X0306 4 2020-04-28 0 0001475841 National Bank Holdings Corp NBHC 0001558035 Newfield Richard U Jr. 7800 EAST ORCHARD ROAD, SUITE 300 GREENWOOD VILLAGE CO 80111 0 1 0 0 Chief Risk Mngmt Officer Common Stock 2020-04-28 4 F 0 1148 26.47 D 115086 D Common Stock 2020-04-30 4 M 0 50000 20 A 165086 D Common Stock 2020-04-30 4 S 0 50000 26.7874 D 115086 D Employee Stock Option (Right to Buy) 20 2020-04-30 4 M 0 50000 0 D 2021-01-25 Common Stock 50000 0 D Shares withheld to settle income tax liability on restricted stock that vested on April 28, 2020. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.50 to $27.37. The reporting person undertakes to provide to NBHC, any security holder of NBHC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4. Time-vested stock option award. Stock options vested in equal installments on October 21, 2011 and October 21, 2012. /s/ Richard U. Newfield, Jr. 2020-04-30