Form 4: Nicolet Bankshares Director Buys 105 Shares

Nicolet Bankshares Director Christopher J. Ghidorzi acquired 105 shares of common stock at $121.52 per share through a pre-arranged plan.

Summary

• Christopher J. Ghidorzi, a Director of Nicolet Bankshares Inc. (NIC), reported the acquisition of 105 shares of common stock.
• The transaction occurred on November 4, 2025, with shares purchased at a price of $121.52 per share.
• This purchase was made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
• Following this transaction, Mr. Ghidorzi directly beneficially owns 8,456 shares of common stock.
• Additionally, Mr. Ghidorzi indirectly beneficially owns 3,360.427 shares through the Nicolet National Bank Deferred Compensation Plan For Non-employee Directors.

Sentiment

Score: 7

Explanation: The sentiment is positive due to insider buying by a director, which generally indicates confidence in the company. The purchase being part of a 10b5-1 plan suggests a planned, rather than reactive, investment.

Positives

• Insider buying by a Director, Christopher J. Ghidorzi, signals confidence in the company's future prospects.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-scheduled purchase rather than a reaction to immediate market events.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

Insider transactions, such as this director's purchase, are common in the banking sector. They are often viewed by investors as an indicator of management's belief in the company's valuation and future performance, especially within regional banks like Nicolet Bankshares.

Related Party Transactions

• Christopher J. Ghidorzi's indirect beneficial ownership of 3,360.427 shares is held through the Nicolet National Bank Deferred Compensation Plan For Non-employee Directors, which is an arrangement between the company and its director.

Stakeholder Impact

• Shareholders may view the director's purchase as a positive signal, potentially reinforcing confidence in the company's stock.
• The transaction, being part of a pre-arranged plan, suggests stability in the director's investment strategy.

Key Dates

Recommendation

The director's purchase of shares, even if part of a pre-arranged 10b5-1 plan, is a positive signal of confidence in Nicolet Bankshares. While the transaction size is modest, insider buying generally suggests that those closest to the company believe its stock is undervalued or has strong future prospects. This action supports a 'hold' recommendation, as it provides a vote of confidence without indicating an immediate catalyst for a 'strong buy' or significant change in fundamentals.

Keywords

Nicolet Bankshares, NIC, Insider Trading, Form 4, Director Purchase, Stock Acquisition, 10b5-1 Plan, Financial Services, Banking