William J. Munn - 11 Nov 2024 Form 4 Insider Report for NELNET INC (NNI)

Signature
/s/ Audra Hoffschneider, Attorney-in-Fact for William J. Munn
Issuer symbol
NNI
Transactions as of
11 Nov 2024
Net transactions value
-$272,225
Form type
4
Filing time
13 Nov 2024, 17:05:55 UTC
Previous filing
17 Sep 2024
Next filing
12 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNI Class A Common Stock Gift $0 -100 -0.84% $0.000000 11,854 11 Nov 2024 By Trust F1, F2
transaction NNI Class A Common Stock Sale $272,225 -2,500 -21% $108.89 9,354 13 Nov 2024 By Trust F2, F3
holding NNI Class A Common Stock 4,967 11 Nov 2024 Direct
* 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 This gift to a charitable organization was effected pursuant to a Rule 10b5-1 plan that was entered into by the reporting person on August 13, 2024.
F2 Shares held by a living trust of which the reporting person and his spouse are the trustees and beneficiaries.
F3 This transaction was effected pursuant to a Rule 10b5-1 plan that was entered into by the reporting person on August 15, 2024.