Form 4: Nelnet Inc. Executive William J. Munn Reports Changes in Beneficial Ownership
SEC Form 4 Filing
William J. Munn, Secy/Chief Legal Off/Gen Coun of Nelnet Inc., reports gifting shares to a living trust and holding shares through the same trust.
Summary
- On March 28, 2024, William J. Munn, Secy/Chief Legal Off/Gen Coun of Nelnet Inc. (NNI), reported changes in beneficial ownership of Class A Common Stock.
- Munn gifted 1,532 shares of Class A Common Stock to a living trust, resulting in a direct holding of 4,491 shares.
- Additionally, Munn reported holding 11,954 shares of Class A Common Stock indirectly through the same living trust.
- The reporting person and his spouse are the trustees and beneficiaries of the living trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a gift of shares to a trust, which is neither particularly positive nor negative.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it represents a transfer of shares to a trust controlled by the reporting person.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of the transaction (gift of shares to a living trust) |
| 04/01/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.