DANIELS MICHAEL E 4

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.