Form 4: Witczak Eric James reports multiple insider transactions in NIC

Rhea-AI Filing Summary

Witczak Eric James reported multiple insider transaction types in a Form 4 filing for NIC. The filing lists transactions totaling 4,451 shares at a weighted average price of $155.19 per share. Following the reported transactions, holdings were 35,894 shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Witczak Eric James

Role EVP & Secretary

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,333	$155.19	$517K
Tax Withholding	Common Stock	1,118	$155.19	$174K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 35,894 shares (Direct); Common Stock — 6,783 shares (Indirect, By 401(k) Plan)

Footnotes (1)

1. Restricted stock unit ("RSU") vesting. Per the terms of the RSU, the performance-based metric of successfully closing the merger between Nicolet Bankshares, Inc., and MidWestOne Financial Group was completed on February 13, 2026. Shares withheld to cover the tax liability of the RSU performance vesting on February 13, 2026. Includes shares acquired under the Employee Stock Purchase Plan. Mr. Witczak has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on January 21, 2026. Mr. Witczak owns a total of 1,087 shares in the Employee Stock Purchase Plan as of the date of this report.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Witczak Eric James

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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	02/13/2026		A		3,333(1)	A	$155.19	35,894	D
Common Stock	02/13/2026		F		1,118(2)	D	$155.19	34,776(3)	D
Common Stock								6,783	I	By 401(k) Plan

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. Restricted stock unit ("RSU") vesting. Per the terms of the RSU, the performance-based metric of successfully closing the merger between Nicolet Bankshares, Inc., and MidWestOne Financial Group was completed on February 13, 2026.

2. Shares withheld to cover the tax liability of the RSU performance vesting on February 13, 2026.

3. Includes shares acquired under the Employee Stock Purchase Plan. Mr. Witczak has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on January 21, 2026. Mr. Witczak owns a total of 1,087 shares in the Employee Stock Purchase Plan as of the date of this report.

	/s/ H. Phillip Moore, Jr., as attorney-in-fact for Eric J. Witczak	02/17/2026
	** 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.

FAQ

What insider transaction did NIC EVP Eric Witczak report?

Eric James Witczak reported RSU-related transactions in Nicolet Bankshares common stock. On February 13, 2026, 3,333 shares vested from restricted stock units, and 1,118 shares were withheld to satisfy tax liabilities arising from this performance-based vesting tied to a completed merger.

How many Nicolet (NIC) shares did the EVP acquire and at what price?

He acquired 3,333 Nicolet Bankshares common shares at $155.19 per share through restricted stock unit vesting. This vesting occurred when the performance condition of closing the merger with MidWestOne Financial Group was fulfilled on February 13, 2026, triggering the stock award.

Why were 1,118 Nicolet (NIC) shares disposed of in this Form 4?

The 1,118 shares were withheld to cover the tax liability from the performance-based RSU vesting on February 13, 2026. This disposition, coded “F,” reflects payment of taxes by delivering shares rather than a discretionary open-market sale of stock.

How many Nicolet (NIC) shares does the EVP own after these transactions?

After the reported transactions, he directly owned 34,776 Nicolet Bankshares common shares and indirectly held 6,783 shares through a 401(k) plan. The filing also notes ownership of 1,087 shares within the Employee Stock Purchase Plan as of the report date.

What event triggered the RSU vesting reported by NIC’s EVP?

The RSU vesting was triggered by successfully closing the merger between Nicolet Bankshares, Inc. and MidWestOne Financial Group. The filing states that this performance-based metric was completed on February 13, 2026, causing 3,333 restricted stock units to vest into common shares.

Is the share disposition by the NIC EVP an open-market sale?

The disposition is characterized as a tax-withholding transaction, not a typical open-market sale. Code “F” indicates shares were delivered to cover tax liabilities from the RSU vesting event on February 13, 2026, rather than sold at the executive’s discretion.