Nelnet (NNI) CFO James Kruger gifts 2,500 shares to family trust, details holdings
Rhea-AI Filing Summary
NELNET INC Chief Financial Officer James D. Kruger reported a Form 4 detailing his direct and indirect holdings of Class A Common Stock and a bona fide gift. He transferred 2,500 shares as a gift to a trust for the benefit of his adult son, with the trust now holding 2,500 shares. He continues to report beneficial ownership of shares held by various family trusts and GRATs but disclaims beneficial ownership except to the extent of his pecuniary interest. Following these entries, he reports 69,569 shares held directly, plus additional indirect holdings through his spouse, revocable trusts, and multiple family trusts.
Positive
- None.
Negative
- None.
Insights
CFO reports a small gift of shares; no open-market trading.
James D. Kruger, CFO of Nelnet, reported a 2,500-share bona fide gift of Class A Common Stock to a trust for an adult son. The reported transaction uses code G, which reflects a gift transfer rather than an open-market sale or purchase.
Kruger continues to report beneficial ownership of shares in several family-related trusts and GRATs, while disclaiming beneficial ownership beyond his pecuniary interest. He also reports 69,569 shares held directly, with additional indirect holdings via his spouse and revocable trusts. Overall, this filing largely reflects estate and family planning arrangements rather than a change in market sentiment.
Insider Trade Summary
Net Seller: 2,500 shares
Net Sell
9 txns
Insider
Kruger James D
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock F1 | 2,500 | $0.00 | $0.00 |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F3 | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
| holding | Class A Common Stock F6 | -- | -- | -- |
| holding | Class A Common Stock F7 | -- | -- | -- |
| holding | Class A Common Stock F8 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 17,500 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. 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 to trust: 2,500 shares
Direct holdings: 69,569 shares
Holdings by spouse: 8,200 shares
+5 more
8 metrics
Gifted shares to trust
2,500 shares
Bona fide gift of Class A Common Stock to a trust for an adult son
Direct holdings
69,569 shares
Class A Common Stock held directly after reported transactions
Holdings by spouse
8,200 shares
Indirect holdings of Class A Common Stock reported as held by spouse
Revocable trust holdings (1)
45,000 shares
Indirect Class A Common Stock holdings reported as held by revocable trust
Revocable trust holdings (2)
45,192 shares
Additional indirect Class A Common Stock holdings by revocable trust
Trust holdings for family member
10,000 shares
Indirect Class A Common Stock held by a trust for a family member
Additional trust holdings
5,000 shares
Indirect Class A Common Stock held by another trust for a family member
GRAT holdings
6,800 shares
Class A Common Stock held by each reported grantor retained annuity trust (GRAT)
Key Terms
bona fide gift, grantor retained annuity trust ("GRAT"), Employee Share Purchase Plan, revocable trust, +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"
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.
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of his pecuniary interest therein."
FAQ
What did Nelnet (NNI) CFO James D. Kruger report in this Form 4?
He reported a bona fide gift of 2,500 shares of Nelnet Class A Common Stock to a trust for an adult son, along with updated direct and indirect share holdings across family-related accounts and trusts.
What indirect Nelnet (NNI) holdings does the CFO report through family members and trusts?
He reports indirect holdings including 8,200 shares by spouse, multiple revocable trusts with holdings such as 45,000 and 45,192 shares, trusts for adult children, and 6,800-share GRATs, while disclaiming beneficial ownership beyond his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
