Company: NODK
Filing Date: 2025-10-29
Form Type: 8-K/A
Source: 0001174947-25-001307
Chunk: 2

Company: NI Holdings, Inc.
Filing Date: 2025-10-29
Form: 8-K/A
Chunk 2
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 consist of the following: (a) pro rata portion of annual base salary
of $750,000, (b) short-term incentive with a target payout of $150,000, and (c) a grant of $187,500 of restricted stock units with a standard
3-year vesting schedule, to be granted to Ms. Launer following the opening of the Company’s next trading window.

The Board of Directors further determined that, starting
on January 1, 2026, Ms. Launer’s compensation will consist of (a) annual base salary of $750,000, (b) annual short-term incentive
with a target payout equal to 80% of base salary (with payout percentages of 50% on threshold, 80% on target, and 140% on stretch), and
(c) annual long-term equity incentive equal to 100% of base salary with a standard 3-year vesting schedule.

Additionally, the Company will reimburse Ms. Launer
for moving expenses and provide short-term housing until she relocates to her new residence.

<div align='center'>SIGNATURE</div>

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

| Date: October 29, 2025 | NI Holdings, Inc. 
 By:               | /s/ Matthew J. Maki     |
|:-----------------------|:------------------|:------------------------|
|                        |                   | Matthew J. Maki         |
|                        |                   | Chief Financial Officer |