Perry Andre 4

What Happened
Perry Andre, a director of MidWestOne Financial Group, reported a disposition to the issuer of 1,091 shares of MOFG common stock on February 13, 2026. The filing lists the price and total value as N/A because the transaction occurred at the Effective Time of MidWestOne’s merger into Nicolet Bankshares, under which MOFG shares were canceled and converted into NIC common stock per the merger terms.

Key Details

• Transaction date: 2026-02-13 (Effective Time of the merger). Form 4 filed 2026-02-17 (appears timely given the Feb 16 holiday).
• Transaction type/code: Disposition to issuer (D); 1,091 MOFG shares disposed; price listed as N/A.
• Conversion mechanics: Under the merger, each MOFG share was converted into the right to receive 0.3175 shares of Nicolet (NIC) common stock. 1,091 MOFG shares correspond to approximately 346.39 NIC shares (1,091 × 0.3175), before any applicable withholding or adjustments.
• Shares owned after transaction: Not specified in the filing.
• Relevant footnotes: F1–F3 explain the merger with Nicolet, conversion ratio (0.3175), and that outstanding MOFG RSU awards were vested, canceled and converted into NIC shares (less withholding).

Context
This was a corporate-merger-related disposition (shares canceled/converted), not an open-market sale by the director. Such merger-driven conversions are routine corporate actions and should not be read as a personal buy/sell signal.