Form 4 for NNI NELNET INC
Accepted 2025-08-27 00:00:00 ET · period of report 2025-08-25 · accession 0001008886-25-000257 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2025-08-27 | 2025-08-25 | NNI | Butterfield Shelby J | Former 10% Owner | C - Cnv Deriv | — | 0 | 179.0K | New | — |
| I | 2025-08-27 | 2025-08-25 | NNI | Butterfield Shelby J | Former 10% Owner | S - Sale | $119.25 | -41.9K | 510 | -99% | -$5.00M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-08-25 | C | A | 41,929 | — | 42,439 | I By Butterfield GST Non-Exempt Marital Trust | — | — | (F1) Shares of the issuer's Class B common stock are convertible at a fixed one-for-one ratio into an equal number of shares of the issuer's Class A common stock at any time at the holder's option. On August 25, 2025, the trust referred to in the footnote (2) below converted shares of Class B common stock into an equal number of shares of Class A common stock. Such conversion of convertible common stock at a fixed ratio was exempt from Section 16(b) under Rule 16a-6(b). (F2) 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 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. |
| 2 | Common | Class A Common Stock | 2025-08-25 | S | D | 41,929 | $119.25 | 510 | I By Butterfield GST Non-Exempt Marital Trust | — | — | (F3) These shares were acquired by the issuer under the issuer's previously announced stock repurchase program in a privately negotiated transaction. (F4) Pursuant to the terms of the privately negotiated issuer repurchase transaction, this price was based on a discount to the closing market price on August 21, 2025. (F2) 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 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. |
| 3 | Common | Class B Common Stock | 2025-08-25 | C | D | 41,929 | — | 178,953 | I By Butterfield GST Non-Exempt Marital Trust | — | — | (F1) Shares of the issuer's Class B common stock are convertible at a fixed one-for-one ratio into an equal number of shares of the issuer's Class A common stock at any time at the holder's option. On August 25, 2025, the trust referred to in the footnote (2) below converted shares of Class B common stock into an equal number of shares of Class A common stock. Such conversion of convertible common stock at a fixed ratio was exempt from Section 16(b) under Rule 16a-6(b). (F2) 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 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. |