Timothy Tewes - Mar 10, 2023 Form 4 Insider Report for NELNET INC (NNI)

Role
President
Signature
/s/ Audra Hoffschneider, Attorney-in-Fact for Timothy Tewes
Stock symbol
NNI
Transactions as of
Mar 10, 2023
Transactions value $
-$128,772
Form type
4
Date filed
3/14/2023, 04:59 PM
Previous filing
Mar 14, 2022
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNI Class A Common Stock Tax liability -$80.1K -886 -1.14% $90.43 76.9K Mar 10, 2023 Direct F1, F2, F3
transaction NNI Class A Common Stock Tax liability -$48.7K -538 -0.7% $90.43 76.4K Mar 10, 2023 Direct F1, F2, F3
transaction NNI Class A Common Stock Award $0 +5.47K +7.16% $0.00 81.9K Mar 10, 2023 Direct F3, F4
* 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, 2023.
F3 Includes 1,492 shares issued pursuant to the issuer's Employee Share Purchase Plan.
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.