Form 4: NI Holdings CFO Reports Routine Stock Transaction

NI Holdings CFO Matthew Maki reported a disposition of 115 common shares at $13.27 to cover tax obligations from restricted stock unit vesting, now holding 43,201 shares.

Summary

• Matthew James Maki, Chief Financial Officer of NI Holdings, Inc. (NODK), reported a transaction involving the company's common stock.
• On January 2, 2026, 115 shares of common stock were disposed of at a price of $13.27 per share.
• This disposition was coded 'F', indicating shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units.
• Following this transaction, Matthew Maki beneficially owns 43,201 shares of common stock.
• The reported beneficial ownership includes 3,067 shares distributed from the Company's Employee Stock Ownership Plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction related to restricted stock unit vesting and tax withholding, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Industry Context

This filing is a routine insider transaction report, common across all industries for publicly traded companies when executives' equity compensation vests. It does not provide specific industry-related insights or competitive analysis.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes related to executive compensation.

Key Dates

Recommendation

This Form 4 details a routine insider transaction related to restricted stock unit vesting and tax withholding, which does not provide sufficient new information to alter an investment recommendation based on the company's fundamentals. The transaction is non-discretionary and for tax purposes, not an indication of management's view on the company's future prospects.

Keywords

NI Holdings, NODK, Form 4, Insider Transaction, CFO, Matthew Maki, Restricted Stock Units, RSU Vesting, Stock Ownership