Butterfield Shelby J's Form 4 filing
Nelnet Inc (NNI) · filed Aug 27, 2025
- Accession no.
- 0001008886-25-000257
- Filed
- Aug 27, 2025
- Trade date
- Aug 25, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 3 non-derivative transactions. Open-market sales total $5.00M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Butterfield Shelby JCIK 0001808121 | Other: Former 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 25, 2025 | Class B Common Stock | CConversionDisposed | −41,929 | –F1 | – | 178,953 | Indirect | |
| Aug 25, 2025 | Class A Common Stock | CConversionAcquired | +41,929 | –F1 | – | 42,439 | Indirect | |
| Aug 25, 2025 | Class A Common Stock | SSaleDisposed | −41,929 | $119.25F4 | −$5,000,033.25 | 510 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Shares of the issuer's Class B common stock are convertible at a fixed one-for-one ratio into an equal number of shares of the issuer's Class A common stock at any time at the holder's option. On August 25, 2025, the trust referred to in the footnote (2) below converted shares of Class B common stock into an equal number of shares of Class A common stock. Such conversion of convertible common stock at a fixed ratio was exempt from Section 16(b) under Rule 16a-6(b).
Referenced by the price of 2 transactions in Table I.
- F4
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.
Referenced by the price of 1 transaction in Table I.