SEC Filing Analysis: NICOLET BANKSHARES INC (NIC)

Executive Summary

• Trading Significance: Low
• Key Takeaway: A director made a small, routine open-market purchase of common stock.
• Market Impact: This transaction is considered immaterial and is unlikely to have any impact on the stock's price or trading volume.

Company Information

Field	Value
Company	NICOLET BANKSHARES INC
Ticker Symbol	NIC
CIK	0001174850
Market Capitalization	$1.75 billion

Insider Information

Field	Value
Name	Ghidorzi Christopher J.
CIK	0001487072
Title/Position	null
Relationship	Director

Transaction Details

Field	Value
Form Type	4
Transaction Date	2025-11-04
Transaction Code	P (Open market or private purchase)
Security Type	Common Stock
Shares Involved	105
Price Per Share	$121.52
Total Value	$12,759.60
Shares Owned After	8,456 (Directly)
Ownership Type	Direct

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$12,759.60
% of Market Cap	0.0007%
Shares Transacted	105
% of Shares Outstanding	0.0007%
Post-Transaction Ownership	11,816 shares (0.08% of outstanding, including indirect holdings)
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: The transaction value of approximately $12.8K is negligible compared to the company's $1.75 billion market capitalization.
• Ownership Concentration: The purchase represents a minor addition to the insider's holdings, which remain a very small fraction (0.08%) of the total shares outstanding.
• Transaction Significance: The transaction falls well below the thresholds for moderate or high significance, both in terms of value and share volume.

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: The transaction is too small in both absolute and relative terms to signal any meaningful change in the insider's conviction or to influence market sentiment.

Volume & Sentiment

• Expected Volume Impact: Negligible. The transaction size is too small to affect trading volume.
• Sentiment Indicator: Neutral. This is a routine filing that does not provide a bullish or bearish signal.

Key Takeaways

1. A director of Nicolet Bankshares executed a small open-market purchase of 105 shares.
2. The total value of the transaction was approximately $12,800.
3. The trade is considered low significance due to its minuscule size relative to the company's market cap and shares outstanding.