Kimberly Kay Rath - 15 Jun 2026 Form 4 Insider Report for NELNET INC (NNI)

Reporting relationship: Director
Issuer ticker: NNI
Reported as of: 15 Jun 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 17 Jun 2026, 17:03:03 UTC
Prior SEC filing: 18 Jun 2025
Source filing: View source filing
Reporting owner signature: /s/ Nicole M. Stawniak, Attorney-in-Fact for Kimberly Kay Rath

Key filing fact

Kimberly Kay Rath filed Form 4 for NELNET INC (NNI) on 17 Jun 2026.

Key facts

This page summarizes Kimberly Kay Rath's Form 4 filing for NELNET INC (NNI).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 17 Jun 2026, 17:03.

Change

Previous filing in this sequence was filed on 18 Jun 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001417993 Primary reporting owner

Rath Kimberly Kay

Relationship: Director
Address: C/O NELNET, INC., 121 SOUTH 13TH STREET, SUITE 100, LINCOLN
Signature: /s/ Nicole M. Stawniak, Attorney-in-Fact for Kimberly Kay Rath
Signature date: 17 Jun 2026

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NNI transaction Derivative

Phantom Stock

Award

Transaction value
Shares: +1,535
Change %: +2.4%
Price: $110.76^*
Shares after: 65,229
Date: 15 Jun 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,535
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

1-for-1.

Footnote F2

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.

Footnote F3

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.

SEC remarks

Exhibit List: Exhibit 24 - Power of Attorney