X0306 4 2017-02-22 0 0001475841 National Bank Holdings Corp NBHC 0001558071 Spring Maria F 7800 EAST ORCHARD ROAD SUITE 300 GREENWOOD VILLAGE CO 80111 1 0 0 0 Common Stock 2017-02-22 4 S 0 3208 33.0727 D 26545 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.05 to $33.10, inclusive. 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. /s/ Zsolt K. Bessko as Attorney-in-Fact 2017-02-23