limited Partnership, of which the reporting person is a general partner. The reporting person disclaims beneficial ownership of registrant common stock held by Weyers Family Limited Partnership except to the extent of his pecuniary interest.

4. Represents the holdings of Ronald Weyers Trust of which the reporting person is trustee. The reporting person disclaims beneficial ownership of registrant common stock held by Ronald Weyers Trust except to the extent of his pecuniary interest.

5. Represents the holdings of Colleen Weyers Trust of which the reporting person is trustee. The reporting person disclaims beneficial ownership of registrant common stock held by Colleen Weyers Trust except to the extent of his pecuniary interest.

6. Represents the holdings of RJW Family Investments, LLC of which the reporting person is an owner. The reporting person disclaims beneficial ownership of registrant common stock held by RJW Family Investments, LLC except to the extent of his pecuniary interest.

7. Represents the holdings of Ronald and Colleen Weyers Grandchildren's Trust #2 of which the reporting person is trustee. The reporting person disclaims beneficial ownership of registrant common stock held by Ronald and Colleen Weyers Grandchildren's Trust #2 except to the extent of his pecuniary interest.

	/s/ H. Phillip Moore, Jr., as attorney-in-fact for Robert J. Weyers	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 Robert J. Weyers report on this Form 4?

He reported three 1,000‑share purchases on 10/30/2025 at $115.78 and $115.71, plus 35.085 shares credited on 10/21/2025 at $129.4 via a deferred plan.

Which entities held the purchased NIC shares?

Purchases were attributed to the Weyers Family Limited Partnership, the Ronald Weyers Trust, and the Colleen Weyers Trust.

How many shares are in the director’s deferred compensation plan after these transactions?

The plan shows 9,727.673 shares beneficially owned following the reported transaction.

What are Robert J. Weyers’ other reported holdings after the transactions?

Reported holdings include 52,560 shares direct, 3,500 via RJW Family Investments LLC, and 12,333 via the Ronald and Colleen Weyers Grandchildren's Trust #2.

What is the issuer and ticker in this Form 4?

The issuer is Nicolet Bankshares, Inc. with ticker NIC.