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

Signature
/s/ Audra Hoffschneider, Attorney-in-Fact for William J. Munn
Stock symbol
NNI
Transactions as of
Nov 11, 2024
Transactions value $
-$272,225
Form type
4
Date filed
11/13/2024, 05:05 PM
Previous filing
Sep 17, 2024

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% $0.00 11.9K Nov 11, 2024 By Trust F1, F2
transaction NNI Class A Common Stock Sale -$272K -2.5K -21.09% $108.89 9.35K Nov 13, 2024 By Trust F2, F3
holding NNI Class A Common Stock 4.97K Nov 11, 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.