Matthew W. Dunlap - Mar 8, 2024 Form 4 Insider Report for NELNET INC (NNI)

Role
Chief Business Develop. Off., Director
Signature
/s/ Audra Hoffschneider, Attorney-in-Fact for Matthew W. Dunlap
Stock symbol
NNI
Transactions as of
Mar 8, 2024
Transactions value $
-$111,149
Form type
4
Date filed
3/12/2024, 05:35 PM
Previous filing
Jun 13, 2023
Next filing
Jun 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNI Class A Common Stock Award $0 +3.92K +36.66% $0.00 14.6K Mar 8, 2024 Direct F1, F2
transaction NNI Class A Common Stock Tax liability -$99.1K -1.15K -7.88% $86.02 13.5K Mar 8, 2024 Direct F3, F4
transaction NNI Class A Common Stock Tax liability -$2.57K -29 -0.22% $88.63 13.4K Mar 10, 2024 Direct F5, F6
transaction NNI Class A Common Stock Tax liability -$975 -11 -0.08% $88.63 13.4K Mar 10, 2024 Direct F5, F6
transaction NNI Class A Common Stock Tax liability -$2.57K -29 -0.22% $88.63 13.4K Mar 10, 2024 Direct F5, F6
transaction NNI Class A Common Stock Tax liability -$5.94K -67 -0.5% $88.63 13.3K Mar 10, 2024 Direct F5, F6
holding NNI Class B Common Stock 100 Mar 8, 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were issued to the reporting person pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2023 paid in stock, which the reporting person became entitled to receive on March 8, 2024.
F2 Includes 65 shares of Class A common stock acquired by the reporting person pursuant to the issuer's dividend reinvestment plan since June 13, 2023.
F3 These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 8, 2024 award by the issuer of 3,924 shares of bonus compensation stock.
F4 Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the average market closing price of the shares for February 28, 2024 through March 5, 2024.
F5 These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).
F6 Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 8, 2024.

Remarks:

This Form 4 excludes certain shares of the issuer held by various estate planning trusts and by a family limited liability company in which the reporting person has an interest by virtue of being a beneficiary of various trusts, but with respect to which shares the reporting person does not have or share investment control, because the reporting person does not have or share investment or dispositive power or voting power, and thus the reporting person is not deemed to beneficially own such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934.