Form 4: Nelnet CEO Jeffrey Noordhoek Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Nelnet CEO Jeffrey Noordhoek reports a gift distribution of shares to a charitable organization and other transactions affecting his beneficial ownership of company stock.
Summary
- Jeffrey R. Noordhoek, CEO of Nelnet Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's Class A Common Stock.
- On February 21, 2025, he made a gift distribution of 11,284 shares to a charitable organization upon the termination of The Noordhoek Charitable Remainder Unitrust I (CRUT).
- He also received an annual distribution of 577 shares from the CRUT on December 26, 2024.
- Noordhoek acquired 14 shares under the issuer's Employee Share Purchase Plan since March 12, 2024, bringing the total shares issued pursuant to the plan to 5,137.
- He indirectly owns 311,008 shares through The Jeffrey R. Noordhoek Amended and Restated Revocable Trust and 126,462 shares through the Jeffrey Noordhoek Post Annuity Irrevocable Trust.
- He disclaims beneficial ownership of the shares held by the Jeffrey Noordhoek Post Annuity Irrevocable Trust except to the extent of his pecuniary interest therein.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock.
Stakeholder Impact
- The gift distribution of shares to a charitable organization may have a positive impact on the recipient organization.
- The transactions may be of interest to shareholders as they provide insight into the CEO's holdings and transactions in company stock.
Key Dates
| Date | Description |
|---|---|
| 2003-08-29 | Date of Jeffrey Noordhoek Post Annuity Irrevocable Trust |
| 2016-08-09 | Date of The Jeffrey R. Noordhoek Amended and Restated Revocable Trust |
| 2024-03-12 | Start date for tracking shares acquired under the Employee Share Purchase Plan |
| 2024-12-26 | Date of annual distribution and transfer from the CRUT to the reporting person |
| 2025-02-21 | Date of gift distribution of shares to a charitable organization |
| 2025-02-25 | Date of Form 4 filing |
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