Form 4: NI Holdings CFO Reports RSU Vesting Tax Withholding
Insider Transaction Report
NI Holdings' Chief Financial Officer, Matthew James Maki, reported a routine transaction involving the withholding of 111 common shares to cover tax obligations from restricted stock unit vesting.
Summary
- Matthew James Maki, Chief Financial Officer of NI Holdings, Inc. (NODK), reported a transaction on December 1, 2025.
- The transaction involved the disposition of 111 shares of common stock at a price of $13.32 per share.
- These shares were withheld to satisfy tax withholding obligations upon the vesting of restricted stock units.
- Following this transaction, Mr. Maki beneficially owns 42,514 shares of common stock.
- The reported beneficial ownership includes 2,265 shares distributed from the Company's Employee Stock Ownership Plan (ESOP).
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction related to equity compensation and tax withholding, which is neutral in sentiment and expected in the normal course of business.
Positives
- The transaction reflects the vesting of restricted stock units, indicating the fulfillment of equity compensation terms for the CFO.
- The inclusion of 2,265 shares from the Employee Stock Ownership Plan (ESOP) suggests ongoing participation in employee benefit programs.
Negatives
- 111 shares were disposed of to cover tax obligations, which is a standard practice and not a negative event.
Future Outlook
NA
Industry Context
This is a routine insider transaction filing (Form 4) related to equity compensation, which is a common practice across all industries for executive remuneration. It does not provide specific insights into broader industry trends or competitive landscape.
Stakeholder Impact
- The transaction has a minimal and routine impact on shareholders, as it reflects a standard part of executive compensation and tax compliance. It does not indicate any significant change in company operations or financial health.
Key Dates
| Date | Description |
|---|---|
| 12/01/2025 | Date of earliest transaction (restricted stock unit vesting and share disposition for tax withholding) |
| 01/14/2026 | Date the Form 4 was signed and filed |
Keywords
NI Holdings, NODK, Form 4, Insider Transaction, CFO, Restricted Stock Units, Equity Compensation, Tax Withholding, Employee Stock Ownership Plan
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