Nelnet CFO reports gift of 5,000 shares
Nelnet Inc.'s Chief Financial Officer, James D. Kruger, reported updated holdings and a non-market gift of Class A Common Stock.
Rhea-AI Filing Summary
Nelnet Inc.'s Chief Financial Officer, James D. Kruger, reported updated holdings and a non-market gift of Class A Common Stock. The filing shows a bona fide gift of 5,000 shares on April 30, 2026, transferred indirectly through a trust for the benefit of his adult son.
After these updates, Kruger reports 69,569 shares held directly and additional indirect holdings through his spouse, revocable trusts, GRATs, and family trusts. The footnotes state he continues to report beneficial ownership of certain trust-held shares while disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,000 shares gifted
Gift
9 txns
Insider
Kruger James D
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 5,000 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 20,000 shares (Indirect, By Trust);
Class A Common Stock — 69,569 shares (Direct);
Class A Common Stock — 13,600 shares (Indirect, By GRAT);
Class A Common Stock — 90,192 shares (Indirect, By revocable trust);
Class A Common Stock — 8,200 shares (Indirect, By spouse)
Footnotes (8)
- F1. Represents the distribution of shares to an adult son of the reporting person from a trust for the benefit of such adult son of the reporting person. The reporting person continues to report beneficial ownership of the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- F2. Includes 4,729 shares issued pursuant to the issuer's Employee Share Purchase Plan, which number of shares reflects the acquisition of a total of 191 shares under the issuer's Employee Share Purchase Plan since March 12, 2026. Also includes 1,000 shares held jointly with spouse.
- F3. Shares held by a grantor retained annuity trust ("GRAT") established by the reporting person on September 1, 2021. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- F4. Shares held by a GRAT established by the reporting person's spouse on September 1, 2021. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- F5. Shares held by a trust for the benefit of another adult son of the reporting person. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- F6. Shares held by a trust for the benefit of an adult daughter of the reporting person. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- F7. Shares held by a revocable trust established by the reporting person, of which trust the reporting person is the sole trustee and sole lifetime beneficiary.
- F8. Shares held by a revocable trust established by the reporting person's spouse, of which trust the reporting person's spouse is the sole trustee and sole lifetime beneficiary.
Key Figures
Gifted shares: 5,000 shares
Direct holdings: 69,569 shares
Spouse-held shares: 8,200 shares
+2 more
5 metrics
Gifted shares
5,000 shares
Bona fide gift of Class A Common Stock on April 30, 2026
Direct holdings
69,569 shares
Direct Class A Common Stock owned following transactions as of April 30, 2026
Spouse-held shares
8,200 shares
Indirect Class A Common Stock held by spouse as of April 30, 2026
Revocable trust holdings
45,192 shares
Indirect Class A Common Stock held by a revocable trust as of April 30, 2026
GRAT holdings
6,800 shares
Indirect Class A Common Stock held by each of two GRATs as of April 30, 2026
Key Terms
bona fide gift, Employee Share Purchase Plan, grantor retained annuity trust ("GRAT"), pecuniary interest, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
grantor retained annuity trust ("GRAT") financial
"Shares held by a grantor retained annuity trust ("GRAT") established by the reporting person"
pecuniary interest financial
"disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein"
revocable trust financial
"Shares held by a revocable trust established by the reporting person"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Nelnet (NNI) CFO James D. Kruger report?
Nelnet CFO James D. Kruger reported updated holdings in Class A Common Stock, including a bona fide gift of 5,000 shares on April 30, 2026. The filing mainly reflects position reporting across direct holdings, spouse holdings, revocable trusts, GRATs, and family trusts.
How are trusts and GRATs described in the Nelnet (NNI) CFO’s Form 4?
The filing details shares held by revocable trusts and GRATs established by the CFO and his spouse. It notes he reports beneficial ownership of these trust-held shares but disclaims beneficial ownership except to the extent of his pecuniary interest in each respective trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.
