Nicolet Bankshares Inc. Insider Trading

NIC

Last 12 months

Insiders bought 16K and sold $3.32M on the open market.

None of the selling was scheduled in advance under a 10b5-1 plan. Director Robert Bruce Atwell sold 994K on Feb 18, 16% of their stake, outside a plan.

Net open-market

−$3.3M

2 buys · 6 sales

Under a 10b5-1 plan

of the value sold

Insiders who bought / sold

2 / 2

executives and directors

Last open-market buy

Nov 2025

Nov 18, 2025

Get an email when NIC's executives or directors buy, or make a large sale outside a plan.

Trades · last 2 years

Date	Insider	Trade	Shares	Price	Value	Of their stake	Filing
Oct 23	Robert Bruce Atwell Director	SoldNo plan	3,556	$171.22	609K	9.1%	Form 4
Jul 27 – 28	Eric James Witczak EVP - Retail & Ag Banking	SoldNo plan 2 parts	1,557	$168.78 average	263K	3.7%	Form 4
Jul 24	Robert Bruce Atwell Director	SoldNo plan	2,662	$170.24	453K	7.0%	Form 4
Mar 12	Robert Bruce Atwell Director	SoldNo plan 3 parts	3,309	$149.82 average	496K	8.7%	Form 4
Mar 5	Robert Bruce Atwell Director	SoldNo plan 3 parts	3,331	$150.67 average	502K	8.8%	Form 4
Feb 18	Robert Bruce Atwell Director	SoldNo plan	6,396	$155.47	994K	16%	Form 4
Nov 18, 2025	Hubert Phillip Moore Jr CFO	Bought	25	$120.35	3K	<0.1%	Form 4
Nov 4, 2025	Christopher J. Ghidorzi Director	Bought	105	$121.52	13K	0.9%	Form 4
Oct 30, 2025	Robert J Weyers Director	Bought 3 parts	3,000	$115.73 average	347K	2.9%	Form 4
Oct 30, 2025	Hubert Phillip Moore Jr CFO	Bought	240	$115.84	28K	0.7%	Form 4
Aug 27, 2025	Eric James Witczak EVP & Secretary	SoldNo plan	1,588	$139.42	221K	4.3%	Form 4
Aug 26, 2025	Eric James Witczak EVP & Secretary	SoldNo plan	1,564	$136.70	214K	4.2%	Form 4
Jul 21, 2025	Robert Bruce Atwell Director	SoldNo plan 3 parts	6,904	$139.47 average	963K	17%	Form 4
Jul 18, 2025	Eric James Witczak EVP & Secretary	SoldNo plan	5,000	$139.77	699K	12%	Form 4
Jun 9, 2025	Robert Bruce Atwell Director	SoldNo plan	3,126	$118.30	370K	8.3%	Form 4
May 30, 2025	Robert Bruce Atwell Director	SoldNo plan 2 parts	3,208	$123.42 average	396K	8.5%	Form 4
Apr 23, 2025	Robert Bruce Atwell Director	SoldNo plan 4 parts	6,192	$115.85 average	717K	15%	Form 4
Apr 21, 2025	Susan L Merkatoris Director	SoldNo plan 2 parts	3,700	$108.58 average	402K	4.5%	Form 4
Mar 7, 2025	Susan L Merkatoris Director	SoldNo plan	300	$115.26	35K	0.4%	Form 4
Feb 24, 2025	Robert Bruce Atwell Director	SoldNo plan	3,102	$117.65	365K	8.3%	Form 4
Feb 12, 2025	Robert Bruce Atwell Director	SoldNo plan	3,975	$118.08	469K	10%	Form 4
Jan 29, 2025	Robert Bruce Atwell Director	SoldNo plan	150	$110.05	17K	0.5%	Form 4
Jan 27, 2025	Susan L Merkatoris Director	SoldNo plan	1,000	$111.27	111K	1.2%	Form 4
Dec 10, 2024	Robert Bruce Atwell Director	SoldNo plan	7,609	$113.00	860K	19%	Form 4
Dec 5, 2024	Robert Bruce Atwell Director	SoldNo plan	8,945	$113.00	$1.01M	21%	Form 4
Dec 2, 2024	Robert Bruce Atwell Director	SoldNo plan	3,446	$113.00	389K	9.4%	Form 4
Nov 26, 2024	Brad Vincent Hutjens EVP - CCO - Nicolet Natl Bank	SoldNo plan 4 parts	146	$113.23 average	17K	0.5%	Form 4
Nov 22, 2024 – Nov 25, 2024	Brad Vincent Hutjens EVP - CCO - Nicolet Natl Bank	SoldNo plan 7 parts	7,354	$113.43 average	834K	19%	Form 4
Nov 13, 2024	Brad Vincent Hutjens EVP - CCO - Nicolet Natl Bank	SoldNo plan 2 parts	6,000	$115.30 average	692K	17%	Form 4
Nov 11, 2024 – Nov 12, 2024	Michael E Daniels Chairman, President & CEO	SoldNo plan 2 parts	11,449	$115.00 average	$1.32M	11%	Form 4
Nov 11, 2024	Eric James Witczak EVP & Secretary	SoldNo plan 2 parts	20,343	$113.11 average	$2.3M	39%	Form 4
Nov 8, 2024 – Nov 11, 2024	Brad Vincent Hutjens EVP - CCO - Nicolet Natl Bank	SoldNo plan 5 parts	13,500	$111.87 average	$1.51M	32%	Form 4
Nov 8, 2024	Robert Bruce Atwell Director	SoldNo plan	9,986	$110.00	$1.1M	23%	Form 4
Nov 7, 2024	Eric James Witczak EVP & Secretary	SoldNo plan 2 parts	33,657	$110.28 average	$3.71M	51%	Form 4
Nov 7, 2024	Robert Bruce Atwell Director	SoldNo plan	14	$110.00	2K	<0.1%	Form 4
Nov 6, 2024	Michael E Daniels Chairman, President & CEO	SoldNo plan 2 parts	63,551	$106.47 average	$6.77M	42%	Form 4
Nov 6, 2024	Brad Vincent Hutjens EVP - CCO - Nicolet Natl Bank	SoldNo plan 2 parts	13,500	$106.35 average	$1.44M	32%	Form 4

Oct 23No plan
Robert Bruce Atwell
Director · sold 3,556 at $171.22
609K
9.1% of stake
Jul 27 – 28No plan
Eric James Witczak
EVP - Retail & Ag Banking · sold 1,557 at avg $168.78
263K
3.7% of stake
Jul 24No plan
Robert Bruce Atwell
Director · sold 2,662 at $170.24
453K
7.0% of stake
Mar 12No plan
Robert Bruce Atwell
Director · sold 3,309 at avg $149.82
496K
8.7% of stake
Mar 5No plan
Robert Bruce Atwell
Director · sold 3,331 at avg $150.67
502K
8.8% of stake
Feb 18No plan
Robert Bruce Atwell
Director · sold 6,396 at $155.47
994K
16% of stake
Nov 18, 2025
Hubert Phillip Moore Jr
CFO · bought 25 at $120.35
3K
<0.1% of stake
Nov 4, 2025
Christopher J. Ghidorzi
Director · bought 105 at $121.52
13K
0.9% of stake
Oct 30, 2025
Robert J Weyers
Director · bought 3,000 at avg $115.73
347K
2.9% of stake
Oct 30, 2025
Hubert Phillip Moore Jr
CFO · bought 240 at $115.84
28K
0.7% of stake
Aug 27, 2025No plan
Eric James Witczak
EVP & Secretary · sold 1,588 at $139.42
221K
4.3% of stake
Aug 26, 2025No plan
Eric James Witczak
EVP & Secretary · sold 1,564 at $136.70
214K
4.2% of stake
Jul 21, 2025No plan
Robert Bruce Atwell
Director · sold 6,904 at avg $139.47
963K
17% of stake
Jul 18, 2025No plan
Eric James Witczak
EVP & Secretary · sold 5,000 at $139.77
699K
12% of stake
Jun 9, 2025No plan
Robert Bruce Atwell
Director · sold 3,126 at $118.30
370K
8.3% of stake
May 30, 2025No plan
Robert Bruce Atwell
Director · sold 3,208 at avg $123.42
396K
8.5% of stake
Apr 23, 2025No plan
Robert Bruce Atwell
Director · sold 6,192 at avg $115.85
717K
15% of stake
Apr 21, 2025No plan
Susan L Merkatoris
Director · sold 3,700 at avg $108.58
402K
4.5% of stake
Mar 7, 2025No plan
Susan L Merkatoris
Director · sold 300 at $115.26
35K
0.4% of stake
Feb 24, 2025No plan
Robert Bruce Atwell
Director · sold 3,102 at $117.65
365K
8.3% of stake
Feb 12, 2025No plan
Robert Bruce Atwell
Director · sold 3,975 at $118.08
469K
10% of stake
Jan 29, 2025No plan
Robert Bruce Atwell
Director · sold 150 at $110.05
17K
0.5% of stake
Jan 27, 2025No plan
Susan L Merkatoris
Director · sold 1,000 at $111.27
111K
1.2% of stake
Dec 10, 2024No plan
Robert Bruce Atwell
Director · sold 7,609 at $113.00
860K
19% of stake
Dec 5, 2024No plan
Robert Bruce Atwell
Director · sold 8,945 at $113.00
$1.01M
21% of stake
Dec 2, 2024No plan
Robert Bruce Atwell
Director · sold 3,446 at $113.00
389K
9.4% of stake
Nov 26, 2024No plan
Brad Vincent Hutjens
EVP - CCO - Nicolet Natl Bank · sold 146 at avg $113.23
17K
0.5% of stake
Nov 22, 2024 – Nov 25, 2024No plan
Brad Vincent Hutjens
EVP - CCO - Nicolet Natl Bank · sold 7,354 at avg $113.43
834K
19% of stake
Nov 13, 2024No plan
Brad Vincent Hutjens
EVP - CCO - Nicolet Natl Bank · sold 6,000 at avg $115.30
692K
17% of stake
Nov 11, 2024 – Nov 12, 2024No plan
Michael E Daniels
Chairman, President & CEO · sold 11,449 at avg $115.00
$1.32M
11% of stake
Nov 11, 2024No plan
Eric James Witczak
EVP & Secretary · sold 20,343 at avg $113.11
$2.3M
39% of stake
Nov 8, 2024 – Nov 11, 2024No plan
Brad Vincent Hutjens
EVP - CCO - Nicolet Natl Bank · sold 13,500 at avg $111.87
$1.51M
32% of stake
Nov 8, 2024No plan
Robert Bruce Atwell
Director · sold 9,986 at $110.00
$1.1M
23% of stake
Nov 7, 2024No plan
Eric James Witczak
EVP & Secretary · sold 33,657 at avg $110.28
$3.71M
51% of stake
Nov 7, 2024No plan
Robert Bruce Atwell
Director · sold 14 at $110.00
2K
<0.1% of stake
Nov 6, 2024No plan
Michael E Daniels
Chairman, President & CEO · sold 63,551 at avg $106.47
$6.77M
42% of stake
Nov 6, 2024No plan
Brad Vincent Hutjens
EVP - CCO - Nicolet Natl Bank · sold 13,500 at avg $106.35
$1.44M
32% of stake

How to read this. Insiders sell for many reasons: taxes, diversifying, a house. Open-market buys are rarer and say more. A 10b5-1 plan is a trading schedule set up months in advance, so those sales were not timed on news. Large holders (funds and 10% owners) are listed under Everything but not counted as insiders. If you own or watch NIC, we send a push when an executive buys or makes a large sale outside a plan.

Source: SEC Form 4 filings, filed within two business days of each trade and checked for new ones every hour.

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Held by ETFs

NIC is in 71 US ETFs. The largest of them, with NIC's weight in each:

Spot a number that looks wrong? Check it in NIC's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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