Nicolet Bankshares EVP Witczak sells 600 shares

Q: How many NIC shares did Eric James Witczak sell, and at what price?

Eric James Witczak sold 600 shares of common stock on November 6, 2026, at a weighted average price of $173.11 per share. The sales occurred in multiple transactions at prices ranging from $173.00 to $173.14.

Q: What did Eric James Witczak report about his NIC employee stock purchase plan shares?

He reported 1,004 shares in the Employee Stock Purchase Plan as of the report date, including 36 additional shares acquired under the plan since his prior Form 4 filing on July 29, 2026.

The EVP - Retail & Ag Banking had 36 additional shares acquired under the Employee Stock Purchase Plan since his prior Form 4 filing on July 29, 2026.

Available on EDGAR 11/09/2026 - 04:22 PM EST Accepted by SEC EDGAR 11/09/2026 - 04:21 PM EST

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Form Type

Rhea-AI Filing Summary

Eric James Witczak, Nicolet Bankshares Inc.'s EVP - Retail & Ag Banking, sold 600 shares of common stock on November 6, 2026, at a weighted average price of $173.11 per share. The shares were sold in multiple transactions at prices from $173.00 to $173.14. After the sale, he reported 32,724 shares held directly and 6,783 held indirectly through a 401(k) Plan. His Employee Stock Purchase Plan holdings totaled 1,004 shares as of the report date. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Seller: 600 shares

Net Sell 1 txn

Insider Witczak Eric James

Role EVP - Retail & Ag Banking

Sold 600 shs ($104K)

Share of Position Sold 1.8%

Type	Security	Shares	Price	Value
Sale	Common Stock ^{F1, F2}	600	$173.11	$104K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 32,724 shares (Direct); Common Stock — 6,783 shares (Indirect, By 401(k) Plan)

Holdings Before and After: Common Stock, 33,324 to 32,724 shares (Direct)

Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (2)

F1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.00 to $173.14, inclusive. Mr. Witczak undertakes to provide to Nicolet Bankshares, Inc., any security holder of Nicolet Bankshares, Inc., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2. Includes 36 additional shares acquired under the Employee Stock Purchase Plan since Mr. Witczak's last Form 4 filing on July 29, 2026. Mr. Witczak owns a total of 1,004 shares in the Employee Stock Purchase Plan as of the date of this report.

Key Figures

Common stock sold: 600 shares Weighted average sale price: $173.11 per share Sale price range: $173.00-$173.14 per share +3 more

6 metrics

Common stock sold 600 shares November 6, 2026

Weighted average sale price $173.11 per share November 6, 2026

Sale price range $173.00-$173.14 per share Multiple transactions on November 6, 2026

Direct holdings after sale 32,724 shares After the November 6, 2026 sale

Indirect holdings through 401(k) Plan 6,783 shares Reported with the November 6, 2026 transaction

Employee Stock Purchase Plan holdings 1,004 shares As of the report date

Key Terms

weighted average price, Employee Stock Purchase Plan, 401(k) Plan

3 terms

weighted average price financial

"The price reported in column 4 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Employee Stock Purchase Plan financial

"owns a total of 1,004 shares in the Employee Stock Purchase Plan"

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.

401(k) Plan financial

"By 401(k) Plan"

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many NIC shares did Eric James Witczak sell, and at what price?

Eric James Witczak sold 600 shares of common stock on November 6, 2026, at a weighted average price of $173.11 per share. The sales occurred in multiple transactions at prices ranging from $173.00 to $173.14.

What did Eric James Witczak report about his NIC employee stock purchase plan shares?

He reported 1,004 shares in the Employee Stock Purchase Plan as of the report date, including 36 additional shares acquired under the plan since his prior Form 4 filing on July 29, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Witczak Eric James

(Last)

(First)

(Middle)

C/O NICOLET NATIONAL BANK

111 NORTH WASHINGTON STREET

(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 - Retail & Ag Banking

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/06/2026		S		600	D	$173.11⁽¹⁾	32,724⁽²⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.00 to $173.14, inclusive. Mr. Witczak undertakes to provide to Nicolet Bankshares, Inc., any security holder of Nicolet Bankshares, Inc., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

2. Includes 36 additional shares acquired under the Employee Stock Purchase Plan since Mr. Witczak's last Form 4 filing on July 29, 2026. Mr. Witczak owns a total of 1,004 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	11/09/2026
	** 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)

Source: View Original Filing on SEC EDGAR