4//SEC Filing
Butterfield Shelby J 4
Accession 0001008886-25-000236
CIK 0001258602other
Filed
Jul 29, 8:00 PM ET
Accepted
Jul 30, 6:54 PM ET
Size
27.5 KB
Accession
0001008886-25-000236
Insider Transaction Report
Form 4
NELNET INCNNI
Butterfield Shelby J
10% Owner
Transactions
- Gift
Class B Common Stock
2025-07-28+3,684→ 3,684 total(indirect: By Trust) - Gift
Class B Common Stock
2025-07-28−18,424→ 0 total(indirect: By CLAT) - Gift
Class B Common Stock
2025-07-28+3,685→ 3,685 total(indirect: By Trust)
Holdings
- 510(indirect: By Trust)
Class A Common Stock
- 220,882(indirect: By Trust)
Class B Common Stock
- 61,309(indirect: By GRAT)
Class B Common Stock
- 210,047(indirect: By Trust)
Class B Common Stock
- 42,879
Class B Common Stock
- 1,586,691(indirect: By corporation)
Class B Common Stock
- 70,582(indirect: By GRAT)
Class B Common Stock
- 93,841(indirect: By GRAT)
Class B Common Stock
- 75,640(indirect: By GRAT)
Class B Common Stock
- 70,488(indirect: By GRAT)
Class B Common Stock
- 18,394(indirect: By Trust)
Class B Common Stock
- 61,392(indirect: By GRAT)
Class B Common Stock
- 82,729(indirect: By GRAT)
Class B Common Stock
- 100,000(indirect: By GRAT)
Class B Common Stock
- 5(indirect: By the Estate of Stephen F. Butterfield)
Class B Common Stock
- 136,636(indirect: By limited liability company)
Class B Common Stock
- 100(indirect: By the reporting person as UTMA custodian for daughter)
Class B Common Stock
- 100(indirect: By the reporting person as UTMA custodian for son)
Class B Common Stock
- 18,394(indirect: By Trust)
Class B Common Stock
Footnotes (18)
- [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.
- [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.
- [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.
- [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.
- [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.
- [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.
- [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.
- [F16]Shares held by a trust for the benefit of the reporting person's daughter.
- [F17]Shares held by a trust for the benefit of the reporting person's son.
- [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.
- [F2]Shares held by a Butterfield CLAT Post-Annuity Trust, of which the daughter of the reporting person is the beneficiary.
- [F3]Shares held by a separate Butterfield CLAT Post-Annuity Trust, of which the son of the reporting person is the beneficiary.
- [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.
- [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.
- [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.
- [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.
- [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.
- [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.
Documents
Issuer
NELNET INC
CIK 0001258602
Entity typeother
Related Parties
1- filerCIK 0001808121
Filing Metadata
- Form type
- 4
- Filed
- Jul 29, 8:00 PM ET
- Accepted
- Jul 30, 6:54 PM ET
- Size
- 27.5 KB