Angie Muhleisen - 28 Jul 2025 Form 4 Insider Report for NELNET INC (NNI)

Role
10%+ Owner
Signature
/s/ Audra Hoffschneider, Attorney-in-Fact for Angela L. Muhleisen
Issuer symbol
NNI
Transactions as of
28 Jul 2025
Net transactions value
$0
Form type
4
Filing time
30 Jul 2025, 18:45:07 UTC
Previous filing
21 Jul 2025
Next filing
20 Aug 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
MUHLEISEN ANGIE 10%+ Owner C/O FARMERS & MERCHANTS INVESTMENT INC., 6801 SOUTH 27TH STREET, LINCOLN /s/ Audra Hoffschneider, Attorney-in-Fact for Angela L. Muhleisen 30 Jul 2025 0001269812

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNI Class A Common Stock Will/Inheritance $0 -1,230,680 -100% $0.000000 0 28 Jul 2025 By Estate F1
transaction NNI Class A Common Stock Will/Inheritance $0 +1,230,680 +127% $0.000000 2,202,879 28 Jul 2025 Direct F1
transaction NNI Class A Common Stock Gift $0 -28,037 -100% $0.000000 0 28 Jul 2025 By GRAT F2
transaction NNI Class A Common Stock Gift $0 +14,019 +57% $0.000000 38,652 28 Jul 2025 By trust F2, F3
transaction NNI Class A Common Stock Gift $0 +14,018 +57% $0.000000 38,651 28 Jul 2025 By trust F2, F4
transaction NNI Class A Common Stock Gift $0 -29,379 -100% $0.000000 0 28 Jul 2025 By GRAT F5
transaction NNI Class A Common Stock Gift $0 +14,689 +38% $0.000000 53,341 28 Jul 2025 By trust F3, F5
transaction NNI Class A Common Stock Gift $0 +14,690 +38% $0.000000 53,341 28 Jul 2025 By trust F4, F5
transaction NNI Class A Common Stock Gift $0 -18,692 -100% $0.000000 0 28 Jul 2025 By GRAT F6
transaction NNI Class A Common Stock Gift $0 +9,346 +18% $0.000000 62,687 28 Jul 2025 By trust F3, F6
transaction NNI Class A Common Stock Gift $0 +9,346 +18% $0.000000 62,687 28 Jul 2025 By trust F4, F6
transaction NNI Class A Common Stock Gift $0 -19,591 -100% $0.000000 0 28 Jul 2025 By GRAT F7
transaction NNI Class A Common Stock Gift $0 +9,795 +16% $0.000000 72,482 28 Jul 2025 By trust F3, F7
transaction NNI Class A Common Stock Gift $0 +9,796 +16% $0.000000 72,483 28 Jul 2025 By trust F4, F7
holding NNI Class A Common Stock 30,050 28 Jul 2025 By GRAT F8
holding NNI Class A Common Stock 35,258 28 Jul 2025 By GRAT F9
holding NNI Class A Common Stock 33,831 28 Jul 2025 By GRAT F10
holding NNI Class A Common Stock 39,348 28 Jul 2025 By GRAT F11
holding NNI Class A Common Stock 26,810 28 Jul 2025 By GRAT F12
holding NNI Class A Common Stock 32,980 28 Jul 2025 By GRAT F13
holding NNI Class A Common Stock 37,425 28 Jul 2025 By GRAT F14
holding NNI Class A Common Stock 44,825 28 Jul 2025 By GRAT F15
holding NNI Class A Common Stock 276,000 28 Jul 2025 By Dynasty Trust F16
holding NNI Class A Common Stock 276,000 28 Jul 2025 By Dynasty Trust F17
holding NNI Class A Common Stock 10,000 28 Jul 2025 By 2020 Dynasty Trust F18
holding NNI Class A Common Stock 10,000 28 Jul 2025 By 2020 Dynasty Trust F19
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the transfer of shares from the estate of Dan D. Muhleisen (the "Estate") to Angela L. Muhleisen. Ms. Muhleisen reported beneficial ownership the shares held by the Estate while it was being administered, but disclaimed beneficial ownership of the shares held by the Estate except to the extent of her pecuniary interest therein.
F2 Represents the transfer of shares upon the termination of a Dan D. Muhleisen GRAT dated 6/10/2020 pursuant to its terms. The shares were transferred to the trusts described in footnotes (3) and (4) below.
F3 Shares held by the Dan D. Muhleisen 2020 Post-Annuity GRAT, of which an adult daughter of Ms. and Mr. Muhleisen is the beneficiary. Ms. Muhleisen 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 her pecuniary interest therein.
F4 Shares held by the Dan D. Muhleisen 2020 Post-Annuity GRAT, of which an adult son of Ms. and Mr. Muhleisen is the beneficiary. Ms. Muhleisen 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 her pecuniary interest therein.
F5 Represents the transfer of shares upon the termination of a separate Dan D. Muhleisen GRAT dated 6/10/2020 pursuant to its terms. The shares were transferred to the trusts described in footnotes (3) and (4) above.
F6 Represents the transfer of shares upon the termination of an Angela L. Muhleisen GRAT dated 6/10/2020 pursuant to its terms. The shares were transferred to the trusts described in footnotes (3) and (4) above.
F7 Represents the transfer of shares upon the termination of a separate Angela L. Muhleisen GRAT dated 6/10/2020 pursuant to its terms. The shares were transferred to the trusts described in footnotes (3) and (4) above.
F8 Shares held by a separate Angela L. Muhleisen GRAT dated 6/10/2020. Ms. Muhleisen 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 her pecuniary interest therein.
F9 Shares held by a separate Angela L. Muhleisen GRAT dated 6/10/2020. Ms. Muhleisen 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 her pecuniary interest therein.
F10 Shares held by a separate Angela L. Muhleisen GRAT dated 6/10/2020. Ms. Muhleisen 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 her pecuniary interest therein.
F11 Shares held by a separate Angela L. Muhleisen GRAT dated 6/10/2020. Ms. Muhleisen 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 her pecuniary interest therein.
F12 Shares held by an Angela L. Muhleisen GRAT dated 11/29/2022. Ms. Muhleisen 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 her pecuniary interest therein.
F13 Shares held by a separate Angela L. Muhleisen GRAT dated 11/29/2022. Ms. Muhleisen 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 her pecuniary interest therein.
F14 Shares held by a separate Angela L. Muhleisen GRAT dated 11/29/2022. Ms. Muhleisen 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 her pecuniary interest therein.
F15 Shares held by a separate Angela L. Muhleisen GRAT dated 11/29/2022. Ms. Muhleisen 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 her pecuniary interest therein.
F16 Shares held by a Dynasty Trust established by Ms. and Mr. Muhleisen in 2012, of which the adult daughter of Ms. and Mr. Muhleisen is the initial beneficiary. Ms. Muhleisen 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 her pecuniary interest therein.
F17 Shares held by a Dynasty Trust established by Ms. and Mr. Muhleisen in 2012, of which the adult son of Ms. and Mr. Muhleisen is the initial beneficiary. Ms. Muhleisen 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 her pecuniary interest therein.
F18 Shares held by a Dynasty Trust established by Ms. Muhleisen in 2020, of which the adult daughter and the adult son of Ms. and Mr. Muhleisen are the initial beneficiaries. Ms. Muhleisen 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 her pecuniary interest therein.
F19 Shares held by a Dynasty Trust established by Mr. Muhleisen in 2020, of which the adult daughter and the adult son of Ms. and Mr. Muhleisen are the initial beneficiaries. Ms. Muhleisen 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 her pecuniary interest therein.