Maki Matthew James 4

What Happened Matthew Maki, Chief Financial Officer of NI Holdings, had 119 shares withheld to satisfy tax withholding obligations related to restricted stock units (RSUs) that vested on February 3, 2026. The withheld shares are reported at a per-share value of $13.57, for a total of $1,615. This was not an open-market sale or purchase but a routine tax-withholding transaction following an award vesting.

Key Details

• Transaction date: February 3, 2026; Form 4 filed: February 5, 2026 (filed within typical two-business-day window).
• Transaction type/code: F — shares withheld to cover tax withholding upon RSU vesting.
• Shares withheld: 119 at $13.57 per share; total value reported: $1,615.
• Shares owned after the transaction: not specified in the provided filing summary.
• Footnote: F1 states the shares were withheld to satisfy withholding obligations upon the February 3, 2026 RSU vesting.
• Filing timeliness: Reported on Feb 5 for a Feb 3 transaction — appears timely (not indicated as late).

Context Withholding shares to cover taxes on vested RSUs is a routine administrative step and is not the same as an insider selling shares on the open market. Such transactions generally do not signal a change in insider sentiment about the company's prospects.