Nicolet Bankshares (NIC) director gains 15.367 shares via fee deferral

Rhea-AI Filing Summary

Nicolet Bankshares Inc. director Hector Colon reported an equity award tied to his board service. On January 20, 2026, he acquired 15.367 shares of Nicolet Bankshares common stock at $131.43 per share through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring his fourth quarter 2025 earned board fees. After this transaction, he beneficially owned 1,059.617 shares indirectly through the deferred compensation plan and 3,796 shares directly as of that date.

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

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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^*

COLON HECTOR

(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)
01/20/2026

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	01/20/2026		A		15.367(1)	A	$131.43	1,059.617(2)	I	By Nicolet National Bank Deferred Compensation Plan for Non-employee Directors
Common Stock								3,796	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. Mr. Colon acquired 15.367 shares in the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring his fourth quarter 2025 earned board fees.

2. Includes 2.537 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 December 15, 2025.

	/s/ H. Phillip Moore, Jr., attorney-in-fact for H?ctor Col?n	01/21/2026
	** 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.
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FAQ

What insider transaction did NIC director Hector Colon report?

Hector Colon reported acquiring 15.367 shares of Nicolet Bankshares Inc. (NIC) common stock on January 20, 2026 through a deferred compensation arrangement for non-employee directors.

How did Hector Colon acquire the new Nicolet Bankshares (NIC) shares?

He acquired the 15.367 shares in the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring his fourth quarter 2025 earned board fees into company stock.

What price was used for Hector Colon’s deferred compensation shares in NIC?

The 15.367 shares of Nicolet Bankshares common stock were credited at a price of $131.43 per share.

How many Nicolet Bankshares (NIC) shares does Hector Colon own after this Form 4 transaction?

Following the reported transaction, Hector Colon beneficially owned 1,059.617 shares of Nicolet Bankshares common stock indirectly through the deferred compensation plan and 3,796 shares directly.

Is Hector Colon’s interest in the new NIC shares direct or indirect?

The 15.367 newly acquired shares and the total 1,059.617 shares reported in that account are held indirectly through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors, while 3,796 shares are held directly.

What do the footnotes in Hector Colon’s NIC Form 4 explain?

The footnotes state that Colon acquired 15.367 shares by deferring his fourth quarter 2025 board fees and that his indirect holdings include 2.537 shares received via dividend reinvestment from a cash dividend paid on December 15, 2025.