Jeffrey R. Noordhoek - 10 Mar 2026 Form 4 Insider Report for NELNET INC (NNI)

Role
Chief Executive Officer
Signature
/s/ Philip J. Morgan, Attorney-in-Fact for Jeffrey R. Noordhoek
Issuer symbol
NNI
Transactions as of
10 Mar 2026
Net transactions value
$0
Form type
4
Filing time
12 Mar 2026, 21:44:54 UTC
Previous filing
12 Mar 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
NOORDHOEK JEFFREY R Chief Executive Officer 121 SOUTH 13TH STREET, SUITE 100, LINCOLN /s/ Philip J. Morgan, Attorney-in-Fact for Jeffrey R. Noordhoek 12 Mar 2026 0001269813

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNI Class A Common Stock Tax liability -1,195 -1.1% $131.23* 103,283 10 Mar 2026 Direct F1, F2, F3
transaction NNI Class A Common Stock Tax liability -537 -0.52% $131.23* 102,746 10 Mar 2026 Direct F1, F2, F3
transaction NNI Class A Common Stock Tax liability -486 -0.47% $131.23* 102,260 10 Mar 2026 Direct F1, F2, F3
transaction NNI Class A Common Stock Tax liability -204 -0.2% $131.23* 102,056 10 Mar 2026 Direct F1, F2, F3
transaction NNI Class A Common Stock Award +7,527 +7.4% $0.000000* 109,583 10 Mar 2026 Direct F3, F4
holding NNI Class A Common Stock 311,008 10 Mar 2026 By trust F5
holding NNI Class A Common Stock 126,462 10 Mar 2026 By trust F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 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 Includes 5,148 shares issued pursuant to the issuer's Employee Share Purchase Plan.
F4 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.
F5 Shares held by The Jeffrey R. Noordhoek Amended and Restated Revocable Trust, dated August 9, 2016, which is a revocable trust with respect to which the reporting person is the trustee and settlor, and the reporting person, his spouse and children are beneficiaries.
F6 Shares held by the Jeffrey Noordhoek Post Annuity Irrevocable Trust dated August 29, 2003, of which the reporting person's spouse and children are initial beneficiaries. 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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney