G. TIMOTHY LANEY - 14 Dec 2023 Form 4 Insider Report for National Bank Holdings Corp (NBHC)

Role: CHIEF EXECUTIVE OFFICER, Director
Signature: /s/ G. Timothy Laney
Issuer symbol: NBHC
Transactions as of: 14 Dec 2023
Transactions value $: -$233,111
Form type: 4
Filing time: 18 Dec 2023, 20:41:58 UTC
Previous filing: 02 May 2023
Next filing: 05 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NBHC	Common Stock	Options Exercise	$529,760	+28,000	+12%	$18.92	264,782	14 Dec 2023	Direct	F1, F2
transaction	NBHC	Common Stock	Tax liability	-$762,870	-20,102	-7.7%	$37.95	240,730	14 Dec 2023	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NBHC	Employee Stock Option (Right to Buy)	Options Exercise	$0	-28,000	-100%	$0^*	0	14 Dec 2023	Common Stock	28,000	$18.92	Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 14,000 options that were held in constructive trust pursuant to a divorce decree and accompanying qualified domestic relations orders.
F2	Includes 389 shares acquired under the National Bank Holdings Corporation Employee Stock Purchase Plan on August 31, 2023.
F3	Includes a reduction of 3,949 shares that were delivered to the reporting person's former spouse pursuant to a divorce decree and accompanying qualified domestic relations orders.
F4	Time-vested stock option award. Award vested in three equal annual installments, the first of which occurred on April 29, 2015.