Michael S. Dunlap - Dec 16, 2022 Form 4 Insider Report for NELNET INC (NNI)

Role
Executive Chairman of Board, Director, 10%+ Owner
Signature
/s/ Audra Hoffschneider, Attorney-in-Fact for Michael S. Dunlap
Stock symbol
NNI
Transactions as of
Dec 16, 2022
Transactions value $
$0
Form type
4
Date filed
12/22/2022, 03:24 PM
Previous filing
Jan 11, 2022
Next filing
Aug 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NNI Class B Common Stock 67.4K Dec 16, 2022 By trust F1
holding NNI Class B Common Stock 67.4K Dec 16, 2022 By trust F2
holding NNI Class B Common Stock 67.4K Dec 16, 2022 By trust F3
holding NNI Class B Common Stock 65.2K Dec 16, 2022 By trust F4
holding NNI Class B Common Stock 65.2K Dec 16, 2022 By trust F5
holding NNI Class B Common Stock 65.2K Dec 16, 2022 By trust F6
holding NNI Class A Common Stock 4.16K Dec 16, 2022 By adult son
holding NNI Class A Common Stock 1.98K Dec 16, 2022 By adult son
holding NNI Class A Common Stock 1.22K Dec 16, 2022 By adult son
holding NNI Class B Common Stock 100 Dec 16, 2022 By adult son
holding NNI Class B Common Stock 100 Dec 16, 2022 By adult son
holding NNI Class B Common Stock 100 Dec 16, 2022 By adult son
holding NNI Class B Common Stock 100 Dec 16, 2022 By 2019 Dynasty Trust F7
holding NNI Class B Common Stock 100 Dec 16, 2022 By 2019 Dynasty Trust F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by a 2015 post annuity irrevocable trust, of which an adult son of the reporting person is the beneficiary.
F2 Shares held by a separate 2015 post annuity irrevocable trust, of which an adult son of the reporting person is the beneficiary.
F3 Shares held by a separate 2015 post annuity irrevocable trust, of which an adult son of the reporting person is the beneficiary.
F4 Shares held by a separate 2015 post annuity irrevocable trust, of which an adult son of the reporting person is the beneficiary.
F5 Shares held by a separate 2015 post annuity irrevocable trust, of which an adult son of the reporting person is the beneficiary.
F6 Shares held by a separate 2015 post annuity irrevocable trust, of which an adult son of the reporting person is the beneficiary.
F7 Shares held by a Dynasty Trust established by the reporting person in 2019, of which the adult sons of the reporting person and his spouse are the initial beneficiaries. 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 Dynasty Trust established by the reporting person's spouse in 2019, of which the adult sons of the reporting person and his spouse are the initial beneficiaries. 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.

Remarks:

Two of two Form 4s filed on December 22, 2022 for the reporting of a December 16, 2022 gift transaction included in the first Form 4. This second Form 4 includes holdings that could not be included in the first Form 4 due to a limitation on the number of line items that can be included per table in a single Form 4.