Timothy Tewes - 10 Mar 2026 Form 4 Insider Report for NELNET INC (NNI)

Reporting relationship: President
Issuer ticker: NNI
Reported as of: 10 Mar 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 12 Mar 2026, 21:58:24 UTC
Prior SEC filing: 12 Mar 2025
Source filing: View source filing
Reporting owner signature: /s/ Philip J. Morgan, Attorney-in-Fact for Timothy Tewes

Key filing fact

Timothy Tewes filed Form 4 for NELNET INC (NNI) on 12 Mar 2026.

Key facts

This page summarizes Timothy Tewes's Form 4 filing for NELNET INC (NNI).
7 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 12 Mar 2026, 21:58.

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 0001427909 Primary reporting owner

Tewes Timothy

Relationship: President
Address: 121 SOUTH 13TH STREET, SUITE 100, LINCOLN
Signature: /s/ Philip J. Morgan, Attorney-in-Fact for Timothy Tewes
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: -794
Change %: -0.95%
Price: $131.23^*
Shares after: 82,378
Date: 10 Mar 2026
Ownership: Direct
Footnotes: F1, F2, F3

NNI transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -356
Change %: -0.43%
Price: $131.23^*
Shares after: 82,022
Date: 10 Mar 2026
Ownership: Direct
Footnotes: F1, F2, F3

NNI transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -322
Change %: -0.39%
Price: $131.23^*
Shares after: 81,700
Date: 10 Mar 2026
Ownership: Direct
Footnotes: F1, F2, F3

NNI transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -135
Change %: -0.17%
Price: $131.23^*
Shares after: 81,565
Date: 10 Mar 2026
Ownership: Direct
Footnotes: F1, F2, F3

NNI transaction

Class A Common Stock

Award

Transaction value
Shares: +7,527
Change %: +9.2%
Price: $0.000000^*
Shares after: 89,092
Date: 10 Mar 2026
Ownership: Direct
Footnotes: F3, F4

NNI transaction

Class A Common Stock

Award

Transaction value
Shares: +8,656
Change %: +9.7%
Price: $0.000000^*
Shares after: 97,748
Date: 10 Mar 2026
Ownership: Direct
Footnotes: F3, F5

NNI transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -3,700
Change %: -3.8%
Price: $132.87^*
Shares after: 94,048
Date: 10 Mar 2026
Ownership: Direct
Footnotes: F6, F7

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 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 (i) 1,492 shares issued pursuant to the issuer's Employee Share Purchase Plan and (ii) 98 shares acquired through a dividend reinvestment program since March 12, 2025.

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

These shares were issued to the reporting person pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2025 paid in stock, which the reporting person became entitled to receive on March 10, 2026.

Footnote F6

Shares that were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 10, 2026 award by the issuer of 8,656 shares of bonus compensation stock.

Footnote F7

Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the average market closing price of the shares for February 27, 2026 through March 5, 2026.

SEC remarks

Exhibit List: Exhibit 24 - Power of Attorney