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sellNotable cluster of 2

Shelby J Butterfield sold $5.0M of NNI

other at NELNET INC. 41,929 shares at an average of $119.25, traded Aug 25, 2025, filed Aug 27, 2025.

Warning score
61
Value
$5.0M
41,929 shares
Holdings after
510
-99% from before
From 52-week low
+28%
low $99.76, close $127.49
From 52-week high
-1%
high $128.64, as of Aug 25, 2025

Score components

  • Role
    Other
    +8
  • Trade size
    $5.0M at market
    +25
  • Share of holdings sold
    Sold 99% of holdings
    +20
  • Cluster
    2 insiders selling within 14 days
    +8

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

NNIOct 9, 2026 · close 125.26
Since filing Aug 27, 2025: -1.6%SPY +22.0% · excess -23.7%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001008886-25-000257, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Aug 25, 2025CConversion
Class B Common Stockindirect: By Butterfield GST Non-Exempt Marital Trust
-41,929--178,953Aug 27, 2025
Aug 25, 2025CConversion
Class A Common Stockindirect: By Butterfield GST Non-Exempt Marital Trust
+41,929--42,439Aug 27, 2025
Aug 25, 2025SOpen-market sale
Class A Common Stockindirect: By Butterfield GST Non-Exempt Marital Trust
-41,929$119.25$5.0M510Aug 27, 2025

Related signals

Other insiders at NELNET INC and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
12Weak
NNIsell10b5-1
NELNET INC
Jona M Van Deun
director
$52k
400 shares
-36%
48Moderate
NNIsell 210b5-1
NELNET INC
Thomas Edward Henning
director
$1.1M
8,196 shares
-51%
20Weak
NNIsell 210b5-1
NELNET INC
Jona M Van Deun
director
$49k
440 shares
-41%
21Weak
NNIsell 210b5-1
NELNET INC
William J Munn
Secy/Chief Legal Off/Gen Coun
$272k
2,500 shares
-21%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Shelby J Butterfield sold $5.0M of NNI | InsiderTell