Form 4: Shelby J. Butterfield Reports Changes in Beneficial Ownership of Nelnet Inc. (NNI) Shares

Shelby J. Butterfield, a director of Nelnet Inc., reports changes in beneficial ownership of Class A and Class B common stock due to trust distributions and a gift to a charitable organization.

Summary

• On December 31, 2024, Shelby J. Butterfield, a director of Nelnet Inc. (NNI), filed a Form 4 with the SEC reporting changes in beneficial ownership of the company's stock.
• The reported transactions involve Class A and Class B common stock.
• A gift distribution from a charitable lead annuity trust (CLAT) resulted in the disposition of 4,484 shares of Class B Common Stock.
• Annuity distributions from grantor retained annuity trusts (GRATs) resulted in the acquisition of 11,462 shares of Class B Common Stock.
• Butterfield also reports beneficial ownership of shares held by various trusts, a corporation (Union Financial Services, Inc.), GRATs, the Estate of Stephen F. Butterfield, a family limited liability company, and as a custodian for her children.
• Butterfield disclaims beneficial ownership of shares held by these entities except to the extent of her 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 Section 16(a) of the Securities Exchange Act of 1934, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company.
• The transactions themselves are unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates