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

Reporting relationship: Chief Executive Officer
Issuer ticker: NNI
Reported as of: 10 Mar 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 12 Mar 2026, 21:44:54 UTC
Prior SEC filing: 12 Mar 2025
Source filing: View source filing
Reporting owner signature: /s/ Philip J. Morgan, Attorney-in-Fact for Jeffrey R. Noordhoek

Key filing fact

Jeffrey R. Noordhoek filed Form 4 for NELNET INC (NNI) on 12 Mar 2026.

Key facts

This page summarizes Jeffrey R. Noordhoek's Form 4 filing for NELNET INC (NNI).
5 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 12 Mar 2026, 21:44.

Change

Previous filing in this sequence was filed on 12 Mar 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 0001269813 Primary reporting owner

NOORDHOEK JEFFREY R

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

Reported non-derivative transactions

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

NNI transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -1,195
Change %: -1.1%
Price: $131.23^*
Shares after: 103,283
Date: 10 Mar 2026
Ownership: Direct
Footnotes: F1, F2, F3

NNI transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -537
Change %: -0.52%
Price: $131.23^*
Shares after: 102,746
Date: 10 Mar 2026
Ownership: Direct
Footnotes: F1, F2, F3

NNI transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -486
Change %: -0.47%
Price: $131.23^*
Shares after: 102,260
Date: 10 Mar 2026
Ownership: Direct
Footnotes: F1, F2, F3

NNI transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -204
Change %: -0.2%
Price: $131.23^*
Shares after: 102,056
Date: 10 Mar 2026
Ownership: Direct
Footnotes: F1, F2, F3

NNI transaction

Class A Common Stock

Award

Transaction value
Shares: +7,527
Change %: +7.4%
Price: $0.000000^*
Shares after: 109,583
Date: 10 Mar 2026
Ownership: Direct
Footnotes: F3, F4

NNI holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 311,008
Date: 10 Mar 2026
Ownership: By trust
Footnotes: F5

NNI holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 126,462
Date: 10 Mar 2026
Ownership: By trust
Footnotes: F6

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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).

Footnote 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.

Footnote F3

Includes 5,148 shares issued pursuant to the issuer's Employee Share Purchase Plan.

Footnote 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.

Footnote 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.

Footnote 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.

SEC remarks

Exhibit List: Exhibit 24 - Power of Attorney