Matthew W. Dunlap - 10 Mar 2026 Form 4 Insider Report for NELNET INC (NNI)

Role
President, NFS, Director
Signature
/s/ Philip J. Morgan, Attorney-in-Fact for Matthew W. Dunlap
Issuer symbol
NNI
Transactions as of
10 Mar 2026
Net transactions value
$0
Form type
4
Filing time
12 Mar 2026, 21:46:30 UTC
Previous filing
03 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Dunlap Matthew W President, NFS, Director 121 SOUTH 13TH STREET, SUITE 100, LINCOLN /s/ Philip J. Morgan, Attorney-in-Fact for Matthew W. Dunlap 12 Mar 2026 0001917996

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNI Class A Common Stock Tax liability -30 -0.22% $131.23* 13,372 10 Mar 2026 Direct F1, F2, F3
transaction NNI Class A Common Stock Tax liability -67 -0.5% $131.23* 13,305 10 Mar 2026 Direct F1, F2, F3
transaction NNI Class A Common Stock Award +3,764 +28% $0.000000* 17,069 10 Mar 2026 Direct F3, F4
holding NNI Class B Common Stock 226,197 10 Mar 2026 Direct
* 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 28 shares of Class A common stock acquired by the reporting person pursuant to the issuer's dividend reinvestment plan since December 3, 2025.
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.

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.