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

Role
Chief Financial Officer
Signature
/s/ Audra Hoffschneider, Attorney-in-Fact for James D. Kruger
Stock symbol
NNI
Transactions as of
Aug 13, 2021
Transactions value $
$0
Form type
4
Date filed
9/2/2021, 04:18 PM
Next filing
Mar 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNI Class A Common Stock Gift $0 -15K -8.44% $0.00 163K Aug 13, 2021 Direct F1, F2
transaction NNI Class A Common Stock Gift $0 +15K $0.00* 0 Aug 13, 2021 By Spouse F3
transaction NNI Class A Common Stock Gift $0 -10K -6.15% $0.00 153K Aug 20, 2021 Direct F1, F4
transaction NNI Class A Common Stock Gift $0 +10K $0.00 10K Aug 20, 2021 By trust F5
transaction NNI Class A Common Stock Gift $0 -10K -6.55% $0.00 143K Aug 20, 2021 Direct F1, F6
transaction NNI Class A Common Stock Gift $0 +10K $0.00 10K Aug 20, 2021 By trust F7
transaction NNI Class A Common Stock Gift $0 -10K -7.83% $0.00 118K Aug 20, 2021 Direct F1, F8, F9
transaction NNI Class A Common Stock Gift $0 +10K $0.00 10K Aug 20, 2021 By trust F10
holding NNI Class A Common Stock 15K Aug 13, 2021 By GRAT F11
holding NNI Class A Common Stock 15K Aug 13, 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.