Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


            Appointment of Certain Officers; Compensatory Arrangements of Certain
            Officers.

On January 10, 2023, the Board of Directors (the "Board") of NI Holdings, Inc. (the "Company") increased the number of directors on the Board to eight directors and appointed Prakash Mathew as a Class II director of the Company to fill the resulting vacancy, effective February 1, 2023, to serve until the 2024 Annual Meeting of Stockholders, or until his earlier death, disqualification, resignation, or removal. The Board has determined that Mr. Mathew is an independent director under the listing standards of the Nasdaq Capital Market. As of the date of this Current Report on Form 8-K (this "Report"), the Board has not appointed Mr. Mathew to any committees of the Board. The Company will amend this Report when Mr. Mathew is appointed to any Board committees.

There are no family relationships between Mr. Mathew and any director or executive officer of the Company and Mr. Mathew does not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Upon the effectiveness of Mr. Mathew's appointment to the Board, Mr. Mathew will be eligible to receive the standard compensation received by non-employee directors, which compensation was last described in the Company's Definitive Proxy Statement filed with the Securities and Exchange Commission (the "SEC") on April 12, 2022, and is incorporated herein by reference.

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