Shelby J. Butterfield - May 9, 2024 Form 3 Insider Report for NELNET INC (NNI)

Role
10%+ Owner
Signature
/s/ Philip J. Morgan, Attorney-in-Fact for Shelby J. Butterfield
Stock symbol
NNI
Transactions as of
May 9, 2024
Transactions value $
$0
Form type
3
Date filed
5/20/2024, 05:14 PM
Previous filing
Aug 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NNI Class A Common Stock 510 May 9, 2024 By Butterfield GST Non-Exempt Marital Trust F1
holding NNI Class B Common Stock 213K May 9, 2024 By Butterfield GST Non-Exempt Marital Trust F1
holding NNI Class B Common Stock 210K May 9, 2024 By Butterfield GST Exempt Marital Trust F2
holding NNI Class B Common Stock 31.4K May 9, 2024 Direct
holding NNI Class B Common Stock 1.59M May 9, 2024 By corporation F3
holding NNI Class B Common Stock 75.5K May 9, 2024 By GRAT F4
holding NNI Class B Common Stock 95.1K May 9, 2024 By GRAT F5
holding NNI Class B Common Stock 100K May 9, 2024 By GRAT F6
holding NNI Class B Common Stock 64.1K May 9, 2024 By GRAT F7
holding NNI Class B Common Stock 77.2K May 9, 2024 By GRAT F8
holding NNI Class B Common Stock 83.8K May 9, 2024 By GRAT F9
holding NNI Class B Common Stock 64K May 9, 2024 By GRAT F10
holding NNI Class B Common Stock 75.4K May 9, 2024 By GRAT F11
holding NNI Class B Common Stock 22.9K May 9, 2024 By CLAT F12
holding NNI Class B Common Stock 5 May 9, 2024 By the Estate of Stephen F. Butterfield F13
holding NNI Class B Common Stock 18.4K May 9, 2024 By trust F14
holding NNI Class B Common Stock 18.4K May 9, 2024 By trust F15
holding NNI Class B Common Stock 137K May 9, 2024 By limited liability company F16
holding NNI Class B Common Stock 100 May 9, 2024 By the reporting person as UTMA custodian for daughter
holding NNI Class B Common Stock 100 May 9, 2024 By the reporting person as UTMA custodian for son
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by the Stephen F. Butterfield GST Non-Exempt Marital Trust, an estate planning trust for the family of Stephen F. Butterfield. The reporting person reports 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 her pecuniary interest therein.
F2 Shares held by the Stephen F. Butterfield GST Exempt Marital Trust, an estate planning trust for the family of Stephen F. Butterfield. The reporting person reports 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 her pecuniary interest therein.
F3 Shares held by Union Financial Services, Inc. ("UFS"), of which the Butterfield GST Non-Exempt Marital Trust owns 50.0% of the outstanding capital stock and the Executive Chairman of the issuer owns the other 50.0% of the outstanding capital stock. The reporting person reports beneficial ownership of all the shares held by UFS, but disclaims beneficial ownership of the shares held by UFS except to the extent of her pecuniary interest therein.
F4 Shares held by a grantor retained annuity trust ("GRAT") established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
F5 Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
F6 Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
F7 Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
F8 Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
F9 Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
F10 Shares held by a GRAT established by Stephen F. Butterfield on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
F11 Shares held by a separate GRAT established by Stephen F. Butterfield on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
F12 Shares held by a charitable lead annuity trust ("CLAT") established by Stephen F. Butterfield, of which CLAT the descendants of the reporting person are included as remainder beneficiaries. 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 her pecuniary interest therein.
F13 Shares held by the Estate of Stephen F. Butterfield (the "Butterfield Estate"), for which the reporting person is the personal representative. The reporting person disclaims beneficial ownership of the shares held by the Butterfield Estate, except to the extend of her pecuniary interest therein.
F14 Shares held by a trust for the benefit of the reporting person's daughter.
F15 Shares held by a trust for the benefit of the reporting person's son.
F16 Shares held by a family limited liability company controlled by the reporting person. The reporting person disclaims beneficial ownership of the shares held by the limited liability company, except to the extend of her pecuniary interest therein.