Terry J. Heimes - Mar 10, 2025 Form 4 Insider Report for NELNET INC (NNI)

Role
Chief Operating Officer
Signature
/s/ Audra Hoffschneider, Attorney-in-Fact for Terry J. Heimes
Stock symbol
NNI
Transactions as of
Mar 10, 2025
Transactions value $
-$204,493
Form type
4
Date filed
3/12/2025, 04:41 PM
Previous filing
Apr 1, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNI Class A Common Stock Tax liability -$91.6K -791 -3.72% $115.86 20.5K Mar 10, 2025 Direct F1, F2, F3
transaction NNI Class A Common Stock Tax liability -$56.5K -488 -2.38% $115.86 20K Mar 10, 2025 Direct F1, F2
transaction NNI Class A Common Stock Tax liability -$56.3K -486 -2.43% $115.86 19.5K Mar 10, 2025 Direct F1, F2
transaction NNI Class A Common Stock Award $0 +2.29K +11.75% $0.00 21.8K Mar 10, 2025 Direct F4
holding NNI Class A Common Stock 137K Mar 10, 2025 By revocable trust F5
holding NNI Class A Common Stock 5.25K Mar 10, 2025 By spouse
holding NNI Class A Common Stock 50K Mar 10, 2025 By revocable trust F6
holding NNI Class A Common Stock 7.42K Mar 10, 2025 By trust F7
holding NNI Class A Common Stock 7.42K Mar 10, 2025 By trust F8
holding NNI Class A Common Stock 7.42K Mar 10, 2025 By trust F9
holding NNI Class A Common Stock 7.42K Mar 10, 2025 By trust F10
* 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, 2025.
F3 The number of shares reflects shares contributed to a revocable trust as discussed in footnote (5) below.
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.
F5 Shares held by a revocable trust established by the reporting person, of which trust the reporting person is the sole trustee and sole lifetime beneficiary. On April 18, 2024, the reporting person contributed a total of 6,407 shares to the revocable trust.
F6 Shares held by a revocable trust established by the reporting person's spouse, of which trust the reporting person's spouse is the sole trustee and sole lifetime beneficiary.
F7 Shares held by a trust for the benefit of a son of the reporting person. 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 trust for the benefit of another son of the reporting person. 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.
F9 Shares held by a trust for the benefit of another son of the reporting person. 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.
F10 Shares held by a trust for the benefit of the daughter of the reporting person. 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.