DUNLAP MICHAEL S 4

Accession 0001008886-25-000230

CIK 0001258602other

View on SEC.gov Company Profile

Filed

Jul 29, 8:00 PM ET

Accepted

Jul 30, 6:47 PM ET

Size

47.2 KB

Accession

0001008886-25-000230

Insider Transaction Report

Form 4

Period: 2025-07-28

NELNET INCNNI

DUNLAP MICHAEL S

DirectorChairman and CEO10% Owner

Transactions

Gift
Class B Common Stock
2025-07-28+5,025→ 9,842 total(indirect: By Trust)
Gift
Class B Common Stock
2025-07-28+4,682→ 11,243 total(indirect: By Trust)
Gift
Class B Common Stock
2025-07-28−21,943→ 0 total(indirect: By GRAT)
Gift
Class B Common Stock
2025-07-28+4,876→ 16,119 total(indirect: By Trust)
Gift
Class B Common Stock
2025-07-28+4,818→ 4,818 total(indirect: By Trust)
Gift
Class B Common Stock
2025-07-28+7,022→ 16,865 total(indirect: By Trust)
Gift
Class B Common Stock
2025-07-28+7,314→ 24,179 total(indirect: By Trust)
Gift
Class B Common Stock
2025-07-28+5,025→ 9,843 total(indirect: By Trust)
Gift
Class B Common Stock
2025-07-28−21,065→ 0 total(indirect: By GRAT)
Gift
Class B Common Stock
2025-07-28+7,021→ 16,863 total(indirect: By Trust)
Gift
Class B Common Stock
2025-07-28+7,315→ 24,178 total(indirect: By Trust)
Gift
Class B Common Stock
2025-07-28−14,453→ 0 total(indirect: By GRAT)
Gift
Class B Common Stock
2025-07-28+3,212→ 3,212 total(indirect: By Trust)
Gift
Class B Common Stock
2025-07-28+3,349→ 6,561 total(indirect: By Trust)
Gift
Class B Common Stock
2025-07-28+4,817→ 4,817 total(indirect: By Trust)
Gift
Class B Common Stock
2025-07-28−15,074→ 0 total(indirect: By GRAT)

Holdings

Class B Common Stock
(indirect: By LLC)
1,600,000
Class B Common Stock
575,114
Class B Common Stock
(indirect: By GRAT)
31,204
Class B Common Stock
(indirect: By GRAT)
36,021
Class B Common Stock
(indirect: By GRAT)
34,732
Class B Common Stock
(indirect: By GRAT)
39,720
Class A Common Stock
1,417,982
Class B Common Stock
(indirect: By Spouse)
487,803
Class B Common Stock
(indirect: By GRAT)
21,417
Class B Common Stock
(indirect: By GRAT)
24,570
Class B Common Stock
(indirect: By GRAT)
23,864
Class B Common Stock
(indirect: By GRAT)
27,294
Class B Common Stock
(indirect: By GRAT)
432,774
Class B Common Stock
(indirect: By GRAT)
353,254

Footnotes (20)

[F1]Represents the transfer of shares upon the termination of a Michael S. Dunlap Grantor Retained Annuity Trust dated May 12, 2020 pursuant to its terms. 12,847 shares of Class B Common Stock were transferred to the trusts described in footnotes (2) through (4) below. The remaining 1,606 shares of Class B Common Stock were transferred to an adult son of the reporting person. Prior to the termination of the trust, the number of Class B Common Stock held by the trust reflected an annuity distribution from the trust to the reporting person of 2,206 shares on May 12, 2025.
[F10]Shares held by a separate Michael S. Dunlap Grantor Retained Annuity Trust dated May 12, 2020, which reflect an annuity distribution from the trust to the reporting person of 1,069 shares on May 12, 2025. 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.
[F11]Shares held by a separate Michael S. Dunlap Grantor Retained Annuity Trust dated May 12, 2020, which reflect an annuity distribution from the trust to the reporting person of 827 shares on May 12, 2025. 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.
[F12]Shares held by a separate Michael S. Dunlap Grantor Retained Annuity Trust dated May 12, 2020, which reflect an annuity distribution from the trust to the reporting person of 563 shares on May 12, 2025. 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.
[F13]Shares held by a separate Michael S. Dunlap Grantor Retained Annuity Trust dated May 12, 2020, which reflect an annuity distribution from the trust to the reporting person of 109 shares on May 12, 2025. 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.
[F14]Shares held by a separate Grantor Retained Annuity Trust dated May 12, 2020, which reflect an annuity distribution from the trust to the reporting person's spouse of 1,366 shares on May 12, 2025. 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.
[F15]Shares held by a separate Grantor Retained Annuity Trust dated May 12, 2020, which reflect an annuity distribution from the trust to the reporting person's spouse of 1,012 shares on May 12, 2025. 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.
[F16]Shares held by a separate Grantor Retained Annuity Trust dated May 12, 2020, which reflect an annuity distribution from the trust to the reporting person's spouse of 814 shares on May 12, 2025. 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.
[F17]Shares held by a separate Grantor Retained Annuity Trust dated May 12, 2020, which reflect an annuity distribution from the trust to the reporting person's spouse of 153 shares on May 12, 2025. 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.
[F18]Shares held by a Michael S. Dunlap Grantor Retained Annuity Trust dated December 19, 2011, which reflect an annuity distribution from the trust to the reporting person of 12,313 shares on December 19, 2024. 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.
[F19]Shares held by a separate Michael S. Dunlap Grantor Retained Annuity Trust dated December 19, 2011, which reflect an annuity distribution from the trust to the reporting person of 6,050 shares on December 19, 2024. 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.
[F2]Shares held by a 2020 Post-Annuity Trust, of which an adult son of the reporting person is the beneficiary. 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.
[F20]Shares held by Dunlap Holdings, LLC, a family limited liability company which is controlled by the reporting person and his family. The reporting person continues to report beneficial ownership of all the shares held by Dunlap Holdings, LLC, but disclaims beneficial ownership of the shares held by Dunlap Holdings, LLC except to the extent of his pecuniary interest therein.
[F3]Shares held by a separate 2020 Post-Annuity Trust, of which an adult son of the reporting person is the beneficiary. 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.
[F4]Shares held by a separate 2020 Post-Annuity Trust, of which an adult son of the reporting person is the beneficiary. 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.
[F5]Represents the transfer of shares upon the termination of a separate Michael S. Dunlap Grantor Retained Annuity Trust dated May 12, 2020 pursuant to its terms. 13,399 shares of Class B Common Stock were transferred to the trusts described in footnotes (2) through (4) above. The remaining 1,675 shares of Class B Common Stock were transferred to an adult son of the reporting person. Prior to the termination of the trust, the number of Class B Common Stock held by the trust reflected an annuity distribution from the trust to the reporting person of 3,043 shares on May 12, 2025.
[F6]Represents the transfer of shares upon the termination of a Grantor Retained Annuity Trust dated May 12, 2020 pursuant to its terms. 18,725 shares of Class B Common Stock were transferred to the trusts described in footnotes (2) through (4) above. The remaining 2,340 shares of Class B Common Stock were transferred to an adult son of the reporting person. Prior to the termination of the trust, the number of Class B Common Stock held by the trust reflected an annuity distribution from the trust to the reporting person's spouse of 3,020 shares on May 12, 2025.
[F7]Represents the transfer of shares upon the termination of a Grantor Retained Annuity Trust dated May 12, 2020 pursuant to its terms. 19,505 shares of Class B Common Stock were transferred to the trusts described in footnotes (2) through (4) above. The remaining 2,438 shares of Class B Common Stock were transferred to an adult son of the reporting person. Prior to the termination of the trust, the number of Class B Common Stock held by the trust reflected an annuity distribution from the trust to the reporting person's spouse of 4,281 shares on May 12, 2025.
[F8]Includes shares distributed to the reporting person by grantor retained annuity trusts as discussed in footnotes (1) and (5) above and (10) through (13) and (18) and (19) below.
[F9]Includes shares distributed to the reporting person's spouse by grantor retained annuity trusts as discussed in footnotes (6) and (7) above and (14) through (17) below.

Documents

1 file

4
form4.xmlPrimary

Issuer

NELNET INC

CIK 0001258602

→

Entity typeother

Related Parties

filerCIK 0001269797

Filing Metadata

Form type: 4
Filed: Jul 29, 8:00 PM ET
Accepted: Jul 30, 6:47 PM ET
Size: 47.2 KB

View on SEC.gov