Key facts
- This page summarizes Shelby J. Butterfield's Form 4 filing for NELNET INC (NNI).
- 3 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 30 Jul 2025, 18:54.
Shelby J. Butterfield - 28 Jul 2025 Form 4 Insider Report for NELNET INC (NNI)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- NNI
- Reported as of
- 28 Jul 2025
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 30 Jul 2025, 18:54:19 UTC
- Prior SEC filing
- 03 Jan 2025
- Next SEC filing
- 27 Aug 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Audra Hoffschneider, Attorney-in-Fact for Shelby J. Butterfield
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Shelby J. Butterfield filed Form 4 for NELNET INC (NNI) on 30 Jul 2025.
Change
- Previous filing in this sequence was filed on 03 Jan 2025.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (1)
CIK 0001808121
Primary reporting owner
Butterfield Shelby J
- Relationship
- 10%+ Owner
- Address
- C/O NELNET, INC., 121 SOUTH 13TH STREET, SUITE 100, LINCOLN
- Signature
- /s/ Audra Hoffschneider, Attorney-in-Fact for Shelby J. Butterfield
- Signature date
- 30 Jul 2025
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
NNI
transaction
Class B Common Stock
Gift
- Transaction value
- $0
- Shares
- -18,424
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 28 Jul 2025
- Ownership
- By CLAT
- Footnotes
- F1
NNI
transaction
Class B Common Stock
Gift
- Transaction value
- $0
- Shares
- +3,685
- Change %
- Price
- $0.000000
- Shares after
- 3,685
- Date
- 28 Jul 2025
- Ownership
- By trust
- Footnotes
- F1, F2
NNI
transaction
Class B Common Stock
Gift
- Transaction value
- $0
- Shares
- +3,684
- Change %
- Price
- $0.000000
- Shares after
- 3,684
- Date
- 28 Jul 2025
- Ownership
- By trust
- Footnotes
- F1, F3
NNI
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 510
- Date
- 28 Jul 2025
- Ownership
- By Butterfield GST Non-Exempt Marital Trust
- Footnotes
- F4
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 220,882
- Date
- 28 Jul 2025
- Ownership
- By Butterfield GST Non-Exempt Marital Trust
- Footnotes
- F4
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 210,047
- Date
- 28 Jul 2025
- Ownership
- By Butterfield GST Exempt Marital Trust
- Footnotes
- F5
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 42,879
- Date
- 28 Jul 2025
- Ownership
- Direct
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,586,691
- Date
- 28 Jul 2025
- Ownership
- By corporation
- Footnotes
- F6
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 70,582
- Date
- 28 Jul 2025
- Ownership
- By GRAT
- Footnotes
- F7
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 93,841
- Date
- 28 Jul 2025
- Ownership
- By GRAT
- Footnotes
- F8
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 100,000
- Date
- 28 Jul 2025
- Ownership
- By GRAT
- Footnotes
- F9
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 61,392
- Date
- 28 Jul 2025
- Ownership
- By GRAT
- Footnotes
- F10
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 75,640
- Date
- 28 Jul 2025
- Ownership
- By GRAT
- Footnotes
- F11
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 82,729
- Date
- 28 Jul 2025
- Ownership
- By GRAT
- Footnotes
- F12
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 61,309
- Date
- 28 Jul 2025
- Ownership
- By GRAT
- Footnotes
- F13
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 70,488
- Date
- 28 Jul 2025
- Ownership
- By GRAT
- Footnotes
- F14
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 5
- Date
- 28 Jul 2025
- Ownership
- By the Estate of Stephen F. Butterfield
- Footnotes
- F15
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 18,394
- Date
- 28 Jul 2025
- Ownership
- By trust
- Footnotes
- F16
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 18,394
- Date
- 28 Jul 2025
- Ownership
- By trust
- Footnotes
- F17
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 136,636
- Date
- 28 Jul 2025
- Ownership
- By limited liability company
- Footnotes
- F18
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 100
- Date
- 28 Jul 2025
- Ownership
- By the reporting person as UTMA custodian for daughter
NNI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 100
- Date
- 28 Jul 2025
- Ownership
- By the reporting person as UTMA custodian for son
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 18 footnotes
Footnote F1
Represents the transfer of shares upon the termination of the charitable lead annuity trust ("CLAT") established by Stephen F. Butterfield in accordance with its terms. 7,369 shares of Class B Common Stock were transferred to the trusts described in footnotes (2) and (3) below. The remaining 11,055 shares of Class B Common Stock were transferred to descendants of Mr. Butterfield who do not share the reporting person's household.
Footnote F2
Shares held by a Butterfield CLAT Post-Annuity Trust, of which the daughter of the reporting person is the beneficiary.
Footnote F3
Shares held by a separate Butterfield CLAT Post-Annuity Trust, of which the son of the reporting person is the beneficiary.
Footnote F4
Shares held by the Stephen F. Butterfield GST Non-Exempt Marital Trust (the "Non-Exempt Marital Trust"), an estate planning trust for the family of Stephen F. Butterfield. The number of shares of Class B Common Stock reflects the transfer of 7,571 shares of Class B Common Stock from the Estate of Stephen F. Butterfield (the "Butterfield Estate") to the Non-Exempt Marital Trust on February 6, 2025 as discussed in footnote (15) below . The reporting person reports beneficial ownership of all the shares held by the Non-Exempt Marital Trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of her pecuniary interest therein.
Footnote F5
Shares held by the Stephen F. Butterfield GST Exempt Marital Trust, an estate planning trust for the family of Stephen F. Butterfield. The reporting person reports 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 her pecuniary interest therein.
Footnote F6
Shares held by Union Financial Services, Inc. ("UFS"), of which the Butterfield GST Non-Exempt Marital Trust owns 50.0% of the outstanding capital stock and the Executive Chairman of the issuer owns the other 50.0% of the outstanding capital stock. The reporting person reports beneficial ownership of all the shares held by UFS, but disclaims beneficial ownership of the shares held by UFS except to the extent of her pecuniary interest therein.
Footnote F7
Shares held by a GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Footnote F8
Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Footnote F9
Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Footnote F10
Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Footnote F11
Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Footnote F12
Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Footnote F13
Shares held by a GRAT established by Stephen F. Butterfield on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Footnote F14
Shares held by a separate GRAT established by Stephen F. Butterfield on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Footnote F15
Shares held by the Butterfield Estate, for which the reporting person is the personal representative, and which number of shares reflects the transfer of 7,571 shares of Class B Common Stock from the Butterfield Estate to the Non-Exempt Marital Trust on February 6, 2025 as discussed in footnote (4) above. The reporting person disclaims beneficial ownership of the shares held by the Butterfield Estate, except to the extent of her pecuniary interest therein.
Footnote F16
Shares held by a trust for the benefit of the reporting person's daughter.
Footnote F17
Shares held by a trust for the benefit of the reporting person's son.
Footnote F18
Shares held by a family limited liability company controlled by the reporting person. The reporting person disclaims beneficial ownership of the shares held by the limited liability company, except to the extent of her pecuniary interest therein.