Nicolas Jafarieh - May 17, 2024 Form 4 Insider Report for SLM Corp (SLM)

Signature
/s/ Jeffrey Lipschutz (POA) for Nicolas Jafarieh
Stock symbol
SLM
Transactions as of
May 17, 2024
Transactions value $
-$51,259
Form type
4
Date filed
5/21/2024, 04:29 PM
Previous filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Sale -$51.3K -2.42K -1.3% $21.19 183K May 17, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on February 13, 2024.
F2 Includes Dividend Equivalent Units in connection with restricted stock units held by the reporting person.