SLM Corp (SLM) EVP reports bona fide gift of company shares

Rhea-AI Filing Summary

SLM Corp executive Nicolas Jafarieh reported gifting shares of company stock. As EVP – Legal, Government and Communications Officer, he made two bona fide gift transfers of SLM common stock on May 1, 2026, totaling 5,488 shares. These were recorded as non-market dispositions, with no sale proceeds reported.

Insider Trade Summary

5,488 shares gifted

Mixed 2 txns

Insider Jafarieh Nicolas

Role EVP -Legal, Govt, Comm Officer

Type	Security	Shares	Price	Value
Gift	Common Stock	1,098	$0.00	--
Gift	Common Stock	4,390	$0.00	--

Holdings After Transaction: Common Stock — 285,354.522 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Gifted shares (total): 5,488 shares First gift transaction: 4,390 shares Second gift transaction: 1,098 shares +1 more

4 metrics

Gifted shares (total) 5,488 shares Bona fide gifts of common stock on May 1, 2026

First gift transaction 4,390 shares Common stock gifted on May 1, 2026

Second gift transaction 1,098 shares Common stock gifted on May 1, 2026

Gift transactions count 2 transactions Non-derivative bona fide gifts reported in Form 4

Key Terms

Bona fide gift, Dividend Equivalent Units, restricted stock units

3 terms

Bona fide gift financial

"transaction code description lists each transfer as a "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.

Dividend Equivalent Units financial

"footnote states "Includes Dividend Equivalent Units in connection with restricted stock units""

restricted stock units financial

"footnote describes Dividend Equivalent Units in connection with restricted stock units held"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jafarieh Nicolas

(Last) (First) (Middle)

300 CONTINENTAL DRIVE

(Street)

NEWARK DELAWARE 19713

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SLM Corp [ SLM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP -Legal, Govt, Comm Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/01/2026		G		1,098	D	$0	285,354.522(1)	D
Common Stock	05/01/2026		G		4,390	D	$0	280,964.522(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes Dividend Equivalent Units in connection with restricted stock units held by the reporting person.

Remarks:

	/s/ Jeffrey Lipschutz (POA) for Nicolas Jafarieh	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did SLM (SLM) report for Nicolas Jafarieh?

SLM reported that executive Nicolas Jafarieh made two bona fide gifts of SLM common stock. On May 1, 2026, he transferred a total of 5,488 shares as gifts, rather than through market purchases or sales, according to the Form 4 filing.

How many SLM (SLM) shares did the EVP gift in this Form 4?

The EVP gifted a total of 5,488 SLM common shares. The Form 4 shows two separate bona fide gift transactions: one for 4,390 shares and another for 1,098 shares, both dated May 1, 2026, with no reported sale price per share.

Were the SLM (SLM) insider Form 4 transactions market sales or purchases?

The Form 4 transactions were not market sales or purchases. Both entries are coded as “G” for bona fide gifts of SLM common stock, with a transaction price per share of 0.0000, indicating transfers without sale proceeds on May 1, 2026.

What does the Form 4 say about dividend equivalent units for SLM (SLM)?

A footnote explains that the reported holdings include dividend equivalent units linked to restricted stock units. These dividend equivalent units accumulate in connection with restricted stock units held by the reporting person, as part of SLM’s equity-based compensation structure described in the filing.

What is the significance of code G on the SLM (SLM) Form 4?

Code G on the Form 4 indicates a bona fide gift transaction. For SLM, both reported entries for Nicolas Jafarieh use code G, showing that 5,488 common shares were transferred as gifts, classified as dispositions rather than open-market sales or option exercises.