GREEFF DOUGLAS H 4

What Happened

• Douglas H. Greeff, a director of MidWestOne Financial Group, reported a disposition to the issuer of 15,117 shares of MOFG common stock on February 13, 2026. No cash price is reported (N/A) because the shares were cancelled and converted under a merger rather than sold on the open market.
• Per the merger terms, each MOFG share was converted into 0.3175 shares of Nicolet Bankshares, Inc. (NIC) common stock. The 15,117 MOFG shares equate to approximately 4,799.65 NIC shares before any applicable tax withholding.

Key Details

• Transaction date: 2026-02-13 (Effective Time of merger); Form 4 filed 2026-02-17 (timely — filed two business days after the transaction given the Presidents' Day holiday).
• Transaction code: D (Disposition to the issuer); Price: N/A (conversion in merger).
• Shares disposed: 15,117 MOFG shares → ~4,799.65 NIC shares (0.3175 exchange ratio). Withholding taxes may have reduced the final NIC shares delivered.
• Footnotes of note:
  • F1–F3: The disposition and conversions occurred pursuant to the Agreement and Plan of Merger between MidWestOne and Nicolet (effective Feb 13, 2026). All outstanding MOFG common stock was cancelled and converted per the exchange ratio; MOFG RSU awards vested and were converted as described.
  • F4: The filing notes an increase of 55.091 shares due to dividend reinvestment since the reporting person's last Form 4.
• Shares owned after transaction: Not explicitly reported for MOFG (MOFG shares were cancelled); resulting NIC share balance after conversion/withholding is not specified in the filing.

Context

• This was not an open-market sale or a voluntary insider sale — it was an issuer-directed disposition resulting from MOFG’s merger into Nicolet. Such transactions reflect corporate action (merger conversion) rather than an insider signaling buying/selling intent.
• The economic value to Mr. Greeff depends on the market price of NIC shares received and any tax withholdings; the Form 4 does not state cash proceeds.