NIC

SEC source: 0001127602-23-029880 · form4.xml · nonDerivative · entry 2

Witczak Eric James · CIK 0001667436 · EVP & Secretary

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,953

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001127602-23-029876 · form4.xml · nonDerivative · entry 6

Madson Patrick Joseph · CIK 0001666799 · SVP-Wealth Mgmt-NicoletNatBank

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,032

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.59 to $81.65, inclusive. The reporting person 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 (2) to this Form 4.

F3 · balance_after: Includes 488 shares owned in the Employee Stock Purchase Plan. Mr. Madson has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing dated November 22, 2023.

SEC source: 0001127602-23-029876 · form4.xml · nonDerivative · entry 5

Madson Patrick Joseph · CIK 0001666799 · SVP-Wealth Mgmt-NicoletNatBank

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,078

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.59 to $81.55, inclusive. The reporting person 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.

SEC source: 0001127602-23-029875 · form4.xml · nonDerivative · entry 4

MERKATORIS SUSAN L · CIK 0001270220 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 91,598

F4 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.15 to $83.79, inclusive. The reporting person 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 price within the range set forth in footnote (4) to this Form 4.

SEC source: 0001127602-23-029875 · form4.xml · nonDerivative · entry 3

MERKATORIS SUSAN L · CIK 0001270220 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 92,098

F3 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.82 to $82.26, inclusive. The reporting person 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 (3) to this Form 4.

SEC source: 0001127602-23-029875 · form4.xml · nonDerivative · entry 2

MERKATORIS SUSAN L · CIK 0001270220 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 92,917

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.71 to $81.69, inclusive. The reporting person 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 (2) to this Form 4.

SEC source: 0001127602-23-029875 · form4.xml · nonDerivative · entry 1

MERKATORIS SUSAN L · CIK 0001270220 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 94,784

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.76 to $80.66, inclusive. The reporting person 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.

SEC source: 0001127602-23-029873 · form4.xml · nonDerivative · entry 5

ATWELL ROBERT BRUCE · CIK 0001253903 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,889

F4 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.92 to $83.73, inclusive. The reporting person 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 (4) to this Form 4.

F5 · balance_after: Includes shares acquired under the Employee Stock Purchase Plan. Mr. Atwell has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on December 13, 2023. Mr. Atwell owns a total of 459 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-029873 · form4.xml · nonDerivative · entry 4

ATWELL ROBERT BRUCE · CIK 0001253903 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 45,389

F3 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.89 to $82.67, inclusive. The reporting person 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 (3) to this Form 4.

SEC source: 0001127602-23-029873 · form4.xml · nonDerivative · entry 3

ATWELL ROBERT BRUCE · CIK 0001253903 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 45,876

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.80 to $81.65, inclusive. The reporting person 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 (2) to this Form 4.

SEC source: 0001127602-23-029873 · form4.xml · nonDerivative · entry 2

ATWELL ROBERT BRUCE · CIK 0001253903 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 47,353

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.74 to $80.68, inclusive. The reporting person 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.

SEC source: 0001127602-23-029554 · form4.xml · nonDerivative · entry 1

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 72,297

F1 · shares: Shares gifted to a Donor Advised Trust.

F2 · balance_after: Includes shares acquired under the Employee Stock Purchase Plan. Mr. Daniels has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on December 11, 2023. Mr. Daniels owns a total of 808 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-029555 · form4.xml · nonDerivative · entry 1

ATWELL ROBERT BRUCE · CIK 0001253903 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 47,889

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.22 to $78.80, inclusive. The reporting person 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 · balance_after: Includes shares acquired under the Employee Stock Purchase Plan. Mr. Atwell has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on December 7, 2023. Mr. Atwell owns a total of 459 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-029210 · form4.xml · nonDerivative · entry 1

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 78,797

F1 · balance_after: Includes shares acquired under the Employee Stock Purchase Plan. Mr. Daniels has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on November 22, 2023. Mr. Daniels owns a total of 808 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-029048 · form4.xml · nonDerivative · entry 3

ATWELL ROBERT BRUCE · CIK 0001253903 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 49,889

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.32 to $77.065, inclusive. The reporting person 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 (2) to this Form 4.

F3 · balance_after: Includes shares acquired under the Employee Stock Purchase Plan. Mr. Atwell has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on November 22, 2023. Mr. Atwell owns a total of 459 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-029048 · form4.xml · nonDerivative · entry 2

ATWELL ROBERT BRUCE · CIK 0001253903 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 50,889

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.44 to $76.98, inclusive. The reporting person 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.

SEC source: 0001127602-23-028225 · form4.xml · nonDerivative · entry 4

Witczak Eric James · CIK 0001667436 · EVP & Secretary

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,393

F3 · shares: Shares withheld to satisfy tax obligation of vested restricted stock.

F4 · balance_after: Includes shares acquired under the Employee Stock Purchase Plan. Mr. Witczak has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on November 16, 2023. Mr. Witczak owns a total of 834 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-028219 · form4.xml · nonDerivative · entry 4

Hutjens Brad Vincent · CIK 0001664629 · EVP - CCO - Nicolet Natl Bank

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,537

F3 · shares: Shares withheld to satisfy tax obligation of vested restricted stock.

F4 · balance_after: Includes shares acquired under the Employee Stock Purchase Plan. Mr. Hutjens has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on November 16, 2023. Mr. Hutjens owns a total of 595 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-028222 · form4.xml · nonDerivative · entry 7

Madson Patrick Joseph · CIK 0001666799 · SVP-Wealth Mgmt-NicoletNatBank

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,974

F3 · shares: Shares withheld to satisfy tax obligation of vested restricted stock.

F4 · balance_after: Includes 488 shares owned in the Employee Stock Purchase Plan. Mr. Madson has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing dated November 16, 2023.

SEC source: 0001127602-23-028214 · form4.xml · nonDerivative · entry 5

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 83,128

F3 · shares: Shares withheld to satisfy tax obligation of vested restricted stock.

F4 · balance_after: Includes shares acquired under the Employee Stock Purchase Plan. Mr. Daniels has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on November 16, 2023. Mr. Daniels owns a total of 808 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-028210 · form4.xml · nonDerivative · entry 1

ATWELL ROBERT BRUCE · CIK 0001253903 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 51,889

F1 · shares: Shares withheld to satisfy tax obligation of vested restricted stock.

F2 · balance_after: Includes shares acquired under the Employee Stock Purchase Plan. Mr. Atwell has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on November 21, 2023. Mr. Atwell owns a total of 459 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-028118 · form4.xml · nonDerivative · entry 2

MOORE HUBERT PHILLIP JR · CIK 0001866582 · CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,151

F1 · shares: Restricted shares awarded November 20, 2023. Awarded shares will vest as follows: 1/3 immediate, 1/3 on November 20, 2024, and 1/3 on November 20, 2025.

F2 · balance_after: Includes 82 shares acquired under the Employee Stock Purchase Plan, since my previous Form 4 filing dated April 24, 2023. I own a total of 208 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-028116 · form4.xml · nonDerivative · entry 4

ATWELL ROBERT BRUCE · CIK 0001253903 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 52,340

F3 · shares: Shares withheld to satisfy tax obligation of 1/3 immediate vest of restricted stock granted November 20, 2023.

F4 · balance_after: Includes shares acquired under the Employee Stock Purchase Plan. Mr. Atwell has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on November 16, 2023. Mr. Atwell owns a total of 459 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-028116 · form4.xml · nonDerivative · entry 3

ATWELL ROBERT BRUCE · CIK 0001253903 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 52,506

F2 · shares: Restricted shares awarded November 20, 2023. Awarded shares will vest as follows: 1/3 immediate, 1/3 on November 20, 2024, and 1/3 on November 20, 2025.

SEC source: 0001127602-23-028225 · form4.xml · nonDerivative · entry 3

Witczak Eric James · CIK 0001667436 · EVP & Secretary

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,543

F2 · shares: Shares withheld to satisfy tax obligation of 1/3 immediate vest of restricted stock granted November 20, 2023.

SEC source: 0001127602-23-028225 · form4.xml · nonDerivative · entry 2

Witczak Eric James · CIK 0001667436 · EVP & Secretary

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,619

F1 · shares: Restricted shares awarded November 20, 2023. Awarded shares will vest as follows: 1/3 immediate, 1/3 on November 20, 2024, and 1/3 on November 20, 2025.

SEC source: 0001127602-23-028219 · form4.xml · nonDerivative · entry 3

Hutjens Brad Vincent · CIK 0001664629 · EVP - CCO - Nicolet Natl Bank

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,675

F2 · shares: Shares withheld to satisfy tax obligation of 1/3 immediate vest of restricted stock granted November 20, 2023.

SEC source: 0001127602-23-028219 · form4.xml · nonDerivative · entry 2

Hutjens Brad Vincent · CIK 0001664629 · EVP - CCO - Nicolet Natl Bank

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,742

F1 · shares: Restricted shares awarded November 20, 2023. Awarded shares will vest as follows: 1/3 immediate, 1/3 on November 20, 2024, and 1/3 on November 20, 2025.

SEC source: 0001127602-23-028222 · form4.xml · nonDerivative · entry 6

Madson Patrick Joseph · CIK 0001666799 · SVP-Wealth Mgmt-NicoletNatBank

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,047

F2 · shares: Shares withheld to satisfy tax obligation of 1/3 immediate vest of restricted stock granted November 20, 2023.

SEC source: 0001127602-23-028222 · form4.xml · nonDerivative · entry 5

Madson Patrick Joseph · CIK 0001666799 · SVP-Wealth Mgmt-NicoletNatBank

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,078

F1 · shares: Restricted shares awarded November 20, 2023. Awarded shares will vest as follows: 1/3 immediate, 1/3 on November 20, 2024, and 1/3 on November 20, 2025.

SEC source: 0001127602-23-028214 · form4.xml · nonDerivative · entry 4

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 83,579

F2 · shares: Shares withheld to satisfy tax obligation of 1/3 immediate vest of restricted stock granted November 20, 2023.

SEC source: 0001127602-23-028214 · form4.xml · nonDerivative · entry 3

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 83,800

F1 · shares: Restricted shares awarded November 20, 2023. Awarded shares will vest as follows: 1/3 immediate, 1/3 on November 20, 2024, and 1/3 on November 20, 2025.

SEC source: 0001127602-23-028116 · form4.xml · nonDerivative · entry 2

ATWELL ROBERT BRUCE · CIK 0001253903 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 51,447

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.70 to $78.04, inclusive. Mr. Atwell 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 range set forth in footnote (1) to this Form 4.

SEC source: 0001127602-23-027633 · form4.xml · nonDerivative · entry 3

ATWELL ROBERT BRUCE · CIK 0001253903 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 54,447

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.38 to $76.27, inclusive. Mr. Atwell 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 at each separate price within the range set forth in footnote (2) to this Form 4.

F3 · balance_after: Includes 22 shares acquired under the Employee Stock Purchase Plan since Mr. Atwell's previous Form 4 filing dated August 14, 2023. Mr. Atwell owns a total of 459 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-027633 · form4.xml · nonDerivative · entry 2

ATWELL ROBERT BRUCE · CIK 0001253903 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 57,560

SEC source: 0001127602-23-027633 · form4.xml · nonDerivative · entry 1

ATWELL ROBERT BRUCE · CIK 0001253903 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 58,160

F1 · shares: Shares withheld to satisfy tax obligation of vested restricted stock.

SEC source: 0001127602-23-027631 · form4.xml · nonDerivative · entry 1

Witczak Eric James · CIK 0001667436 · EVP & Secretary

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 40,911

F1 · shares: Shares withheld to satisfy tax obligation of vested restricted stock.

F2 · balance_after: Includes 83 additional shares acquired under the Employee Stock Purchase Plan since Mr. Witczak's last Form 4 filing on April 24, 2023. Mr. Witczak owns a total of 834 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-027613 · form4.xml · nonDerivative · entry 3

Madson Patrick Joseph · CIK 0001666799 · SVP-Wealth Mgmt-NicoletNatBank

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,790

F1 · shares: Shares withheld to satisfy tax obligation of vested restricted stock.

F2 · balance_after: Includes 488 shares owned in the Employee Stock Purchase Plan. Mr. Madson has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing dated August 24, 2023.

SEC source: 0001127602-23-027607 · form4.xml · nonDerivative · entry 1

Hutjens Brad Vincent · CIK 0001664629 · EVP - CCO - Nicolet Natl Bank

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,115

F1 · shares: Shares withheld to satisfy tax obligation of vested restricted stock.

F2 · balance_after: Includes an additional 45 shares acquired under the Employee Stock Purchase Plan since Mr. Hutjens last Form 4 filing dated July 28, 2023. Mr. Hutjens owns a total of 595 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-027556 · form4.xml · nonDerivative · entry 1

MERKATORIS SUSAN L · CIK 0001270220 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 96,598

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.52 to $77.00, inclusive. Ms. Merkatoris 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 price within the range set forth in footnote (1) to this Form 4.

SEC source: 0001127602-23-027598 · form4.xml · derivative · entry 6

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 125,000

Underlying: Common Stock · 77,205 shares

Expires 2027-05-16

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_date: The non-qualified stock option fully vested as of May 16, 2022, and is currently exercisable as to all remaining 125,000 shares.

SEC source: 0001127602-23-027598 · form4.xml · nonDerivative · entry 5

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 82,390

F2 · price: The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $74.05 to $74.18, inclusive. Mr. Daniels 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 (2) to this Form 4.

F3 · balance_after: Includes a total of 808 shares owned by Mr. Daniels in the Employee Stock Purchase Plan. Mr. Daniels has not acquired additional shares under the Employee Stock Purchase Plan since Mr. Daniels last Form 4 filing dated November 8, 2023.

SEC source: 0001127602-23-027598 · form4.xml · nonDerivative · entry 4

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 159,595

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001127602-23-027598 · form4.xml · nonDerivative · entry 3

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 82,390

F1 · shares: Shares withheld to satisfy tax obligation of vested restricted stock.

SEC source: 0001127602-23-027071 · form4.xml · derivative · entry 10

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 202,205

Underlying: Common Stock · 1,731 shares

Expires 2027-05-16

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: The non-qualified stock option fully vested as of May 16, 2022, and is currently exercisable as to 202,205 shares.

SEC source: 0001127602-23-027071 · form4.xml · nonDerivative · entry 8

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 82,813

F3 · balance_after: Includes an additional 167 shares acquired under the Employee Stock Purchase Plan since Mr. Daniels last Form 4 filing dated November 23, 2022. Mr. Daniels owns a total of 808 shares in the Employee Stock Purchase Plan as of the date of this report.

SEC source: 0001127602-23-027071 · form4.xml · nonDerivative · entry 7

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 82,913

SEC source: 0001127602-23-027071 · form4.xml · nonDerivative · entry 6

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 84,544

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001127602-23-027071 · form4.xml · derivative · entry 9

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 203,936

Underlying: Common Stock · 21,064 shares

Expires 2027-05-16

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_date: The non-qualified stock option fully vested as of May 16, 2022, and was fully exercisable as to all 203,936 remaining shares after the November 6, 2023 exercise.

SEC source: 0001127602-23-027071 · form4.xml · nonDerivative · entry 5

DANIELS MICHAEL E · CIK 0001243706 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 82,813

F2 · price: The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $75.35 to $75.7725, inclusive. Mr. Daniels 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 (2) to this Form 4.