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NELNET INC

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3982
SEC CIK
0001258602
Parsed reports
308

Last 12 months

Inside the activity.

0 purchase rows · 1 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
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MonthPurchasesSales
Nov 202500
Dec 202501
Jan 202600
Feb 202600
Mar 202600
Apr 202600
May 202600
Jun 202600
Jul 202600
Aug 202600
Sep 202600
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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
October 05, 2026 Filed Oct 7, 2026 20:39 UTC
Kruger James DChief Financial Officer
GiftClass A Common Stock 1,360 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000223 · form4.xml · nonDerivative · entry 8

Kruger James D · CIK 0001593432 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trust

Disclosed balance after: 12,720

F5 · kind: Represents the transfer of shares upon the termination of a GRAT established by the reporting person's spouse on September 1, 2021, pursuant to its terms. Prior to the termination of the GRAT, the number of Class A Common Stock held by the GRAT reflected an annuity distribution from the GRAT to the reporting person's spouse of 2,720 shares on September 24, 2026.

F4 · balance_after: 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.

Read SEC document
October 05, 2026 Filed Oct 7, 2026 20:39 UTC
Kruger James DChief Financial Officer
GiftClass A Common Stock 1,360 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000223 · form4.xml · nonDerivative · entry 7

Kruger James D · CIK 0001593432 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trust

Disclosed balance after: 7,720

F5 · kind: Represents the transfer of shares upon the termination of a GRAT established by the reporting person's spouse on September 1, 2021, pursuant to its terms. Prior to the termination of the GRAT, the number of Class A Common Stock held by the GRAT reflected an annuity distribution from the GRAT to the reporting person's spouse of 2,720 shares on September 24, 2026.

F3 · balance_after: 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.

Read SEC document
October 05, 2026 Filed Oct 7, 2026 20:39 UTC
Kruger James DChief Financial Officer
GiftClass A Common Stock 1,360 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000223 · form4.xml · nonDerivative · entry 6

Kruger James D · CIK 0001593432 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trust

Disclosed balance after: 5,220

F5 · kind: Represents the transfer of shares upon the termination of a GRAT established by the reporting person's spouse on September 1, 2021, pursuant to its terms. Prior to the termination of the GRAT, the number of Class A Common Stock held by the GRAT reflected an annuity distribution from the GRAT to the reporting person's spouse of 2,720 shares on September 24, 2026.

F2 · balance_after: Shares held by a trust for the benefit of an 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.

Read SEC document
October 05, 2026 Filed Oct 7, 2026 20:39 UTC
Kruger James DChief Financial Officer
GiftClass A Common Stock 4,080 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000223 · form4.xml · nonDerivative · entry 5

Kruger James D · CIK 0001593432 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By GRAT

Disclosed balance after: 0

F5 · kind: Represents the transfer of shares upon the termination of a GRAT established by the reporting person's spouse on September 1, 2021, pursuant to its terms. Prior to the termination of the GRAT, the number of Class A Common Stock held by the GRAT reflected an annuity distribution from the GRAT to the reporting person's spouse of 2,720 shares on September 24, 2026.

Read SEC document
October 05, 2026 Filed Oct 7, 2026 20:39 UTC
Kruger James DChief Financial Officer
GiftClass A Common Stock 1,360 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000223 · form4.xml · nonDerivative · entry 4

Kruger James D · CIK 0001593432 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trust

Disclosed balance after: 11,360

F1 · kind: Represents the transfer of shares upon the termination of a grantor retained annuity trust ("GRAT") established by the reporting person on September 1, 2021, pursuant to its terms. Prior to the termination of the GRAT, the number of Class A Common Stock held by the GRAT reflected an annuity distribution from the GRAT to the reporting person of 2,720 shares on September 24, 2026.

F4 · balance_after: 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.

Read SEC document
October 05, 2026 Filed Oct 7, 2026 20:39 UTC
Kruger James DChief Financial Officer
GiftClass A Common Stock 1,360 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000223 · form4.xml · nonDerivative · entry 3

Kruger James D · CIK 0001593432 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trust

Disclosed balance after: 6,360

F1 · kind: Represents the transfer of shares upon the termination of a grantor retained annuity trust ("GRAT") established by the reporting person on September 1, 2021, pursuant to its terms. Prior to the termination of the GRAT, the number of Class A Common Stock held by the GRAT reflected an annuity distribution from the GRAT to the reporting person of 2,720 shares on September 24, 2026.

F3 · balance_after: 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.

Read SEC document
October 05, 2026 Filed Oct 7, 2026 20:39 UTC
Kruger James DChief Financial Officer
GiftClass A Common Stock 1,360 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000223 · form4.xml · nonDerivative · entry 2

Kruger James D · CIK 0001593432 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trust

Disclosed balance after: 3,860

F1 · kind: Represents the transfer of shares upon the termination of a grantor retained annuity trust ("GRAT") established by the reporting person on September 1, 2021, pursuant to its terms. Prior to the termination of the GRAT, the number of Class A Common Stock held by the GRAT reflected an annuity distribution from the GRAT to the reporting person of 2,720 shares on September 24, 2026.

F2 · balance_after: Shares held by a trust for the benefit of an 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.

Read SEC document
October 05, 2026 Filed Oct 7, 2026 20:39 UTC
Kruger James DChief Financial Officer
GiftClass A Common Stock 4,080 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000223 · form4.xml · nonDerivative · entry 1

Kruger James D · CIK 0001593432 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By GRAT

Disclosed balance after: 0

F1 · kind: Represents the transfer of shares upon the termination of a grantor retained annuity trust ("GRAT") established by the reporting person on September 1, 2021, pursuant to its terms. Prior to the termination of the GRAT, the number of Class A Common Stock held by the GRAT reflected an annuity distribution from the GRAT to the reporting person of 2,720 shares on September 24, 2026.

Read SEC document
September 15, 2026 Filed Sep 16, 2026 22:39 UTC GrantPhantom Stock · Derivative 93 $108.37 $10,078.41
Disclosure

SEC source: 0001008886-26-000221 · form4.xml · derivative · entry 1

Rath Kimberly Kay · CIK 0001417993 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 65,491

Underlying: Class A Common Stock · 93 shares

Expires not disclosed

F1 · derivative.exercise_price: 1-for-1.

F2 · derivative.exercise_date: The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock promptly after the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum promptly after the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing promptly after the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.

F2 · derivative.expiration_date: The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock promptly after the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum promptly after the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing promptly after the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.

F3 · balance_after: Includes a total of 169 shares acquired since June 17, 2026 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.

Read SEC document
September 15, 2026 Filed Sep 16, 2026 22:35 UTC GrantClass A Common Stock 185 $108.37 $20,048.45
Disclosure

SEC source: 0001008886-26-000220 · form4.xml · nonDerivative · entry 1

Farrell Kathleen Anne · CIK 0001417962 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,755

F1 · shares: These shares were granted pursuant to the issuer's Directors Stock Compensation Plan.

Read SEC document
September 15, 2026 Filed Sep 16, 2026 22:33 UTC GrantClass A Common Stock 93 $108.37 $10,078.41
Disclosure

SEC source: 0001008886-26-000219 · form4.xml · nonDerivative · entry 1

Graff David S · CIK 0001604854 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,953

F1 · shares: These shares were granted pursuant to the issuer's Directors Stock Compensation Plan.

Read SEC document
September 15, 2026 Filed Sep 16, 2026 22:31 UTC GrantClass A Common Stock 1,046 $108.37 $113,355.02
Disclosure

SEC source: 0001008886-26-000218 · form4.xml · nonDerivative · entry 1

Pallesen Edward Sysel · CIK 0002153745 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,046

F1 · shares: These shares were granted pursuant to the issuer's Directors Stock Compensation Plan.

Read SEC document
September 15, 2026 Filed Sep 16, 2026 22:25 UTC GrantClass A Common Stock 1,108 $108.37 $120,073.96
Disclosure

SEC source: 0001008886-26-000216 · form4.xml · nonDerivative · entry 1

KLEIN ANGIE J · CIK 0001796000 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,108

F1 · shares: These shares were granted pursuant to the issuer's Directors Stock Compensation Plan.

Read SEC document
July 09, 2026 Filed Jul 10, 2026 21:28 UTC
Kruger James DChief Financial Officer
GiftClass A Common Stock 2,500 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000199 · form4.xml · nonDerivative · entry 1

Kruger James D · CIK 0001593432 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trust

Disclosed balance after: 2,500

F1 · kind: 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.

F1 · balance_after: 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.

Read SEC document
June 15, 2026 Filed Jun 17, 2026 21:03 UTC GrantPhantom Stock · Derivative 1,535 $110.76 $170,016.60
Disclosure

SEC source: 0001008886-26-000174 · form4.xml · derivative · entry 1

Rath Kimberly Kay · CIK 0001417993 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 65,229

Underlying: Class A Common Stock · 1,535 shares

Expires not disclosed

F1 · derivative.exercise_price: 1-for-1.

F2 · derivative.exercise_date: The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock promptly after the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum promptly after the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing promptly after the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.

F2 · derivative.expiration_date: The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock promptly after the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum promptly after the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing promptly after the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.

F3 · balance_after: Includes a total of 636 shares acquired since June 18, 2025 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.

Read SEC document
June 15, 2026 Filed Jun 17, 2026 21:03 UTC GrantClass A Common Stock 1,626 $110.76 $180,095.76
Disclosure

SEC source: 0001008886-26-000176 · form4.xml · nonDerivative · entry 1

Farrell Kathleen Anne · CIK 0001417962 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,570

F1 · shares: These shares were granted pursuant to the issuer's Directors Stock Compensation Plan.

Read SEC document
June 15, 2026 Filed Jun 17, 2026 21:03 UTC GrantPhantom Stock · Derivative 1,738 $110.76 $192,500.88
Disclosure

SEC source: 0001008886-26-000172 · form4.xml · derivative · entry 4

HENNING THOMAS EDWARD · CIK 0001269806 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 59,312

Underlying: Class A Common Stock · 1,738 shares

Expires not disclosed

F3 · derivative.exercise_price: 1-for-1.

F4 · derivative.exercise_date: The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock promptly after the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum promptly after the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing promptly after the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.

F4 · derivative.expiration_date: The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock promptly after the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum promptly after the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing promptly after the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.

F5 · balance_after: Includes a total of 574 shares acquired since June 18, 2025 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.

Read SEC document
June 15, 2026 Filed Jun 17, 2026 21:03 UTC GrantClass A Common Stock 1,626 $110.76 $180,095.76
Disclosure

SEC source: 0001008886-26-000177 · form4.xml · nonDerivative · entry 1

Bansal Preeta D · CIK 0001758392 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,243

F1 · shares: These shares were granted pursuant to the issuer's Directors Stock Compensation Plan.

Read SEC document
June 15, 2026 Filed Jun 17, 2026 21:03 UTC GrantPhantom Stock · Derivative 1,219 $110.76 $135,016.44
Disclosure

SEC source: 0001008886-26-000175 · form4.xml · derivative · entry 2

Van Deun Jona M · CIK 0001917118 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,398

Underlying: Class A Common Stock · 1,219 shares

Expires not disclosed

F2 · derivative.exercise_price: 1-for-1.

F3 · derivative.exercise_date: The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock promptly after the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum promptly after the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing promptly after the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.

F3 · derivative.expiration_date: The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock promptly after the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum promptly after the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing promptly after the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.

F4 · balance_after: Includes 74 share acquired since June 18, 2025 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.

Read SEC document
June 15, 2026 Filed Jun 17, 2026 21:03 UTC GrantClass A Common Stock 407 $110.76 $45,079.32
Disclosure

SEC source: 0001008886-26-000175 · form4.xml · nonDerivative · entry 1

Van Deun Jona M · CIK 0001917118 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,111

F1 · shares: These shares were granted pursuant to the issuer's Directors Stock Compensation Plan.

Read SEC document
June 15, 2026 Filed Jun 17, 2026 21:03 UTC GrantClass A Common Stock 1,535 $110.76 $170,016.60
Disclosure

SEC source: 0001008886-26-000173 · form4.xml · nonDerivative · entry 1

Graff David S · CIK 0001604854 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,860

F1 · shares: These shares were granted pursuant to the issuer's Directors Stock Compensation Plan.

Read SEC document
June 10, 2026 Filed Jun 11, 2026 20:14 UTC
Dunlap Matthew WDirector · President, NFS
Tax withholdingClass A Common Stock 15 $130.72 $1,960.80
Disclosure

SEC source: 0001008886-26-000162 · form4.xml · nonDerivative · entry 1

Dunlap Matthew W · CIK 0001917996 · Director · President, NFS

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,054

F1 · shares: These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).

F2 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on June 10, 2026.

Read SEC document
April 30, 2026 Filed May 4, 2026 21:06 UTC
Kruger James DChief Financial Officer
GiftClass A Common Stock 5,000 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000109 · form4.xml · nonDerivative · entry 1

Kruger James D · CIK 0001593432 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trust

Disclosed balance after: 5,000

F1 · kind: 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.

F1 · balance_after: 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.

Read SEC document
April 15, 2026 Filed Apr 17, 2026 20:40 UTC
Munn William JSecy/Chief Legal Off/Gen Coun
GiftClass A Common Stock 1,052 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000095 · form4.xml · nonDerivative · entry 2

Munn William J · CIK 0001294176 · Secy/Chief Legal Off/Gen Coun

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trust

Disclosed balance after: 12,155

F1 · shares: Shares gifted to a living trust of which the reporting person and his spouse are the trustees and beneficiaries.

F2 · balance_after: Shares held by a living trust of which the reporting person and his spouse are the trustees and beneficiaries.

Read SEC document
April 15, 2026 Filed Apr 17, 2026 20:40 UTC
Munn William JSecy/Chief Legal Off/Gen Coun
GiftClass A Common Stock 1,052 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000095 · form4.xml · nonDerivative · entry 1

Munn William J · CIK 0001294176 · Secy/Chief Legal Off/Gen Coun

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,872

F1 · shares: Shares gifted to a living trust of which the reporting person and his spouse are the trustees and beneficiaries.

Read SEC document
March 30, 2026 Filed Apr 1, 2026 22:22 UTC ConversionPhantom Stock · Derivative 9,544 $0.00 $0.00
Disclosure

SEC source: 0001398344-26-006012 · fp0098105-1_4.xml · derivative · entry 2

Peterson Adam K · CIK 0001667769 · See below

MAGNOLIA CAPITAL FUND, LP · CIK 0001618333 · See remarks

MAGNOLIA GROUP, LLC · CIK 0001618376 · See remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 9,544 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 1-for-1.

F2 · derivative.exercise_date: The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. On March 23, 2026, Adam Peterson notified Nelnet, Inc. of his resignation from the Board of Directors effective immediately. The phantom shares became payable in shares of Class A Common Stock at that time.

F2 · derivative.expiration_date: The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. On March 23, 2026, Adam Peterson notified Nelnet, Inc. of his resignation from the Board of Directors effective immediately. The phantom shares became payable in shares of Class A Common Stock at that time.

F3 · balance_after: 1,668,976 of the reported shares are directly owned by Magnolia Capital Fund, LP, of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of 1,668,976 shares of Common Stock of Nelnet Inc held by Magnolia Capital Fund, LP. Mr. Peterson holds directly 9,544 shares of Class A Common Stock for his own account.

F4 · balance_after: Includes a total of 23 shares acquired on September 16, 2025, 24 shares acquired on December 15, 2025, and 25 shares acquired on March 13, 2026 pursuant to the dividend reinvestment feature of the issuers Directors Stock Compensation Plan.

Read SEC document
March 30, 2026 Filed Apr 1, 2026 22:22 UTC Exercise / conversionClass A Common Stock 9,544 $0.00 $0.00
Disclosure

SEC source: 0001398344-26-006012 · fp0098105-1_4.xml · nonDerivative · entry 1

Peterson Adam K · CIK 0001667769 · See below

MAGNOLIA CAPITAL FUND, LP · CIK 0001618333 · See remarks

MAGNOLIA GROUP, LLC · CIK 0001618376 · See remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,678,520

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Wenger DeeAnnPres, Nelnet Business Services
Tax withholdingClass A Common Stock 636 $132.87 $84,505.32
Disclosure

SEC source: 0001008886-26-000070 · form4.xml · nonDerivative · entry 8

Wenger DeeAnn · CIK 0002022982 · Pres, Nelnet Business Services

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,025

F5 · shares: Shares that were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 10, 2026 award by the issuer of 2,164 shares of bonus compensation stock.

F6 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the average market closing price of the shares for February 27, 2026 through March 5, 2026.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Wenger DeeAnnPres, Nelnet Business Services
GrantClass A Common Stock 2,164 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000070 · form4.xml · nonDerivative · entry 7

Wenger DeeAnn · CIK 0002022982 · Pres, Nelnet Business Services

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,661

F4 · shares: These shares were issued to the reporting person pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2025 paid in stock, which the reporting person became entitled to receive on March 10, 2026.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Wenger DeeAnnPres, Nelnet Business Services
GrantClass A Common Stock 3,764 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000070 · form4.xml · nonDerivative · entry 6

Wenger DeeAnn · CIK 0002022982 · Pres, Nelnet Business Services

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 29,497

F3 · shares: These restricted shares were awarded to the reporting person pursuant to the issuer's Restricted Stock Plan. The shares vest equally over a five-year period, with one-fifth of the amount vesting annually on March 10 of each year.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Wenger DeeAnnPres, Nelnet Business Services
Tax withholdingClass A Common Stock 245 $131.23 $32,151.35
Disclosure

SEC source: 0001008886-26-000070 · form4.xml · nonDerivative · entry 5

Wenger DeeAnn · CIK 0002022982 · Pres, Nelnet Business Services

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,733

F1 · shares: These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).

F2 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2026.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Wenger DeeAnnPres, Nelnet Business Services
Tax withholdingClass A Common Stock 69 $131.23 $9,054.87
Disclosure

SEC source: 0001008886-26-000070 · form4.xml · nonDerivative · entry 4

Wenger DeeAnn · CIK 0002022982 · Pres, Nelnet Business Services

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,978

F1 · shares: These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).

F2 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2026.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Wenger DeeAnnPres, Nelnet Business Services
Tax withholdingClass A Common Stock 129 $131.23 $16,928.67
Disclosure

SEC source: 0001008886-26-000070 · form4.xml · nonDerivative · entry 3

Wenger DeeAnn · CIK 0002022982 · Pres, Nelnet Business Services

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,047

F1 · shares: These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).

F2 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2026.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Wenger DeeAnnPres, Nelnet Business Services
Tax withholdingClass A Common Stock 100 $131.23 $13,123.00
Disclosure

SEC source: 0001008886-26-000070 · form4.xml · nonDerivative · entry 2

Wenger DeeAnn · CIK 0002022982 · Pres, Nelnet Business Services

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,176

F1 · shares: These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).

F2 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2026.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Wenger DeeAnnPres, Nelnet Business Services
Tax withholdingClass A Common Stock 99 $131.23 $12,991.77
Disclosure

SEC source: 0001008886-26-000070 · form4.xml · nonDerivative · entry 1

Wenger DeeAnn · CIK 0002022982 · Pres, Nelnet Business Services

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,276

F1 · shares: These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).

F2 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2026.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Olinger EmilyChief People Services Officer
Tax withholdingClass A Common Stock 509 $132.87 $67,630.83
Disclosure

SEC source: 0001008886-26-000068 · form4.xml · nonDerivative · entry 5

Olinger Emily · CIK 0002022948 · Chief People Services Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,859

F6 · shares: Shares that were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 10, 2026 award by the issuer of 1,732 shares of bonus compensation stock.

F7 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the average market closing price of the shares for February 27, 2026 through March 5, 2026.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Olinger EmilyChief People Services Officer
GrantClass A Common Stock 1,732 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000068 · form4.xml · nonDerivative · entry 4

Olinger Emily · CIK 0002022948 · Chief People Services Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,368

F5 · shares: These shares were issued to the reporting person pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2025 paid in stock, which the reporting person became entitled to receive on March 10, 2026.

F3 · balance_after: Includes (i) 64 shares issued pursuant to the issuer's Employee Share Purchase Plan and (ii) 2 shares acquired by the reporting person pursuant to the issuer's dividend reinvestment plan since March 12, 2025.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Olinger EmilyChief People Services Officer
GrantClass A Common Stock 2,258 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000068 · form4.xml · nonDerivative · entry 3

Olinger Emily · CIK 0002022948 · Chief People Services Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,636

F4 · shares: These restricted shares were awarded to the reporting person pursuant to the issuer's Restricted Stock Plan. The shares vest equally over a five-year period, with one-fifth of the amount vesting annually on March 10 of each year.

F3 · balance_after: Includes (i) 64 shares issued pursuant to the issuer's Employee Share Purchase Plan and (ii) 2 shares acquired by the reporting person pursuant to the issuer's dividend reinvestment plan since March 12, 2025.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Olinger EmilyChief People Services Officer
Tax withholdingClass A Common Stock 50 $131.23 $6,561.50
Disclosure

SEC source: 0001008886-26-000068 · form4.xml · nonDerivative · entry 2

Olinger Emily · CIK 0002022948 · Chief People Services Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,378

F1 · shares: These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).

F2 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2026.

F3 · balance_after: Includes (i) 64 shares issued pursuant to the issuer's Employee Share Purchase Plan and (ii) 2 shares acquired by the reporting person pursuant to the issuer's dividend reinvestment plan since March 12, 2025.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Olinger EmilyChief People Services Officer
Tax withholdingClass A Common Stock 111 $131.23 $14,566.53
Disclosure

SEC source: 0001008886-26-000068 · form4.xml · nonDerivative · entry 1

Olinger Emily · CIK 0002022948 · Chief People Services Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,428

F1 · shares: These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).

F2 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2026.

F3 · balance_after: Includes (i) 64 shares issued pursuant to the issuer's Employee Share Purchase Plan and (ii) 2 shares acquired by the reporting person pursuant to the issuer's dividend reinvestment plan since March 12, 2025.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Tewes TimothyPresident
Tax withholdingClass A Common Stock 3,700 $132.87 $491,619.00
Disclosure

SEC source: 0001008886-26-000073 · form4.xml · nonDerivative · entry 7

Tewes Timothy · CIK 0001427909 · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 94,048

F6 · shares: Shares that were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 10, 2026 award by the issuer of 8,656 shares of bonus compensation stock.

F7 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the average market closing price of the shares for February 27, 2026 through March 5, 2026.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Tewes TimothyPresident
GrantClass A Common Stock 8,656 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000073 · form4.xml · nonDerivative · entry 6

Tewes Timothy · CIK 0001427909 · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 97,748

F5 · shares: These shares were issued to the reporting person pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2025 paid in stock, which the reporting person became entitled to receive on March 10, 2026.

F3 · balance_after: Includes (i) 1,492 shares issued pursuant to the issuer's Employee Share Purchase Plan and (ii) 98 shares acquired through a dividend reinvestment program since March 12, 2025.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Tewes TimothyPresident
GrantClass A Common Stock 7,527 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000073 · form4.xml · nonDerivative · entry 5

Tewes Timothy · CIK 0001427909 · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 89,092

F4 · shares: These restricted shares were awarded to the reporting person pursuant to the issuer's Restricted Stock Plan. The shares vest equally over a five-year period, with one-fifth of the amount vesting annually on March 10 of each year.

F3 · balance_after: Includes (i) 1,492 shares issued pursuant to the issuer's Employee Share Purchase Plan and (ii) 98 shares acquired through a dividend reinvestment program since March 12, 2025.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Tewes TimothyPresident
Tax withholdingClass A Common Stock 135 $131.23 $17,716.05
Disclosure

SEC source: 0001008886-26-000073 · form4.xml · nonDerivative · entry 4

Tewes Timothy · CIK 0001427909 · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 81,565

F1 · shares: These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).

F2 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2026.

F3 · balance_after: Includes (i) 1,492 shares issued pursuant to the issuer's Employee Share Purchase Plan and (ii) 98 shares acquired through a dividend reinvestment program since March 12, 2025.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Tewes TimothyPresident
Tax withholdingClass A Common Stock 322 $131.23 $42,256.06
Disclosure

SEC source: 0001008886-26-000073 · form4.xml · nonDerivative · entry 3

Tewes Timothy · CIK 0001427909 · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 81,700

F1 · shares: These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).

F2 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2026.

F3 · balance_after: Includes (i) 1,492 shares issued pursuant to the issuer's Employee Share Purchase Plan and (ii) 98 shares acquired through a dividend reinvestment program since March 12, 2025.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Tewes TimothyPresident
Tax withholdingClass A Common Stock 356 $131.23 $46,717.88
Disclosure

SEC source: 0001008886-26-000073 · form4.xml · nonDerivative · entry 2

Tewes Timothy · CIK 0001427909 · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 82,022

F1 · shares: These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).

F2 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2026.

F3 · balance_after: Includes (i) 1,492 shares issued pursuant to the issuer's Employee Share Purchase Plan and (ii) 98 shares acquired through a dividend reinvestment program since March 12, 2025.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
Tewes TimothyPresident
Tax withholdingClass A Common Stock 794 $131.23 $104,196.62
Disclosure

SEC source: 0001008886-26-000073 · form4.xml · nonDerivative · entry 1

Tewes Timothy · CIK 0001427909 · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 82,378

F1 · shares: These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).

F2 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2026.

F3 · balance_after: Includes (i) 1,492 shares issued pursuant to the issuer's Employee Share Purchase Plan and (ii) 98 shares acquired through a dividend reinvestment program since March 12, 2025.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
HEIMES TERRY JChief Operating Officer
Tax withholdingClass A Common Stock 3,670 $132.87 $487,632.90
Disclosure

SEC source: 0001008886-26-000072 · form4.xml · nonDerivative · entry 7

HEIMES TERRY J · CIK 0001269804 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,923

F6 · shares: Shares that were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 10, 2026 award by the issuer of 6,492 shares of bonus compensation stock.

F7 · price: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the average market closing price of the shares for February 27, 2026 through March 5, 2026.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
HEIMES TERRY JChief Operating Officer
GrantClass A Common Stock 6,492 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000072 · form4.xml · nonDerivative · entry 6

HEIMES TERRY J · CIK 0001269804 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,593

F5 · shares: These shares were issued to the reporting person pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2025 paid in stock, which the reporting person became entitled to receive on March 10, 2026.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 21:58 UTC
HEIMES TERRY JChief Operating Officer
GrantClass A Common Stock 7,527 $0.00 $0.00
Disclosure

SEC source: 0001008886-26-000072 · form4.xml · nonDerivative · entry 5

HEIMES TERRY J · CIK 0001269804 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,101

F4 · shares: These restricted shares were awarded to the reporting person pursuant to the issuer's Restricted Stock Plan. The shares vest equally over a five-year period, with one-fifth of the amount vesting annually on March 10 of each year.

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.