undamentalytics Newsletter

Nicolet Bankshares Inc insider trading

Every open-market purchase and sale by Nicolet Bankshares Inc's officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.
Nicolet Bankshares Inc insider open-market trades
DateInsiderTrade SharesPriceValue 1M after 3M after 6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following Nicolet Bankshares Inc’s insiders pay?

From May 4, 2016 to October 27, 2026, 24 insiders reported 33 open-market purchases and 153 sales not made under a pre-set plan in Nicolet Bankshares Inc. Twelve months after each purchase was reported, the shares were −1.8% against the S&P 500 on average (median +3.3%), over 30 purchases with a full year of prices; 50% beat the index. After sales, the shares moved +1.3% against the index over 12 months (a negative figure means selling was the right call). Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on June 17, 2016 into $42,014 by November 2, 2026, +14.9% a year. It held shares 78% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $31,873 (+11.8% a year), and held throughout $43,109 (+15.2%).

$0$20.0k$40.0k 201620182020202220242026 $43.1k$42.0k$31.9k
Copying Nicolet Bankshares Inc's insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by Nicolet Bankshares Inc's insiders from June 17, 2016, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 78% of the time.
Nicolet Bankshares Inc: each insider's record
InsiderRolePurchases12 months after their purchasesBeat the S&P 500Sales12 months after their salesLatest report
Atwell Robert Bruce Executive Chairman 0 — — 53 +4.5% (48) October 27, 2026
Daniels Michael E Chairman, President & CEO 1 −24.9% (1) 0% 19 +1.7% (19) November 13, 2024
Witczak Eric James EVP - Retail & Ag Banking 1 +15.5% (1) 100% 17 −0.5% (16) July 29, 2026
Merkatoris Susan L Director 2 +1.6% (2) 50% 13 +14.9% (13) April 23, 2025
Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank 1 −27.0% (1) 0% 12 +3.0% (12) November 27, 2024
Madson Patrick Joseph SVP-Wealth Mgmt-NicoletNatBank 0 — — 13 −4.3% (13) December 18, 2023
Lawson Ann Kuchera Chief Financial Officer 0 — — 8 −9.2% (8) January 25, 2022
Moore Hubert Phillip Jr CFO 7 −5.1% (6) 50% 0 — October 31, 2025
Weyers Robert J Director 7 +3.6% (6) 67% 0 — November 3, 2025
Herlache Thomas L Director 0 — — 6 +3.1% (6) May 1, 2019
Vogel Michael Joseph SVP Comm Bank-Nicolet Nat Bank 0 — — 4 −17.0% (4) December 11, 2019
Dykema John Nicholas Director 3 −17.4% (3) 0% 0 — July 25, 2022
Steppe Michael Joseph CIO - Nicolet National Bank 0 — — 3 −4.9% (3) February 7, 2019
Ghidorzi Christopher J. Director 2 −13.7% (1) 0% 0 — November 6, 2025
Gilson Michael J Director 0 — — 2 −10.5% (2) March 13, 2018
Long Donald J Jr Director 0 — — 2 −26.9% (2) November 2, 2020
Murphy William D Director 2 +29.8% (2) 100% 0 — August 24, 2016
Radzak Eric Peter Corp Dev Off Nicolet Nat Bank 1 −36.3% (1) 0% 1 −17.6% (1) May 9, 2022
Campos-Duffy Rachel Francis Director 1 +15.5% (1) 100% 0 — May 13, 2020
Colon Hector Director 1 +16.3% (1) 100% 0 — December 3, 2021
Davis Lynn Dale Director 1 −15.1% (1) 0% 0 — August 17, 2022
Jeanquart Louis James Director 1 +29.6% (1) 100% 0 — June 16, 2016
Smith Oliver Pierce Director 1 +14.1% (1) 100% 0 — December 15, 2021
Tobias Paul Davison Director 1 −29.1% (1) 0% 0 — May 3, 2022

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded Nicolet Bankshares Inc

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Nicolet Bankshares Inc in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 6 buying crowds with six months of prices, it averaged +8.7% against the index. After 10 selling crowds, −1.4%. One company's history is too short to judge by; the test across every company is the better guide.

MonthCrowd3 months on, vs S&P 5006 months12 months
November 28, 20253 buying+23.8%−1.8%not yet
July 31, 20244 selling−3.5%+2.1%+11.2%
November 30, 20233 selling−4.3%−8.5%+19.6%
August 31, 20233 selling−4.2%−8.9%+6.6%
April 28, 20232 buying+36.0%+22.2%+12.9%
May 31, 20227 buying−0.5%+3.4%−23.7%
March 31, 20223 selling−6.9%−4.5%−25.0%
December 31, 20213 buying+13.3%+4.3%+10.5%
August 31, 20212 buying−7.9%+27.2%+11.5%
October 30, 20203 selling−3.4%+2.5%−23.1%
April 30, 20202 buying−9.5%−3.1%−1.0%
September 30, 20195 selling+2.9%−5.8%−31.0%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Latest 12 of 16. Total returns from the month end; past patterns are not a forecast.

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