Company: NODK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000546
Chunk: 56

Company: NI Holdings, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 56
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        Number of 
 Securities to be 
      Issued Upon 
      Exercise of 
      Outstanding 
         Options, 
    Warrants, and 
        Rights(1) 
               (

# |     | -b)            
 Weighted-      
 Average        
 Exercise Price 
 of Outstanding 
 Options,       
 Warrants, and  
 Rights(2)      
 ($             |     |             -c) 
       Number of 
      Securities 
       Remaining 
   Available for 
 Future Issuance 
    Under Equity 
    Compensation 
           Plans 
      (Excluding 
      Securities 
    Reflected in 
  Column (a))(3) 
              (# |
| Equity Compensation Plans Approved by Security Holders     |     |          187,398 |     | —              |     |         550,926 |
| Equity Compensation Plans Not Approved by Security Holders |     |                — |     | —              |     |               — |
| Total                                                      |     |          187,398 |     | —              |     |         550,926 |

____________ (1)This amount reflects securities to be issued under outstanding awards of RSUs and PSUs. The performance -basedawards are reported as the number of shares that become eligible for vesting or exercisable if performance is at target level. The number of shares that are ultimately issued pursuant to the performance -basedawards could vary from the amounts reported based on the degree to which the performance goals are achieved. PSUs granted in 2022 with a performance period of 2022 -2024vested as of December 31, 2024, and are excluded from this amount. (2)RSUs and PSUs are exercised for no consideration. (3)This amount is comprised of securities available for issuance under the 2020 Plan.

Pay versus Performance

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information between executive compensation actually paid and the Company’s financial performance. Compensation Actually Paid (“CAP”) is calculated in accordance with Item 402(v) and does not represent compensation actually earned, paid, or realized by the NEOs during a covered year. The following table shows the relationship between CAP to our NEOs and certain performance measures for the last four years. The Company’s performance measures included in this table are cumulative total shareholder return (“TSR”), net income, and adjusted book value per share.

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