August 25, 2025 · Form 4 insider transaction
Butterfield Shelby J sold 41,929 shares of Nelnet Inc at $119.25 per share, a transaction worth $5.00M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 2 days after the transaction.
These shares were acquired by the issuer under the issuer's previously announced stock repurchase program in a privately negotiated transaction.; Pursuant to the terms of the privately negotiated issuer repurchase transaction, this price was based on a discount to the closing market price on August 21, 2025.; 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 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.