ATWELL ROBERT BRUCE

Director ATWELL ROBERT BRUCE sold 8,945 shares of NIC at $113.00 for $1,010,785.00, reducing holdings by 21.4%.

Director Atwell sold 8,945 shares at $113.00, reducing his holdings from 41,776 to 32,831 shares, a significant -21.4% reduction. The sale occurred near the 52-week high of $115.00, with the stock now at $111.65. Atwell's same-ticker history at NIC shows mixed timing outcomes: his most recent measurable sale on 2024-07-23 yielded a negative 90-day return of -2.5%, qualifying as well-timed (stock fell after), yet his other recent NIC sales (October–November) have shown positive 30-day returns of +8.2% to +10.0%, suggesting the stock has continued upward post-sale. His cross-ticker track record shows 10 prior sells with an average 90-day return of +2.9% and a well-timed rate of 50.00%, indicating his sales have been split between well-timed and poorly-timed outcomes historically. The current -2.9% 30-day change and +18.7% 90-day change reflect recent momentum, though insufficient time has elapsed to measure this December transaction's ultimate timing outcome.

Director Robert Bruce Atwell sold 9,986 shares of NIC at $110.00 on 2024-11-08; stock up 30.3% in 90 days.

Director Robert Bruce Atwell sold 9,986 shares at $110.00 on 2024-11-08, reducing his holdings by 23.1% to 33,315 shares. The sale occurred as the stock was trading -1.1% from its 52-week high of $115.00, and the stock has appreciated 30.3% over the prior 90 days and 17.6% over the prior 30 days. At his prior trades at NIC, both measurable 90-day outcomes showed negative returns (-9.6% and -8.6%), suggesting favorable timing, but this current sale was executed near a peak price after significant momentum. The cross-ticker track record shows a 50% well-timed rate on sells with modest average 90-day returns (+2.9%), indicating inconsistent timing ability across holdings.

Director Atwell sells 17,092 shares of NIC over 3 days for $1,760,476.00 at $103.00, reducing stake by 33.9% to 33,315 shares

Director Robert Bruce Atwell executed three separate sales totaling 17,092 shares for $1,760,476.00 between 2024-10-28 and 2024-10-30 at a blended average price of $103.00, reducing his holdings by 33.9% from 50,407 shares. The sales occurred near the 52-week high of $104.99 (within -2.0%), a relatively favorable exit window. At Nicolet Bankshares, Atwell's prior five trades (all sells, conducted on 2024-07-19 and 2024-07-23) show mixed timing outcomes: three of five achieved negative 90-day returns (-0.5%, -1.6%, -2.5%), indicating those were well-timed sales, while two showed positive 90-day returns (+7.2%, +7.7%). The current disposition represents a substantial reduction in his equity stake but does not constitute a full exit, leaving him with material continuing exposure at 33,315 shares post-transaction.

Director Atwell sold 10,000 shares at blended avg $101.58 on 2024-07-23 at near 52-week high of $103.17

Director Robert Bruce Atwell executed 3 separate sales totaling 10,000 shares for $1,015,754.78 at prices ranging from $100.59 to $102.64, reducing his holdings by 21.0% from 47.5K to 37.5K shares. The sales occurred near the stock's 52-week high of $103.17 (current price $102.03 is -1.1% from that peak), following sharp recent momentum: +30.3% over 30 days and +28.0% over 90 days. The company shows reasonable fundamentals with a P/E of 15.51 and $27.8M net income, but the director's prior pattern at NIC consists of 3 consecutive sells on 2024-07-19, suggesting sustained liquidation activity over a very short window. Without explicit disclosure of a 10b5-1 plan or other scheduled arrangement in the FACTS, this appears to be a discretionary sale sequence executed amid elevated valuations relative to the stock's recent range.

Nicolet Bankshares Director Robert Bruce Atwell sold 15,000 shares for $1,468,369.00 on 2024-07-19

Robert Bruce Atwell, a Director at Nicolet Bankshares, executed 3 separate sales totaling 15,000 shares for $1,468,369.00 at a blended average price of $97.89 on 2024-07-19. The sale reduced his holdings by 28.6%, from 52,515 to 37,515 shares post-transaction. The stock was trading at $100.17 at the time of filing, just -0.6% from its 52-week high of $100.81, and had appreciated 28.6% over the prior 30 days and 23.6% over the prior 90 days, representing a period of significant upward momentum. With NIC trading at a P/E of 15.22 and a market cap of $1,495,886,090.58, the transaction reflects a substantial reduction in the director's ownership stake during a period of strong price performance.