William J. Munn - Jul 6, 2023 Form 4 Insider Report for NELNET INC (NNI)

Signature
/s/ Audra Hoffschneider, Attorney-in-Fact for William J. Munn
Stock symbol
NNI
Transactions as of
Jul 6, 2023
Transactions value $
-$228,250
Form type
4
Date filed
9/5/2023, 05:21 PM
Previous filing
Mar 14, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNI Class A Common Stock Gift $0 -8.92K -45.56% $0.00 10.7K Jul 6, 2023 Direct F1, F2
transaction NNI Class A Common Stock Gift $0 +8.92K $0.00 8.92K Jul 6, 2023 By Trust F1
transaction NNI Class A Common Stock Gift $0 -1.5K -14.07% $0.00 9.16K Jul 7, 2023 Direct F1, F3
transaction NNI Class A Common Stock Gift $0 +1.5K +16.81% $0.00 10.4K Jul 7, 2023 By Trust F1
transaction NNI Class A Common Stock Sale -$228K -2.5K -27.28% $91.30 6.66K Aug 31, 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares gifted to a living trust of which the reporting person and his spouse are the trustees and beneficiaries.
F2 Total number of shares has been adjusted to include 75 shares inadvertently omitted from prior reports.
F3 Includes 500 shares held jointly with spouse.
F4 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 1, 2023.