Form 4: Nicolet Bankshares Insider Trades Common Stock

Hubert Phillip Moore Jr., CFO of Nicolet Bankshares Inc., reported transactions involving common stock, including acquisitions under the Employee Stock Purchase Plan.

Summary

• Hubert Phillip Moore Jr., the Chief Financial Officer (CFO) of Nicolet Bankshares Inc., has filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• The filing indicates a transaction on May 15, 2026, where 65 shares of common stock were acquired directly, with no cost reported (indicated as $0).
• Following this transaction, Moore's direct beneficial ownership of common stock is 38,861 shares.
• Additionally, the report notes indirect beneficial ownership of 400 shares held by his spouse's IRA and 65 shares each held by two adult sons (totaling 130 shares indirectly held by adult sons).
• Moore explicitly disclaims beneficial ownership of the shares held by his adult sons, stating he has no pecuniary interest and that the filing is not an admission of beneficial ownership for any purpose.
• The acquisition of 65 shares on May 15, 2026, is coded as 'G', which typically signifies a grant, award, or similar transaction.
• Moore also mentions owning a total of 503 shares in the Employee Stock Purchase Plan as of the report date, with no new shares acquired under this plan since his last filing on April 28, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports routine insider transactions and does not contain significant positive or negative financial news.

Positives

• The CFO directly acquired 65 shares of common stock, indicating continued investment in the company.
• Moore's direct beneficial ownership remains substantial at 38,861 shares.
• The company has an Employee Stock Purchase Plan, which allows employees to acquire shares, with Moore holding 503 shares in this plan.

Negatives

• The filing does not provide details on the value or purpose of the 65 shares acquired, other than it was a direct acquisition with no reported cost.
• Moore's disclaimer of beneficial ownership for shares held by his adult sons could be perceived as an attempt to distance himself from potential future issues related to those holdings, though it is a standard practice for reporting purposes.

Risks

• While not explicitly stated as a risk, the disclaimer of beneficial ownership for shares held by adult sons could lead to scrutiny if those individuals engage in transactions that negatively impact the company's reputation or stock price.
• The lack of a reported price for the 65 acquired shares might obscure the true value of the transaction, although it is common for grants or awards under employee plans.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions related to beneficial ownership.

Management Comments

• "I disclaim beneficial ownership of these holdings by my adult son, I have no pecuniary interest in the holdings, and the filing of this report is not an admission that I am the beneficial owner of these shares for purposes of Section 16 or for any other purpose."
• "I have not acquired additional shares under the Employee Stock Purchase Plan since my last Form 4 filing on April 28, 2026. I own a total of 503 shares in the Employee Stock Purchase Plan as of the date of this report."

Industry Context

StockSavvy.ai notes that insider transactions, such as those reported by Nicolet Bankshares' CFO, are common in the banking sector. These filings provide transparency into the holdings and transactions of key executives and directors, offering insights into their confidence in the company's performance.

Related Party Transactions

• The filing notes indirect beneficial ownership of shares held by the reporting person's spouse's IRA and by adult sons. While the reporting person disclaims beneficial ownership of the shares held by his adult sons, these relationships are noted.

Stakeholder Impact

• Shareholders: The filing provides transparency into insider holdings, which can influence investor confidence. The acquisition of shares by the CFO may be viewed positively.
• Employees: The mention of the Employee Stock Purchase Plan indicates an ongoing mechanism for employee share acquisition.
• Management: The filing is a routine disclosure for management, ensuring compliance with SEC regulations.

Next Steps

• Continue to monitor future Form 4 filings from Nicolet Bankshares' insiders for any significant changes in beneficial ownership or transaction patterns.

Key Dates

Keywords

Nicolet Bankshares, Form 4, Insider Trading, Common Stock, Beneficial Ownership, Employee Stock Purchase Plan, CFO, Hubert Phillip Moore Jr., SEC Filing, Securities Transaction