Nicolet Bankshares ownership filing shows BlackRock, Inc. beneficially owns 2,771,625 shares of Common Stock, representing 13.0% of the class. The filing lists sole voting power of 2,743,352 shares and sole dispositive power of 2,771,625. It also notes that iShares Core S&P Small-Cap ETF holds more than 5% of the common stock.
Positive
None.
Negative
None.
Insights
BlackRock reports a sizable 13.0% stake with near-complete voting and dispositive control.
The filing shows 2,771,625 shares beneficially owned and 2,743,352 shares with sole voting power. This identifies BlackRock as a large passive/strategic holder under Schedule 13G/A reporting conventions.
Timing and transactional intent are not stated; subsequent disclosures or amendments could show changes in position or classifications.
High voting and dispositive power implies BlackRock can influence corporate matters through share voting.
The filing attributes sole voting and dispositive power to BlackRock for most of its reported 2,771,625 shares. The statement that iShares Core S&P Small-Cap ETF holds >5% indicates overlapping large-holder relationships common in asset-manager reporting.
Further clarity may appear in exhibits identifying the reporting business units and any controlled subsidiaries.
Key Figures
Beneficially owned shares:2,771,625 sharesPercent of class:13.0%Sole voting power:2,743,352 shares+2 more
5 metrics
Beneficially owned shares2,771,625 sharesAmount beneficially owned reported in Item 4(a)
Percent of class13.0%Percent of class reported in Item 4(b)
Sole voting power2,743,352 sharesItem 4(c)(i) - Sole power to vote or direct vote
Sole dispositive power2,771,625 sharesItem 4(c)(iii) - Sole power to dispose or direct disposition
Amendment numberAmendment No. 5Cover heading
Key Terms
Schedule 13G/A, Beneficially owned, Sole dispositive power
3 terms
Schedule 13G/Aregulatory
"Cover and header identifying the filing as Amendment No. 5"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficially ownedfinancial
"Item 4(a): Amount beneficially owned: 2771625"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole dispositive powerregulatory
"Item 4(c)(iii): Sole power to dispose or to direct the disposition of: 2771625"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does BlackRock hold in Nicolet Bankshares (NIC)?
BlackRock beneficially owns 2,771,625 shares, representing 13.0% of common stock. The filing also reports sole voting power for 2,743,352 shares and sole dispositive power for 2,771,625.
Does the filing show who at BlackRock filed the Schedule 13G/A?
Yes. The filing is signed by Spencer Fleming, Managing Director with a signature date of 07/08/2026. It identifies BlackRock, Inc. and lists its principal office at 50 Hudson Yards, New York, NY.
Is any other entity reported as holding more than 5% of NIC shares?
Yes. The filing states that iShares Core S&P Small-Cap ETF has an interest exceeding 5% of Nicolet Bankshares' outstanding common stock. No further percentage for that ETF is provided in the excerpt.
What powers does BlackRock report over the shares of NIC?
BlackRock reports sole power to vote for 2,743,352 shares and sole power to dispose for 2,771,625 shares. Shared voting and dispositive powers are reported as 0 in the excerpt.
Is this Schedule 13G/A an initial filing or an amendment?
The cover indicates this is Amendment No. 5 to the Schedule 13G, filed under BlackRock, Inc.'s reporting. The excerpt does not state prior amendment dates or the original filing date.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 5)
NICOLET BANKSHARES INC
(Name of Issuer)
Common Stock
(Title of Class of Securities)
65406E102
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
65406E102
1
Names of Reporting Persons
BlackRock, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,743,352.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,771,625.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,771,625.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.0 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
NICOLET BANKSHARES INC
(b)
Address of issuer's principal executive offices:
111 N WASHINGTON ST Green Bay WI 54301
Item 2.
(a)
Name of person filing:
BlackRock, Inc.
In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)
Address or principal business office or, if none, residence:
BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)
Citizenship:
See Item 4 of Cover Page
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
65406E102
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
2771625
(b)
Percent of class:
13.0 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
2743352
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
2771625
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The interest of 1 such person, iShares Core S&P Small-Cap ETF, in the common stock of NICOLET BANKSHARES INC is more than five percent of the total outstanding common stock.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit 99
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
