Kimberly Kay Rath - Jun 21, 2022 Form 4 Insider Report for NELNET INC (NNI)

Role
Director
Signature
/s/ Audra Hoffschneider, Attorney-in-Fact for Kimberly Kay Rath
Stock symbol
NNI
Transactions as of
Jun 21, 2022
Transactions value $
$170,002
Form type
4
Date filed
6/21/2022, 04:30 PM
Previous filing
Jun 22, 2021
Next filing
Jun 21, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NNI Phantom Stock Award $170K +2.61K +4.95% $65.21 55.3K Jun 21, 2022 Class A Common Stock 2.61K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1-for-1.
F2 The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock at the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum at the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing at the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.
F3 Includes a total of 586 shares acquired since June 22, 2021 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.