Matthew W. Dunlap - 01 Dec 2025 Form 4 Insider Report for NELNET INC (NNI)

Signature
/s/ Nicole M. Stawniak, Attorney-in-Fact for Matthew W. Dunlap
Issuer symbol
NNI
Transactions as of
01 Dec 2025
Net transactions value
$0
Form type
4
Filing time
03 Dec 2025, 16:35:39 UTC
Previous filing
30 Jul 2025
Next filing
12 Mar 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Dunlap Matthew W President, NFS, Director 121 SOUTH 13TH STREET, SUITE 100, LINCOLN /s/ Nicole M. Stawniak, Attorney-in-Fact for Matthew W. Dunlap 03 Dec 2025 0001917996

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNI Class B Common Stock Gift $0 +63,126 +39% $0.000000 226,197 01 Dec 2025 Direct
holding NNI Class A Common Stock 13,374 01 Dec 2025 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 27 shares of Class A common stock acquired by the reporting person pursuant to the issuer's dividend reinvestment plan since July 30, 2025.

Remarks:

This Form 4 excludes certain shares of the issuer held by various estate planning trusts and by a family limited liability company in which the reporting person has an interest by virtue of being a beneficiary of various trusts, but with respect to which shares the reporting person does not have or share investment control, because the reporting person does not have or share investment or dispositive power or voting power, and thus the reporting person is not deemed to beneficially own such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934. Exhibit List: Exhibit 24 - Power of Attorney