Nicolet (NIC) EVP has 940 shares withheld to cover tax on restricted stock

Rhea-AI Filing Summary

Nicolet Bankshares executive William M. Bohn reported a routine tax-withholding share disposition. On April 15, 2026, 940 shares of Common Stock were withheld at $156.70 per share to satisfy taxes on vested restricted stock. After this non-market transaction, he directly holds 16,585 shares, and a footnote states he also owns 158 shares through the Employee Stock Purchase Plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BOHN WILLIAM M

Role EVP Wealth Mgmt - Nicolet Bank

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	940	$156.70	$147K

Holdings After Transaction: Common Stock — 16,585 shares (Direct)

Footnotes (1)

1. Shares withheld to satisfy tax obligation of vested restricted stock, April 15, 2026. Includes 42 shares acquired under the Employee Stock Purchase Plan since Mr. Bohn's last Form 4 filing dated February 17, 2026. Mr. Bohn owns a total of 158 shares in the Employee Stock Purchase Plan as of the date of this report.

Key Figures

Tax-withheld shares: 940 shares Tax-withholding price: $156.70 per share Direct holdings after transaction: 16,585 shares +2 more

5 metrics

Tax-withheld shares 940 shares Withheld to satisfy tax obligation on April 15, 2026

Tax-withholding price $156.70 per share Price for withheld Common Stock on April 15, 2026

Direct holdings after transaction 16,585 shares Common Stock directly owned after April 15, 2026 transaction

Recent ESPP acquisition 42 shares Acquired under Employee Stock Purchase Plan since February 17, 2026

Total ESPP holdings 158 shares Employee Stock Purchase Plan holdings as of report date

Key Terms

restricted stock, Employee Stock Purchase Plan, tax obligation, tax-withholding disposition

4 terms

restricted stock financial

"Shares withheld to satisfy tax obligation of vested restricted stock, April 15, 2026."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Employee Stock Purchase Plan financial

"Includes 42 shares acquired under the Employee Stock Purchase Plan since Mr. Bohn's last Form 4 filing"

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.

tax obligation financial

"Shares withheld to satisfy tax obligation of vested restricted stock, April 15, 2026."

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

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
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^*

BOHN WILLIAM M

(Last) (First) (Middle)

C/O NICOLET NATIONAL BANK

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Wealth Mgmt - Nicolet Bank

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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	04/15/2026		F		940(1)	D	$156.7	16,585(2)	D

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. Shares withheld to satisfy tax obligation of vested restricted stock, April 15, 2026.

2. Includes 42 shares acquired under the Employee Stock Purchase Plan since Mr. Bohn's last Form 4 filing dated February 17, 2026. Mr. Bohn owns a total of 158 shares in the Employee Stock Purchase Plan as of the date of this report.

	/s/ H. Phillip Moore, Jr., as attorney-in-fact for William M. Bohn	04/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Nicolet Bankshares (NIC) executive William M. Bohn report in this Form 4?

William M. Bohn reported a tax-withholding disposition of Nicolet Bankshares shares. On April 15, 2026, 940 shares of Common Stock were withheld to cover taxes on vested restricted stock, rather than being sold in the open market.

How many Nicolet Bankshares (NIC) shares were involved in the tax withholding?

The filing shows 940 shares of Common Stock were withheld. These shares were used to satisfy Mr. Bohn’s tax obligation arising from vested restricted stock on April 15, 2026, as described in the filing’s footnote.

What price per share was used for the Nicolet Bankshares (NIC) tax-withholding shares?

The tax-withholding disposition used a price of $156.70 per share. This figure is disclosed as the transaction price for the 940 Nicolet Bankshares Common Stock shares withheld to cover Mr. Bohn’s tax obligation on vested restricted stock.

How many Nicolet Bankshares (NIC) shares does William M. Bohn hold after this transaction?

After the transaction, Mr. Bohn directly holds 16,585 shares of Common Stock. A footnote also states he owns 158 shares in the Employee Stock Purchase Plan, providing additional context on his total Nicolet Bankshares exposure.

Was this Nicolet Bankshares (NIC) Form 4 an open-market sale by William M. Bohn?

No, this Form 4 reflects a tax-withholding disposition, not an open-market sale. Shares were withheld by Nicolet Bankshares to cover Mr. Bohn’s tax obligation on vested restricted stock, as indicated by transaction code F and the explanatory footnote.

What does the Employee Stock Purchase Plan detail in the Nicolet Bankshares (NIC) Form 4?

A footnote states Mr. Bohn acquired 42 shares under the Employee Stock Purchase Plan since his February 17, 2026 Form 4, and that he owns 158 shares in the plan as of the report date, in addition to his directly held shares.