James D. Kruger - Mar 23, 2022 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
Mar 23, 2022
Transactions value $
$0
Form type
4
Date filed
4/11/2022, 04:23 PM
Previous filing
Mar 14, 2022
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNI Class A Common Stock Gift $0 -45.2K -34.53% $0.00 85.7K Mar 23, 2022 Direct F1, F2
transaction NNI Class A Common Stock Gift $0 +45.2K $0.00 45.2K Mar 23, 2022 By revocable trust F1, F3
transaction NNI Class A Common Stock Gift $0 -45K -52.51% $0.00 40.7K Mar 23, 2022 Direct F4, F5
transaction NNI Class A Common Stock Gift $0 +45K $0.00 45K Mar 23, 2022 By revocable trust F4, F6
holding NNI Class A Common Stock 15K Mar 23, 2022 By GRAT F7
holding NNI Class A Common Stock 15K Mar 23, 2022 By GRAT F8
holding NNI Class A Common Stock 10K Mar 23, 2022 By trust F9
holding NNI Class A Common Stock 10K Mar 23, 2022 By trust F10
holding NNI Class A Common Stock 10K Mar 23, 2022 By trust F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares that were jointly held by the reporting person and his spouse and transferred to a revocable trust established by the reporting person, of which trust the reporting person is the sole trustee and sole lifetime beneficiary.
F2 Includes 3,743 shares issued pursuant to the issuer's Employee Share Purchase Plan, which number of shares reflects the acquisition of 255 shares on March 31, 2022. Also includes 47,908 shares held jointly with spouse, which number of jointly held shares reflects the transfer of 45,192 shares to a revocable living trust established by the reporting person, as reported herein.
F3 Shares held by a revocable trust established by the reporting person, of which trust the reporting person is the sole trustee and sole lifetime beneficiary.
F4 Shares that were jointly held by the reporting person and his spouse and transferred to a revocable trust established by the reporting person's spouse, of which trust the reporting person's spouse is the sole trustee and sole lifetime beneficiary.
F5 Includes 3,743 shares issued pursuant to the issuer's Employee Share Purchase Plan, which number of shares reflects the acquisition of 255 shares on March 31, 2022. Also includes 2,908 shares held jointly with spouse, which number of jointly held shares reflects the transfer of 45,000 shares to a revocable living trust established by the reporting person's spouse, as reported herein.
F6 Shares held by a revocable trust established by the reporting person's spouse, of which trust the reporting person's spouse is the sole trustee and sole lifetime beneficiary.
F7 Shares held by a grantor retained annuity trust ("GRAT) established by the reporting person on 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.
F8 Shares held by a GRAT established by the reporting person's spouse on 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.
F9 Shares held by 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.
F10 Shares held by a 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.
F11 Shares held by a trust for the benefit of an 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.