James D. Kruger - 13 Aug 2021 Form 4 Insider Report for NELNET INC (NNI)

Role: Chief Financial Officer
Signature: /s/ Audra Hoffschneider, Attorney-in-Fact for James D. Kruger
Issuer symbol: NNI
Transactions as of: 13 Aug 2021
Net transactions value: $0
Form type: 4
Filing time: 02 Sep 2021, 16:18:03 UTC
Next filing: 14 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NNI	Class A Common Stock	Gift	$0	-15,000	-8.4%	$0.000000	162,673	13 Aug 2021	Direct	F1, F2
transaction	NNI	Class A Common Stock	Gift	$0	+15,000		$0.000000^*	0	13 Aug 2021	By Spouse	F3
transaction	NNI	Class A Common Stock	Gift	$0	-10,000	-6.1%	$0.000000	152,673	20 Aug 2021	Direct	F1, F4
transaction	NNI	Class A Common Stock	Gift	$0	+10,000		$0.000000	10,000	20 Aug 2021	By trust	F5
transaction	NNI	Class A Common Stock	Gift	$0	-10,000	-6.5%	$0.000000	142,673	20 Aug 2021	Direct	F1, F6
transaction	NNI	Class A Common Stock	Gift	$0	+10,000		$0.000000	10,000	20 Aug 2021	By trust	F7
transaction	NNI	Class A Common Stock	Gift	$0	-10,000	-7.8%	$0.000000	117,673	20 Aug 2021	Direct	F1, F8, F9
transaction	NNI	Class A Common Stock	Gift	$0	+10,000		$0.000000	10,000	20 Aug 2021	By trust	F10
holding	NNI	Class A Common Stock						15,000	13 Aug 2021	By GRAT	F11
holding	NNI	Class A Common Stock						15,000	13 Aug 2021	By GRAT	F12

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 3,488 shares issued pursuant to the issuer's Employee Share Purchase Plan, which number of shares reflects the acquisition of a total of 350 shares under the issuer's Employee Share Purchase Plan since March 12, 2021.
F2	Includes 121,192 shares held jointly with spouse, which number of jointly held shares reflects a gift transfer on August 13, 2021 of 15,000 shares held jointly with spouse to an account for shares held by the reporting person individually.
F3	Reflects the subsequent change in the form of beneficial ownership of 15,000 shares on September 1, 2021 through the contribution by the reporting person's spouse of 15,000 shares to a grantor retained annuity trust ("GRAT") established by the reporting person's spouse on September 1, 2021, as discussed in footnote (12) below and set forth in the line item corresponding thereto.
F4	Includes 111,192 shares held jointly with spouse.
F5	Shares gifted to a trust for the benefit of an 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	Includes 101,192 shares held jointly with spouse.
F7	Shares gifted to a separate 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.
F8	Includes 91,192 shares held jointly with spouse.
F9	Reflects the subsequent change in the form of beneficial ownership of 15,000 shares on September 1, 2021 through the contribution by the reporting person of 15,000 shares to a GRAT established by the reporting person on September 1, 2021, as discussed in footnote (11) below and set forth in the line item corresponding thereto.
F10	Shares gifted to a separate trust for the benefit of the 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.
F11	On September 1, 2021, the reporting person contributed 15,000 shares to a GRAT dated 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.
F12	On September 1, 2021, the reporting person's spouse contributed 15,000 shares to a GRAT dated 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.