Key facts
- This page summarizes Adam K. Peterson's Form 4 filing for NELNET INC (NNI).
- 2 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 01 Apr 2026, 18:22.
Adam K. Peterson - 30 Mar 2026 Form 4 Insider Report for NELNET INC (NNI)
- SEC form
- 4
- Accepted by SEC
- 01 Apr 2026, 18:22:34 UTC
- Prior SEC filing
- 27 Apr 2026
- Next SEC filing
- 02 Apr 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Adam K. Peterson
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Adam K. Peterson filed Form 4 for NELNET INC (NNI) on 01 Apr 2026.
Change
- Previous filing in this sequence was filed on 27 Apr 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (3)
CIK 0001667769
Primary reporting owner
Peterson Adam K
- Relationship
- Other*
- Address
- 1601 DODGE STREET, SUITE 3300, OMAHA
- Signature
- /s/ Adam K. Peterson
- Signature date
- 01 Apr 2026
CIK 0001618333
MAGNOLIA CAPITAL FUND, LP
- Relationship
- Other*
- Address
- 1601 DODGE STREET, SUITE 3300, OMAHA
- Signature
- /s/ Adam K. Peterson on behalf of the Magnolia Capital Fund, LP by its General Partner, The Magnolia Group, LLC
- Signature date
- 01 Apr 2026
CIK 0001618376
MAGNOLIA GROUP, LLC
- Relationship
- Other*
- Address
- 1601 DODGE STREET, SUITE 3300, OMAHA
- Signature
- /s/ Adam K. Peterson, managing member on behalf of The Magnolia Group, LLC
- Signature date
- 01 Apr 2026
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
NNI
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +9,544
- Change %
- +0.57%
- Price
- $0.000000*
- Shares after
- 1,678,520
- Date
- 30 Mar 2026
- Ownership
- Direct
NNI
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +9,544
- Change %
- +0.57%
- Price
- $0.000000*
- Shares after
- 1,678,520
- Date
- 30 Mar 2026
- Ownership
- Direct
NNI
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +9,544
- Change %
- +0.57%
- Price
- $0.000000*
- Shares after
- 1,678,520
- Date
- 30 Mar 2026
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NNI
transaction
Derivative
Phantom Stock
Conversion of derivative security
- Transaction value
- Shares
- +9,544
- Change %
- Price
- $0.000000*
- Shares after
- 0
- Date
- 30 Mar 2026
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 9,544
- Exercise price
- Footnotes
- F1, F2, F3, F4
NNI
transaction
Derivative
Phantom Stock
Conversion of derivative security
- Transaction value
- Shares
- +9,544
- Change %
- Price
- $0.000000*
- Shares after
- 0
- Date
- 30 Mar 2026
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 9,544
- Exercise price
- Footnotes
- F1, F2, F3, F4
NNI
transaction
Derivative
Phantom Stock
Conversion of derivative security
- Transaction value
- Shares
- +9,544
- Change %
- Price
- $0.000000*
- Shares after
- 0
- Date
- 30 Mar 2026
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 9,544
- Exercise price
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
1-for-1.
Footnote F2
The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. On March 23, 2026, Adam Peterson notified Nelnet, Inc. of his resignation from the Board of Directors effective immediately. The phantom shares became payable in shares of Class A Common Stock at that time.
Footnote F3
1,668,976 of the reported shares are directly owned by Magnolia Capital Fund, LP, of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of 1,668,976 shares of Common Stock of Nelnet Inc held by Magnolia Capital Fund, LP. Mr. Peterson holds directly 9,544 shares of Class A Common Stock for his own account.
Footnote F4
Includes a total of 23 shares acquired on September 16, 2025, 24 shares acquired on December 15, 2025, and 25 shares acquired on March 13, 2026 pursuant to the dividend reinvestment feature of the issuers Directors Stock Compensation Plan.
SEC remarks
TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein of shares except the 9,544 shares Mr. Peterson directly owns, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.