James D. Kruger - 05 Oct 2026 Form 4 Insider Report for NELNET INC (NNI)

Reporting relationship: Chief Financial Officer
Issuer ticker: NNI
Reported as of: 05 Oct 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 07 Oct 2026, 16:39:29 UTC
Prior SEC filing: 10 Jul 2026
Source filing: View source filing
Reporting owner signature: /s/ Nicole M. Stawniak, Attorney-in-Fact for James D. Kruger

Key filing fact

James D. Kruger filed Form 4 for NELNET INC (NNI) on 07 Oct 2026.

Key facts

This page summarizes James D. Kruger's Form 4 filing for NELNET INC (NNI).
8 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 07 Oct 2026, 16:39.

Change

Previous filing in this sequence was filed on 10 Jul 2026.
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 0001593432 Primary reporting owner

Kruger James D

Relationship: Chief Financial Officer
Address: 121 SOUTH 13TH STREET, SUITE 100, LINCOLN
Signature: /s/ Nicole M. Stawniak, Attorney-in-Fact for James D. Kruger
Signature date: 07 Oct 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NNI transaction

Class A Common Stock

Gift

Transaction value
Shares: -4,080
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 05 Oct 2026
Ownership: By GRAT
Footnotes: F1

NNI transaction

Class A Common Stock

Gift

Transaction value
Shares: +1,360
Change %: +54%
Price: $0.000000^*
Shares after: 3,860
Date: 05 Oct 2026
Ownership: By Trust
Footnotes: F1, F2

NNI transaction

Class A Common Stock

Gift

Transaction value
Shares: +1,360
Change %: +27%
Price: $0.000000^*
Shares after: 6,360
Date: 05 Oct 2026
Ownership: By Trust
Footnotes: F1, F3

NNI transaction

Class A Common Stock

Gift

Transaction value
Shares: +1,360
Change %: +14%
Price: $0.000000^*
Shares after: 11,360
Date: 05 Oct 2026
Ownership: By Trust
Footnotes: F1, F4

NNI transaction

Class A Common Stock

Gift

Transaction value
Shares: -4,080
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 05 Oct 2026
Ownership: By GRAT
Footnotes: F5

NNI transaction

Class A Common Stock

Gift

Transaction value
Shares: +1,360
Change %: +35%
Price: $0.000000^*
Shares after: 5,220
Date: 05 Oct 2026
Ownership: By Trust
Footnotes: F2, F5

NNI transaction

Class A Common Stock

Gift

Transaction value
Shares: +1,360
Change %: +21%
Price: $0.000000^*
Shares after: 7,720
Date: 05 Oct 2026
Ownership: By Trust
Footnotes: F3, F5

NNI transaction

Class A Common Stock

Gift

Transaction value
Shares: +1,360
Change %: +12%
Price: $0.000000^*
Shares after: 12,720
Date: 05 Oct 2026
Ownership: By Trust
Footnotes: F4, F5

NNI holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 72,289
Date: 05 Oct 2026
Ownership: Direct
Footnotes: F6

NNI holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 45,192
Date: 05 Oct 2026
Ownership: By revocable trust
Footnotes: F7

NNI holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 45,000
Date: 05 Oct 2026
Ownership: By revocable trust
Footnotes: F8

NNI holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,920
Date: 05 Oct 2026
Ownership: By spouse
Footnotes: F9

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

Represents the transfer of shares upon the termination of a grantor retained annuity trust ("GRAT") established by the reporting person on September 1, 2021, pursuant to its terms. Prior to the termination of the GRAT, the number of Class A Common Stock held by the GRAT reflected an annuity distribution from the GRAT to the reporting person of 2,720 shares on September 24, 2026.

Footnote F2

Shares held by a trust for the benefit of an adult son of the reporting person. 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.

Footnote F3

Shares held by a trust for the benefit of another adult son of the reporting person. 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.

Footnote F4

Shares held by a trust for the benefit of an adult daughter of the reporting person. 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.

Footnote F5

Represents the transfer of shares upon the termination of a GRAT established by the reporting person's spouse on September 1, 2021, pursuant to its terms. Prior to the termination of the GRAT, the number of Class A Common Stock held by the GRAT reflected an annuity distribution from the GRAT to the reporting person's spouse of 2,720 shares on September 24, 2026.

Footnote F6

Includes 4,729 shares issued pursuant to the issuer's Employee Share Purchase Plan. Also includes (i) 1,000 shares held jointly with spouse and (ii) 2,720 shares distributed to the reporting person by a GRAT as discussed in footnote (1) above.

Footnote F7

Shares held by a revocable trust established by the reporting person, of which trust the reporting person is the sole trustee and sole lifetime beneficiary.

Footnote F8

Shares held by a revocable trust established by the reporting person's spouse, of which trust the reporting person's spouse is the sole trustee and sole lifetime beneficiary.

Footnote F9

Includes 2,720 shares distributed to the reporting person's spouse by a GRAT as discussed in footnote (5) above.