CIK 0001174850
NIC NICOLET BANKSHARES INC
Insider trading from SEC Form 4. Last filing Dec 30, 2024.
Last 90 days
Net insider value
$0
no open-market trades
Buys
0
$0 by 0 insiders
Sells
0
$0 by 0 insiders
Insiders on file
7
with a Form 4 at this company
Signals
Open-market buys and sells at NICOLET BANKSHARES INC, scored.
| Score | Side | Insider | Value | Shares | Holdings change | Price context | Filed |
|---|---|---|---|---|---|---|---|
| 36Weak | sell 2 | ATWELL ROBERT BRUCE director | $860k | 7,609 | -19% | - | |
| 38Weak | sell 2 | ATWELL ROBERT BRUCE director | $1.0M | 8,945 | -21% | - | |
| 24Weak | sell 2 | ATWELL ROBERT BRUCE director | $389k | 3,446 | -9% | - | |
| 8Weak | sell 2 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | $17k | 146 | -0% | - | |
| 43Moderate | sell 4 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | $834k | 7,354 | -24% | - | |
| 41Moderate | sell 4 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | $692k | 6,000 | -18% | - | |
| 55Moderate | sell 4 | DANIELS MICHAEL E Chairman, President & CEO | $1.3M | 11,449 | -15% | - | |
| 50Moderate | sell 4 | Witczak Eric James EVP & Secretary | $2.3M | 20,343 | -44% | - | |
| 45Moderate | sell 4 | ATWELL ROBERT BRUCE director | $1.1M | 9,986 | -23% | - | |
| 50Moderate | sell 4 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | $1.5M | 13,500 | -43% | - | |
| 15Weak | sell 4 | ATWELL ROBERT BRUCE director | $1,540 | 14 | -0% | - | |
| 60Notable | sell 4 | DANIELS MICHAEL E Chairman, President & CEO | $6.8M | 63,551 | -47% | - | |
| 50Moderate | sell 4 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | $1.4M | 13,500 | -34% | - | |
| 60Notable | sell 4 | Witczak Eric James EVP & Secretary | $3.7M | 33,657 | -57% | - | |
| 50Moderate | sell 4 | ATWELL ROBERT BRUCE director | $1.8M | 17,092 | -47% | - | |
| 37Weak | sell 4 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | $469k | 4,560 | -15% | - | |
| 25Weak | sell 4 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | $111k | 1,079 | -4% | - | |
| 60Notable | sell 3 | DANIELS MICHAEL E Chairman, President & CEO | $2.9M | 29,071 | -29% | - | |
| 47Moderate | sell 3 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | $804k | 7,861 | -29% | - | |
| 43Moderate | sell 3 | ATWELL ROBERT BRUCE director | $253k | 2,500 | -7% | - | |
| 29Weak | sell 3 | ATWELL ROBERT BRUCE director | $300k | 2,908 | -8% | - |
Transactions
The last 100 rows filed, every code.
| Date | Insider | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|---|
| Dec 26, 2024 | ATWELL ROBERT BRUCE director | GGift Common Stock | -1,300 | $0.00 | $0 | 30,531 | Dec 30, 2024 |
| Dec 10, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Common Stock | +7,609 | $48.85 | $372k | 40,440 | Dec 11, 2024 |
| Dec 10, 2024 | ATWELL ROBERT BRUCE director | SOpen-market sale Common Stock | -7,609 | $113.00 | $860k | 32,831 | Dec 11, 2024 |
| Dec 11, 2024 | ATWELL ROBERT BRUCE director | GGift Common Stock | -1,000 | $0.00 | $0 | 31,831 | Dec 11, 2024 |
| Dec 10, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Stock Option (Right to Buy)derivative | -7,609 | $0.00 | $0 | 105,000 | Dec 11, 2024 |
| Dec 5, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Common Stock | +8,945 | $48.85 | $437k | 41,776 | Dec 6, 2024 |
| Dec 5, 2024 | ATWELL ROBERT BRUCE director | SOpen-market sale Common Stock | -8,945 | $113.00 | $1.0M | 32,831 | Dec 6, 2024 |
| Dec 5, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Stock Option (Right to Buy)derivative | -8,945 | $0.00 | $0 | 112,609 | Dec 6, 2024 |
| Dec 2, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Common Stock | +3,446 | $48.85 | $168k | 36,277 | Dec 4, 2024 |
| Dec 2, 2024 | ATWELL ROBERT BRUCE director | SOpen-market sale Common Stock | -3,446 | $113.00 | $389k | 32,831 | Dec 4, 2024 |
| Dec 2, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Stock Option (Right to Buy)derivative | -3,446 | $0.00 | $0 | 121,554 | Dec 4, 2024 |
| Nov 26, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Common Stock | +146 | $48.85 | $7,132 | 29,739 | Nov 27, 2024 |
| Nov 26, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -87 | $112.97 | $9,828 | 29,652 | Nov 27, 2024 |
| Nov 26, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -20 | $113.09 | $2,262 | 29,632 | Nov 27, 2024 |
| Nov 26, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -10 | $113.45 | $1,135 | 29,622 | Nov 27, 2024 |
| Nov 26, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -29 | $114.02 | $3,307 | 29,593 | Nov 27, 2024 |
| Nov 26, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Stock Option (Right to Buy)derivative | -146 | $0.00 | $0 | 0 | Nov 27, 2024 |
| Nov 22, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Common Stock | +1,516 | $48.85 | $74k | 31,109 | Nov 26, 2024 |
| Nov 22, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -1,196 | $112.85 | $135k | 29,913 | Nov 26, 2024 |
| Nov 22, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -220 | $112.86 | $25k | 29,693 | Nov 26, 2024 |
| Nov 22, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -100 | $112.87 | $11k | 29,593 | Nov 26, 2024 |
| Nov 25, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Common Stock | +5,838 | $48.85 | $285k | 35,431 | Nov 26, 2024 |
| Nov 25, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -4,550 | $113.34 | $516k | 30,881 | Nov 26, 2024 |
| Nov 25, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -1,276 | $114.43 | $146k | 29,605 | Nov 26, 2024 |
| Nov 25, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -6 | $115.88 | $695 | 29,599 | Nov 26, 2024 |
| Nov 25, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -6 | $115.89 | $695 | 29,593 | Nov 26, 2024 |
| Nov 22, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Stock Option (Right to Buy)derivative | -1,516 | $0.00 | $0 | 5,984 | Nov 26, 2024 |
| Nov 25, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Stock Option (Right to Buy)derivative | -5,838 | $0.00 | $0 | 146 | Nov 26, 2024 |
| Nov 19, 2024 | BOHN WILLIAM M EVP Wealth Mgmt - Nicolet Bank | AGrant or award Common Stock | +2,125 | $109.82 | $233k | 12,125 | Nov 21, 2024 |
| Nov 19, 2024 | DANIELS MICHAEL E Chairman, President & CEO | AGrant or award Common Stock | +9,560 | $109.82 | $1.0M | 81,639 | Nov 21, 2024 |
| Nov 19, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | AGrant or award Common Stock | +3,195 | $109.82 | $351k | 29,692 | Nov 21, 2024 |
| Nov 19, 2024 | MOORE HUBERT PHILLIP JR CFO | AGrant or award Common Stock | +3,605 | $109.82 | $396k | 33,253 | Nov 21, 2024 |
| Nov 19, 2024 | Witczak Eric James EVP & Secretary | AGrant or award Common Stock | +3,605 | $109.82 | $396k | 28,941 | Nov 21, 2024 |
| Nov 20, 2024 | ATWELL ROBERT BRUCE director | FTax withholding Common Stock | -166 | $109.48 | $18k | 32,831 | Nov 21, 2024 |
| Nov 20, 2024 | Witczak Eric James EVP & Secretary | FTax withholding Common Stock | -111 | $109.48 | $12k | 28,830 | Nov 21, 2024 |
| Nov 20, 2024 | DANIELS MICHAEL E Chairman, President & CEO | FTax withholding Common Stock | -185 | $109.48 | $20k | 81,454 | Nov 21, 2024 |
| Nov 20, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | FTax withholding Common Stock | -99 | $109.48 | $11k | 29,593 | Nov 21, 2024 |
| Nov 15, 2024 | COLON HECTOR director | GGift Common Stock | -225 | $0.00 | $0 | 3,392 | Nov 15, 2024 |
| Nov 14, 2024 | ATWELL ROBERT BRUCE director | FTax withholding Common Stock | -318 | $111.79 | $36k | 32,997 | Nov 15, 2024 |
| Nov 14, 2024 | DANIELS MICHAEL E Chairman, President & CEO | FTax withholding Common Stock | -355 | $111.79 | $40k | 72,079 | Nov 15, 2024 |
| Nov 14, 2024 | Witczak Eric James EVP & Secretary | FTax withholding Common Stock | -194 | $111.79 | $22k | 25,336 | Nov 15, 2024 |
| Nov 13, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Common Stock | +6,000 | $48.85 | $293k | 32,674 | Nov 15, 2024 |
| Nov 13, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -3,000 | $115.10 | $345k | 29,674 | Nov 15, 2024 |
| Nov 13, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -3,000 | $115.49 | $346k | 26,674 | Nov 15, 2024 |
| Nov 14, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | FTax withholding Common Stock | -177 | $111.79 | $20k | 26,497 | Nov 15, 2024 |
| Nov 13, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Stock Option (Right to Buy)derivative | -6,000 | $0.00 | $0 | 7,500 | Nov 15, 2024 |
| Nov 11, 2024 | DANIELS MICHAEL E Chairman, President & CEO | MOption exercise Common Stock | +4,869 | $48.85 | $238k | 77,303 | Nov 13, 2024 |
| Nov 11, 2024 | Witczak Eric James EVP & Secretary | MOption exercise Common Stock | +20,343 | $48.85 | $994k | 45,873 | Nov 13, 2024 |
| Nov 11, 2024 | DANIELS MICHAEL E Chairman, President & CEO | SOpen-market sale Common Stock | -4,869 | $115.00 | $560k | 72,434 | Nov 13, 2024 |
| Nov 11, 2024 | Witczak Eric James EVP & Secretary | SOpen-market sale Common Stock | -10,172 | $112.22 | $1.1M | 35,701 | Nov 13, 2024 |
| Nov 12, 2024 | DANIELS MICHAEL E Chairman, President & CEO | MOption exercise Common Stock | +6,580 | $48.85 | $321k | 79,014 | Nov 13, 2024 |
| Nov 11, 2024 | Witczak Eric James EVP & Secretary | SOpen-market sale Common Stock | -10,171 | $114.00 | $1.2M | 25,530 | Nov 13, 2024 |
| Nov 12, 2024 | DANIELS MICHAEL E Chairman, President & CEO | SOpen-market sale Common Stock | -6,580 | $115.00 | $757k | 72,434 | Nov 13, 2024 |
| Nov 11, 2024 | Witczak Eric James EVP & Secretary | MOption exercise Stock Option (Right to Buy)derivative | -20,343 | $0.00 | $0 | 0 | Nov 13, 2024 |
| Nov 11, 2024 | DANIELS MICHAEL E Chairman, President & CEO | MOption exercise Stock Option (Right to Buy)derivative | -4,869 | $0.00 | $0 | 6,580 | Nov 13, 2024 |
| Nov 12, 2024 | DANIELS MICHAEL E Chairman, President & CEO | MOption exercise Stock Option (Right to Buy)derivative | -6,580 | $0.00 | $0 | 0 | Nov 13, 2024 |
| Nov 8, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Common Stock | +4,500 | $48.85 | $220k | 31,174 | Nov 12, 2024 |
| Nov 8, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Common Stock | +9,986 | $48.85 | $488k | 43,301 | Nov 12, 2024 |
| Nov 8, 2024 | ATWELL ROBERT BRUCE director | SOpen-market sale Common Stock | -9,986 | $110.00 | $1.1M | 33,315 | Nov 12, 2024 |
| Nov 8, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -4,500 | $110.90 | $499k | 26,674 | Nov 12, 2024 |
| Nov 11, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Common Stock | +9,000 | $48.85 | $440k | 35,674 | Nov 12, 2024 |
| Nov 11, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -4,500 | $111.85 | $503k | 31,174 | Nov 12, 2024 |
| Nov 8, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Stock Option (Right to Buy)derivative | -9,986 | $0.00 | $0 | 125,000 | Nov 12, 2024 |
| Nov 11, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -4,162 | $112.85 | $470k | 27,012 | Nov 12, 2024 |
| Nov 11, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -200 | $112.86 | $23k | 26,812 | Nov 12, 2024 |
| Nov 11, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -138 | $112.88 | $16k | 26,674 | Nov 12, 2024 |
| Nov 8, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Stock Option (Right to Buy)derivative | -4,500 | $0.00 | $0 | 22,500 | Nov 12, 2024 |
| Nov 11, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Stock Option (Right to Buy)derivative | -9,000 | $0.00 | $0 | 13,500 | Nov 12, 2024 |
| Nov 7, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Common Stock | +14 | $48.85 | $684 | 33,329 | Nov 8, 2024 |
| Nov 7, 2024 | Witczak Eric James EVP & Secretary | MOption exercise Common Stock | +33,657 | $48.85 | $1.6M | 59,187 | Nov 8, 2024 |
| Nov 6, 2024 | DANIELS MICHAEL E Chairman, President & CEO | MOption exercise Common Stock | +63,551 | $48.85 | $3.1M | 135,985 | Nov 8, 2024 |
| Nov 6, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Common Stock | +13,500 | $48.85 | $659k | 40,174 | Nov 8, 2024 |
| Nov 7, 2024 | ATWELL ROBERT BRUCE director | SOpen-market sale Common Stock | -14 | $110.00 | $1,540 | 33,315 | Nov 8, 2024 |
| Nov 7, 2024 | Witczak Eric James EVP & Secretary | SOpen-market sale Common Stock | -30,557 | $110.18 | $3.4M | 28,630 | Nov 8, 2024 |
| Nov 6, 2024 | DANIELS MICHAEL E Chairman, President & CEO | SOpen-market sale Common Stock | -54,126 | $104.99 | $5.7M | 81,859 | Nov 8, 2024 |
| Nov 6, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -6,750 | $105.85 | $714k | 33,424 | Nov 8, 2024 |
| Nov 7, 2024 | Witczak Eric James EVP & Secretary | SOpen-market sale Common Stock | -3,100 | $111.25 | $345k | 25,530 | Nov 8, 2024 |
| Nov 6, 2024 | DANIELS MICHAEL E Chairman, President & CEO | SOpen-market sale Common Stock | -9,425 | $115.00 | $1.1M | 72,434 | Nov 8, 2024 |
| Nov 6, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -6,750 | $106.85 | $721k | 26,674 | Nov 8, 2024 |
| Nov 7, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Stock Option (Right to Buy)derivative | -14 | $0.00 | $0 | 134,986 | Nov 8, 2024 |
| Nov 7, 2024 | Witczak Eric James EVP & Secretary | MOption exercise Stock Option (Right to Buy)derivative | -33,657 | $0.00 | $0 | 20,343 | Nov 8, 2024 |
| Nov 6, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Stock Option (Right to Buy)derivative | -13,500 | $0.00 | $0 | 27,000 | Nov 8, 2024 |
| Nov 6, 2024 | DANIELS MICHAEL E Chairman, President & CEO | MOption exercise Stock Option (Right to Buy)derivative | -63,551 | $0.00 | $0 | 11,449 | Nov 8, 2024 |
| Oct 28, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Common Stock | +2,721 | $48.85 | $133k | 36,036 | Oct 30, 2024 |
| Oct 28, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Common Stock | +4,560 | $48.85 | $223k | 31,234 | Oct 30, 2024 |
| Oct 28, 2024 | ATWELL ROBERT BRUCE director | SOpen-market sale Common Stock | -2,721 | $103.00 | $280k | 33,315 | Oct 30, 2024 |
| Oct 28, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -4,560 | $102.85 | $469k | 26,674 | Oct 30, 2024 |
| Oct 29, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Common Stock | +200 | $48.85 | $9,770 | 33,515 | Oct 30, 2024 |
| Oct 29, 2024 | ATWELL ROBERT BRUCE director | SOpen-market sale Common Stock | -200 | $103.00 | $21k | 33,315 | Oct 30, 2024 |
| Oct 28, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Stock Option (Right to Buy)derivative | -4,560 | $0.00 | $0 | 40,500 | Oct 30, 2024 |
| Oct 30, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Common Stock | +14,171 | $48.85 | $692k | 47,486 | Oct 30, 2024 |
| Oct 30, 2024 | ATWELL ROBERT BRUCE director | SOpen-market sale Common Stock | -14,171 | $103.00 | $1.5M | 33,315 | Oct 30, 2024 |
| Oct 28, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Stock Option (Right to Buy)derivative | -2,721 | $0.00 | $0 | 149,371 | Oct 30, 2024 |
| Oct 29, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Stock Option (Right to Buy)derivative | -200 | $0.00 | $0 | 149,171 | Oct 30, 2024 |
| Oct 30, 2024 | ATWELL ROBERT BRUCE director | MOption exercise Stock Option (Right to Buy)derivative | -14,171 | $0.00 | $0 | 135,000 | Oct 30, 2024 |
| Oct 25, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Common Stock | +1,079 | $48.85 | $53k | 27,753 | Oct 28, 2024 |
| Oct 25, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | SOpen-market sale Common Stock | -1,079 | $102.85 | $111k | 26,674 | Oct 28, 2024 |
| Oct 25, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Stock Option (Right to Buy)derivative | -1,079 | $0.00 | $0 | 45,060 | Oct 28, 2024 |
| Oct 23, 2024 | Hutjens Brad Vincent EVP - CCO - Nicolet Natl Bank | MOption exercise Common Stock | +200 | $48.85 | $9,770 | 26,874 | Oct 24, 2024 |
| Oct 23, 2024 | DANIELS MICHAEL E Chairman, President & CEO | MOption exercise Common Stock | +29,071 | $48.85 | $1.4M | 101,505 | Oct 24, 2024 |
Insiders
Everyone who has filed a Form 4 here.
- ATWELL ROBERT BRUCEdirector
- BOHN WILLIAM MEVP Wealth Mgmt - Nicolet Bank
- COLON HECTORdirector
- DANIELS MICHAEL EChairman, President & CEO
- Hutjens Brad VincentEVP - CCO - Nicolet Natl Bank
- MOORE HUBERT PHILLIP JRCFO
- Witczak Eric JamesEVP & Secretary
Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.