DANIELS MICHAEL E 4

What Happened
Michael E. Daniels, Chairman, President & CEO and a director of Nicolet Bankshares, transferred (gifted) 53,714 shares of Nicolet common stock to the Daniels Revocable Trust on April 30, 2026. The reported transactions show a disposition and an acquisition of 53,714 shares at $0.00 — the transfer was for no consideration and the total cash proceeds were $0. Footnote states Mr. Daniels is trustee and, with his spouse, a sole beneficiary of the trust, and he remains the beneficial owner of the securities held by the trust.

Key Details

• Transaction date: April 30, 2026; Report filed: May 4, 2026 (4 days later). Form 4s are generally due within 2 business days of the transaction, so this filing was after that window.
• Transaction type/code: Gift (G); price per share reported $0.00; total proceeds $0.
• Shares moved: 53,714 shares transferred to the Daniels Revocable Trust.
• Beneficial ownership: Mr. Daniels remains the beneficial owner of the shares held by the trust (per footnote).
• ESPP note: Includes an additional 42 shares acquired under the Employee Stock Purchase Plan since his last Form 4; Mr. Daniels holds 1,103 shares in the ESPP as of this report.
• No indication of a 10b5-1 plan, tax withholding, or cash sale in this filing.

Context
Gifts or transfers to family trusts are common estate-planning moves and do not necessarily signal a change in an insider's view of the company. Because Mr. Daniels remains trustee and beneficiary of the trust, his economic exposure and beneficial ownership are effectively unchanged by this transfer.