Terry J. Heimes - Mar 28, 2024 Form 4 Insider Report for NELNET INC (NNI)

Role
Chief Operating Officer
Signature
/s/ Audra Hoffschneider, Attorney-in-Fact for Terry J. Heimes
Stock symbol
NNI
Transactions as of
Mar 28, 2024
Transactions value $
$0
Form type
4
Date filed
4/1/2024, 05:20 PM
Previous 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 -4.84K -100% $0.00* 0 Mar 28, 2024 By GRAT F1, F2
transaction NNI Class A Common Stock Gift $0 +1.21K +24.2% $0.00 6.21K Mar 28, 2024 By trust F1, F3
transaction NNI Class A Common Stock Gift $0 +1.21K +24.2% $0.00 6.21K Mar 28, 2024 By trust F1, F4
transaction NNI Class A Common Stock Gift $0 +1.21K +24.2% $0.00 6.21K Mar 28, 2024 By trust F1, F5
transaction NNI Class A Common Stock Gift $0 +1.21K +24.2% $0.00 6.21K Mar 28, 2024 By trust F1, F6
transaction NNI Class A Common Stock Gift $0 -4.84K -100% $0.00* 0 Mar 28, 2024 By GRAT F7, F8
transaction NNI Class A Common Stock Gift $0 +1.21K +19.48% $0.00 7.42K Mar 28, 2024 By trust F3, F7
transaction NNI Class A Common Stock Gift $0 +1.21K +19.48% $0.00 7.42K Mar 28, 2024 By trust F4, F7
transaction NNI Class A Common Stock Gift $0 +1.21K +19.48% $0.00 7.42K Mar 28, 2024 By trust F5, F7
transaction NNI Class A Common Stock Gift $0 +1.21K +19.48% $0.00 7.42K Mar 28, 2024 By trust F6, F7
holding NNI Class A Common Stock 27.7K Mar 28, 2024 Direct F2
holding NNI Class A Common Stock 5.25K Mar 28, 2024 By spouse F8
holding NNI Class A Common Stock 130K Mar 28, 2024 By revocable trust F9
holding NNI Class A Common Stock 50K Mar 28, 2024 By revocable trust F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the transfer of shares upon the termination of a grantor retained annuity trust ("GRAT") established by the reporting person on March 11, 2020 (the "Reporting Person GRAT"). The shares were transferred to the trusts described in footnotes (3) through (6) below.
F2 The number of shares reflects an annuity distribution from the Reporting Person GRAT to the reporting person of 1,630 shares on March 15, 2024.
F3 Shares held by a trust for the benefit of a son of the reporting person. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F4 Shares held by a trust for the benefit of another son of the reporting person. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F5 Shares held by a trust for the benefit of another son of the reporting person. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F6 Shares held by a trust for the benefit of the daughter of the reporting person. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F7 Represents the transfer of shares upon the termination of a GRAT established by the reporting person's spouse on March 11, 2020 (the "Spouse GRAT"). The shares were transferred to the trusts described in footnotes (3) through (6) above.
F8 The number of shares reflects an annuity distribution from the Spouse GRAT to the reporting person's spouse of 1,630 shares on March 15, 2024.
F9 Shares held by a revocable trust established by the reporting person, of which trust the reporting person is the sole trustee and sole lifetime beneficiary.
F10 Shares held by a revocable trust established by the reporting person's spouse, of which trust the reporting person's spouse is the sole trustee and sole lifetime beneficiary.