and the exhibit attached hereto is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such document or filing.

Director — Dana J. Kaldor and Callie J. Thomas: Appointment of new non-employee directors to the Board.

and the exhibit attached hereto is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such document or filing.

and the exhibit attached hereto is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such document or filing.

Director — Duaine C. Espegard: Mr. Espegard will not stand for re-election at the Company’s 2026 annual meeting of stockholders.

and the exhibit attached hereto is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such document or filing.

President and Chief Executive Officer — Seth C. Daggett: Mr. Daggett's employment was terminated without cause.

President and Chief Executive Officer — Cindy L. Launer: Cindy L. Launer was promoted to President and Chief Executive Officer.

CEO — Seth C. Daggett: Mr. Daggett's departure is a termination without cause, resulting in severance payments.

Other Events. On August 25, 2025, the Company issued a press release announcing a share repurchase plan. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein in its entirety by reference.

Chief Accounting Officer — Kevin Elfstrand: Kevin Elfstrand was promoted to Chief Accounting Officer within the company.

member of the Compensation Committee — Dave L. Stende: Mr. Stende was appointed as a member of the Compensation Committee.

and the exhibit attached hereto is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such document or filing.

Director — Dave L. Stende: Appointment of Dave L. Stende as a director to serve on the Board and Audit Committee.

and the exhibit attached hereto is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such document or filing.

Chief Financial Officer — Matt Maki: Matt Maki was promoted from Interim Chief Financial Officer to full-time Chief Financial Officer.

Director — Stephen V. Marlow: Mr. Marlow decided not to stand for reelection at the Company’s 2025 annual meeting of stockholders.

Senior Vice President, Operations — Patrick W. Duncan: Mr. Duncan's employment was terminated without cause.

President and Chief Executive Officer — Seth C. Daggett: Seth C. Daggett was promoted to President and Chief Executive Officer.

and the Exhibit attached hereto is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such document or filing.

Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review. On October 25, 2024, the Audit Committee of the Board of Directors (the “Audit Committee”) of NI Holdings, Inc. (the “Company”) determined, upon the recommendation of Company management, that the Company’s unaudited financial statements in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (“prior period financial statements”) and any earnings releases or other comm…

President and Chief Executive Officer — Michael J. Alexander: Mr. Alexander's employment was terminated without cause.

Interim Chief Executive Officer — Cindy L. Launer: Ms. Launer was appointed as Interim Chief Executive Officer with a specified salary.

CEO — Michael J. Alexander: Mr. Alexander was terminated without cause and received severance payments.

and the Exhibit attached hereto is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such document or filing.