DANIELS MICHAEL E 4
4 · NICOLET BANKSHARES INC · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Nicolet Bankshares CEO Michael Daniels Gifts 7,738 Shares
What Happened Michael E. Daniels, Chairman, President & CEO (and director) of Nicolet Bankshares, transferred (gifted) 7,738 shares of Nicolet common stock on May 5, 2026. The Form 4 records two matching gift entries (code G): a disposal of 7,738 shares at $0.00 and an acquisition of 7,738 shares at $0.00 — reflecting the transfer of the shares into the Daniels Revocable Trust for no consideration. The filing reports $0 in proceeds because this was a gift/transfer, not a sale.
Key Details
- Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (timely filing).
- Reported trades: Gift (G) — 7,738 shares disposed @ $0.00 and 7,738 shares acquired @ $0.00.
- Shares held after transaction: The filing specifically reports 1,103 shares held in the Employee Stock Purchase Plan (ESPP). The Form 4 notes Mr. Daniels remains the beneficial owner of the shares transferred to the revocable trust; total direct/indirect holdings beyond the ESPP amount are not restated in this filing.
- Footnotes: (1) Includes 1,103 ESPP shares; no new ESPP purchases since his May 4, 2026 Form 4. (2) The 7,738-share transfer was to the Daniels Revocable Trust; Mr. Daniels is trustee and, with his spouse, a sole beneficiary, so he retains beneficial ownership.
- Filing timeliness: No late filing indicated.
Context Transfers to a revocable trust are commonly estate-planning moves and are coded as gifts for Form 4 purposes; they do not generate cash proceeds and do not necessarily signal a change in the insider’s view of the company. Because Mr. Daniels is trustee and a beneficiary, he retains beneficial ownership of the transferred shares.
Insider Transaction Report
- Gift
Common Stock
[F1][F2]2026-05-05−7,738→ 65,389 total - Gift
Common Stock
[F2]2026-05-05+7,738→ 61,452 total(indirect: By Trust)
- 6,252(indirect: By 401(k))
Common Stock
- 9,803(indirect: By Spouse)
Common Stock
Footnotes (2)
- [F1]Includes shares acquired under the Employee Stock Purchase Plan. Mr. Daniels has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on May 4, 2026. Mr. Daniels owns a total of 1,103 shares in the Employee Stock Purchase Plan as of the date of this report.
- [F2]On May 5, 2026, Mr. Daniels transferred 7,738 shares of Nicolet Bankshares, Inc. common stock to the Daniels Revocable Trust for no consideration. Mr. Daniels is trustee of the trust, and Mr. Daniels and his spouse are the sole beneficiaries of the trust. Mr. Daniels remains the beneficial owner of the securities held by the trust.