James D. Kruger - Aug 21, 2024 Form 4 Insider Report for NELNET INC (NNI)

Signature
/s/ Audra Hoffschneider, Attorney-in-Fact for James D. Kruger
Stock symbol
NNI
Transactions as of
Aug 21, 2024
Transactions value $
$0
Form type
4
Date filed
8/23/2024, 05:09 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 -5K -50% $0.00 5K Aug 21, 2024 By Trust F1
holding NNI Class A Common Stock 53.5K Aug 21, 2024 Direct F2
holding NNI Class A Common Stock 11.1K Aug 21, 2024 By GRAT F3
holding NNI Class A Common Stock 11.1K Aug 21, 2024 By GRAT F4
holding NNI Class A Common Stock 10K Aug 21, 2024 By Trust F5
holding NNI Class A Common Stock 10K Aug 21, 2024 By Trust F6
holding NNI Class A Common Stock 45.2K Aug 21, 2024 By revocable trust F7
holding NNI Class A Common Stock 45K Aug 21, 2024 By revocable trust F8
holding NNI Class A Common Stock 3.94K Aug 21, 2024 By spouse
* 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 Represents the distribution of shares to an adult son of the reporting person from a trust for the benefit of such adult son of the reporting person. The reporting person continues to report beneficial ownership of 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.
F2 Includes 4,303 shares issued pursuant to the issuer's Employee Share Purchase Plan, which number of shares reflects the acquisition of a total of 284 shares under the issuer's Employee Share Purchase Plan since March 12, 2024. Also includes 1,000 shares held jointly with spouse.
F3 Shares held by a grantor retained annuity trust ("GRAT") established by the reporting person on September 1, 2021. 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 GRAT established by the reporting person's spouse on September 1, 2021. 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 adult 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 an adult 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 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.
F8 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.