William J. Munn - Mar 10, 2022 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
Mar 10, 2022
Transactions value $
-$197,653
Form type
4
Date filed
3/14/2022, 04:23 PM
Previous filing
Feb 14, 2022
Next filing
Apr 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNI Class A Common Stock Tax liability -$12.7K -152 -0.84% $83.64 17.9K Mar 10, 2022 Direct F1, F2, F3
transaction NNI Class A Common Stock Tax liability -$10.5K -126 -0.7% $83.64 17.8K Mar 10, 2022 Direct F1, F2, F3
transaction NNI Class A Common Stock Tax liability -$9.7K -116 -0.65% $83.64 17.7K Mar 10, 2022 Direct F1, F2, F3
transaction NNI Class A Common Stock Tax liability -$11.5K -137 -0.78% $83.64 17.5K Mar 10, 2022 Direct F1, F2, F3
transaction NNI Class A Common Stock Tax liability -$9.95K -119 -0.68% $83.64 17.4K Mar 10, 2022 Direct F1, F2, F3
transaction NNI Class A Common Stock Award $0 +2.42K +13.91% $0.00 19.8K Mar 10, 2022 Direct F3, F4
transaction NNI Class A Common Stock Award $0 +4.18K +21.07% $0.00 24K Mar 10, 2022 Direct F3, F5
transaction NNI Class A Common Stock Tax liability -$101K -1.23K -5.11% $82.62 22.8K Mar 10, 2022 Direct F3, F6, F7
transaction NNI Class A Common Stock Sale -$42K -500 -2.2% $83.99 22.3K Mar 14, 2022 Direct F3, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).
F2 Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2022.
F3 Includes 500 shares held jointly with spouse.
F4 These restricted shares were awarded to the reporting person pursuant to the issuer's Restricted Stock Plan. The shares vest equally over a five-year period, with one-fifth of the amount vesting annually on March 10 of each year.
F5 These shares were issued to the reporting person pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2021 paid in stock, which the reporting person became entitled to receive on March 10, 2022.
F6 These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 10, 2022 award by the issuer of 4,176 shares of bonus compensation stock.
F7 Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the average market closing price of the shares for March 1, 2022 through March 7, 2022.
F8 These shares were sold pursuant to a Rule 10b5-1 Trading Plan (the "Plan") entered into by the reporting person on September 16, 2021. The Plan provides for the sale of shares of the issuer's Class A Common Stock, subject to limit price provisions and an expiration date of September 15, 2022. To the extent any future sales occur pursuant to the Plan, such sales will be publicly disclosed in Form 4 filings with the Securities and Exchange Commission.
F9 Rule 10b5-1, promulgated under the Securities Exchange Act of 1934, allows executives of a company who are not in possession of material non-public information to establish pre-arranged plans to buy or sell a specified number of shares of such company's stock. Once a plan is established, the executive does not retain or exercise any discretion over purchases or sales of stock under the plan and the pre-planned trades may be executed at later dates as set forth in the plan, without regard to any subsequent material non-public information related to the company that the executive may receive.