CHANEY CARL J 4

What Happened
Carl J. Chaney, a director of Nicolet Bankshares, Inc. (NIC), was credited with two stock acquisition entries on Feb 13, 2026: 767 shares and 2,224 shares of NIC common stock (total 2,991 shares). Both entries are reported as acquisitions at $0.00 per share because the shares were issued in connection with the merger between Nicolet and MidWestOne (a stock-for-stock exchange), not a cash purchase or sale.

Key Details

• Transaction date: February 13, 2026 (reported on Form 4 filed Feb 18, 2026). The filing is timely under the Form 4 deadline.
• Reported transactions: 767 shares @ $0.00 and 2,224 shares @ $0.00 (total 2,991 shares acquired).
• Shares owned after the transaction: not specified in the provided data.
• Footnotes: acquisitions resulted from the Merger Agreement dated Oct 23, 2025; each MidWestOne (MOFG) share was converted into 0.3175 NIC shares; Mr. Chaney’s MOFG shares were converted at that ratio.
• Transaction code: “A” (award/grant/other acquisition) — this is a merger conversion, not an open-market purchase or sale.

Context
These entries reflect a corporate merger exchange (MOFG merged into NIC), where MOFG holders received NIC shares under a set conversion ratio. The $0.00 per-share reporting is standard for stock-for-stock exchanges on Form 4 and does not mean the shares have no market value. This is a non-discretionary corporate event, so it doesn’t indicate a director-initiated buy or sell decision.