NIC director acquires 31.187 shares through deferred compensation

Rhea-AI Filing Summary

Nicolet Bankshares (NIC) director Brenda L. Johnson reported acquiring 31.187 shares of common stock on 10/21/2025. The shares were credited through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring her third-quarter 2025 board fees at a price of $129.4 per share.

Following the transaction, the filing lists 887.54 shares held indirectly in the plan. The footnotes note an additional 2.05 shares previously received via dividend reinvestment on September 15, 2025.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider JOHNSON BRENDA L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	31.187	$129.40	$4K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 887.54 shares (Indirect, by Nicolet National Bank Deferred Compensation Plan for Non-employee Directors); Common Stock — 671,893 shares (Direct)

Footnotes (1)

1. Ms. Johnson acquired 31.187 shares in the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring her third quarter 2025 earned board fees. Includes 2.05 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.

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^*

JOHNSON BRENDA L

(Last) (First) (Middle)

C/O NICOLET NATIONAL BANK

111 N. 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		31.187(1)	A	$129.4	887.54(2)	I	by Nicolet National Bank Deferred Compensation Plan for Non-employee Directors
Common Stock								671,893	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. Ms. Johnson acquired 31.187 shares in the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring her third quarter 2025 earned board fees.

2. Includes 2.05 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 Brenda L. Johnson	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.
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FAQ

What did Nicolet (NIC) report in this Form 4?

A director, Brenda L. Johnson, acquired 31.187 shares of common stock on 10/21/2025 via a deferred compensation plan.

How were the shares acquired by the NIC director?

Through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring third-quarter 2025 board fees.

What was the price per share for the transaction?

The reported price was $129.4 per share.

How many shares does the director hold after the transaction?

The filing lists 887.54 shares held indirectly in the deferred compensation plan following the transaction.

Were dividends involved in the share total?

Yes. Footnotes state 2.05 shares were received via dividend reinvestment from a cash dividend paid on September 15, 2025.

What is the issuer's ticker and name?

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