X0306 4 2020-05-05 0 0001475841 National Bank Holdings Corp NBHC 0001558067 Clermont Ralph W 7800 EAST ORCHARD ROAD SUITE 300 GREENWOOD VILLAGE CO 80111 1 0 0 0 Common Stock 2020-05-05 4 A 0 5010 0 A 6667 D Common Stock 74492 I Ralph W. Clermont Revocable Trust Total includes 5,010 unvested shares of restricted stock awarded under the NBHC 2014 Omnibus Incentive Plan that are scheduled to vest in two equal installments on (i) the 180th day following the date of grant and (ii) the day before NBHC's 2021 Annual Meeting of Shareholders. Includes 53,281 shares of common stock that were previously distributed from the reporting person to the reporting person's Revocable Trust, therefore changing his ownership of these shares from direct to indirect. /s/ Zsolt K. Bessko as Attorney-in-Fact 2020-05-06