Quick Takeaways
- NNI - NELNET INC has 23 insiders with reported activity on this page.
- Net insider value flow over the last year: -$6,107,832.
- Recent transaction rows are available for direct filing-level review.
- Info
- Insider Trading
- Financials
- Holders
Insider Transactions Reported by 23 Insiders of NELNET INC
- Symbol
- NNI on NYSE
- Location
- Lincoln, NE
What Changed
- Buy value: ; sell value: $6,107,831.
- Net share flow: -50,525.
Why This Matters
- This page gives a plain-language issuer insider context before you inspect transaction-level evidence.
- Use the filing links below to verify timestamps, codes, and ownership impacts directly from SEC forms.
Source Evidence
Filed on Form 4
See Original Filing
Issuer insider activity is sourced from SEC Forms 3, 4, and 5.
Insider trading overview
Last 12 monthsNet insider flow leans to selling over the last 12 months. Net value: -$6,107,832.
Buys
$0
Shares: 0
Insiders: 0
Sells
$6,107,832
Shares: 50,525
Insiders: 3
Net
-$6,107,832
Shares: -50,525
Insiders: -3
| Window (months) | Buy shares | Sell shares | Buy $ | Sell $ | Net $ |
|---|---|---|---|---|---|
| 0-3 | 0 | 0 | $0 | $0 | $0 |
| 3-6 | 0 | 400 | $0 | $51,580 | -$51,580 |
| 6-9 | 0 | 50,125 | $0 | $6,056,252 | -$6,056,252 |
| 9-12 | 0 | 0 | $0 | $0 | $0 |
NELNET INC executives and other stock owners filed with the SEC include:
| Name | Relationship | Holdings Value | Past Year Net Change | Change % | Valuation | Report Date |
|---|---|---|---|---|---|---|
| Adam K. Peterson | Other* | $383,602,078 | Mixed | 30 Mar 2026 | ||
| Angie Muhleisen | 10%+ Owner | $310,352,653 | Mixed | 18 Aug 2025 | ||
| MAGNOLIA GROUP, LLC | Other* | $223,176,019 | Mixed | 30 Mar 2026 | ||
| MAGNOLIA CAPITAL FUND, LP | Other* | $223,176,019 | Mixed | 30 Mar 2026 | ||
| Michael S. Dunlap | Executive Chairman of Board, Director, 10%+ Owner | $179,807,339 | Mixed | 01 Dec 2025 | ||
| Jeffrey R. Noordhoek | Chief Executive Officer | $31,353,856 | Mixed | 10 Mar 2026 | ||
| James D. Kruger | Chief Financial Officer | $18,513,579 | Mixed | 10 Mar 2026 | ||
| Timothy Tewes | President | $12,492,395 | Mixed | 10 Mar 2026 | ||
| Terry J. Heimes | Chief Operating Officer | $12,033,069 | Mixed | 10 Mar 2026 | ||
| Thomas E. Henning | Director | $6,873,104 | -$1,056,219 | -13% | Mixed | 05 Sep 2025 |
| James P. Abel | Former Director | $6,804,224 | Mixed | 17 Mar 2022 | ||
| Kimberly Kay Rath | Director | $6,027,083 | Mixed | 16 Jun 2025 | ||
| Kathleen A. Farrell | Director | $5,426,302 | Mixed | 16 Jun 2025 | ||
| DeeAnn Wenger | Pres, Nelnet Business Services | $4,121,050 | Mixed | 10 Mar 2026 | ||
| David S. Graff | Director | $2,898,463 | Mixed | 16 Jun 2025 | ||
| William R. Cintani | Director | $2,868,540 | Mixed | 21 Jun 2022 | ||
| William J. Munn | Secy/Chief Legal Off/Gen Coun | $2,453,721 | Median | 15 Apr 2026 | ||
| Matthew W. Dunlap | President, NFS, Director | $2,267,275 | Mixed | 10 Mar 2026 | ||
| Preeta D. Bansal | Director | $1,779,412 | Mixed | 16 Jun 2025 | ||
| Emily Olinger | Chief People Services Officer | $1,043,910 | Mixed | 10 Mar 2026 | ||
| Jona M. van Deun | Director | $769,875 | -$51,580 | -6.3% | Mixed | 09 Dec 2025 |
| Joann M. Martin | Director | $559,852 | Mixed | 21 Jun 2021 | ||
| Shelby J. Butterfield | Former 10% Owner | $60,817 | -$5,000,033 | -99% | Filing P/S | 25 Aug 2025 |
Top shareholders of NELNET INC (13F + 13D/G + 3/4/5)
Grouped by holder across the latest SEC ownership disclosures. Ownership % is shown only when it is directly reported or safely comparable across share classes.
Methodology: rows are grouped by holder and ranked by the holder's primary source value. — indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.
| Holder | Source | Role / Reporting | Ownership % | Shares | Holdings Value | 12M Net Δ | As of | Details |
|---|---|---|---|---|---|---|---|---|
| Michael S. Dunlap |
13D/G
3/4/5
|
Dunlap, Michael S. · Executive Chairman of Board, Director, 10%+ Owner |
38%
|
13,387,235
|
$1,678,491,524 | $0 | 10 Nov 2025 | |
| Angie Muhleisen |
13D/G
3/4/5
|
Muhleisen, Angela L. · 10%+ Owner |
18%
|
4,683,900
|
$587,267,382 | $0 | 30 Sep 2025 | |
| Adam K. Peterson |
3/4/5
|
Other* |
6.5%
|
1,678,520
mixed-class rows
|
$383,602,078 | — | 30 Mar 2026 | |
| UNION BANK & TRUST CO / TRUSTEE |
13D/G
|
— |
7.9%
|
2,047,228
|
$256,681,447 | $0 | 30 Sep 2025 | |
| DIMENSIONAL FUND ADVISORS LP |
13F
|
Company |
7.1%
|
1,848,962
|
$245,839,074 | — | 31 Dec 2025 | |
| MAGNOLIA CAPITAL FUND, LP |
3/4/5
|
Other* |
6.5%
|
1,678,520
|
$223,176,019 | — | 30 Mar 2026 | |
| MAGNOLIA GROUP, LLC |
3/4/5
13F
|
Other* · Company |
6.5%
|
1,678,520
|
$223,176,019 | — | 30 Mar 2026 | |
| VANGUARD GROUP INC |
13F
13D/G
|
Company · The Vanguard Group |
5.2%
from 13D/G
|
1,317,538
|
$175,179,853 | — | 31 Dec 2025 | |
| FARMERS & MERCHANTS INVESTMENTS INC |
13F
|
Company |
4.6%
|
1,184,351
|
$157,471,309 | — | 31 Dec 2025 | |
| BlackRock, Inc. |
13F
|
Company |
3.6%
|
925,076
|
$122,998,120 | — | 31 Dec 2025 | |
| GEODE CAPITAL MANAGEMENT, LLC |
13F
|
Company |
1.2%
|
314,823
|
$41,866,874 | — | 31 Dec 2025 | |
| STATE STREET CORP |
13F
|
Company |
1.2%
|
298,264
|
$39,657,181 | — | 31 Dec 2025 | |
| AMERICAN CENTURY COMPANIES INC |
13F
|
Company |
1%
|
264,275
|
$35,138,104 | — | 31 Dec 2025 | |
| GENERAL AMERICAN INVESTORS CO INC |
13F
|
Company |
0.94%
|
243,415
|
$32,364,458 | — | 31 Dec 2025 | |
| Jeffrey R. Noordhoek |
3/4/5
|
Chief Executive Officer |
0.91%
|
236,045
|
$31,353,856 | — | 10 Mar 2026 | |
| Empyrean Capital Partners, LP |
13F
|
Company |
0.89%
|
231,000
|
$30,713,760 | — | 31 Dec 2025 | |
| QVT Financial LP |
13F
|
Company |
0.89%
|
229,665
|
$30,536,258 | — | 31 Dec 2025 | |
| Bragg Financial Advisors, Inc |
13F
|
Company |
0.82%
|
212,618
|
$28,269,690 | — | 31 Dec 2025 | |
| JPMORGAN CHASE & CO |
13F
|
Company |
0.7%
|
181,523
|
$24,135,299 | — | 31 Dec 2025 | |
| NORTHERN TRUST CORP |
13F
|
Company |
0.62%
|
160,788
|
$21,378,372 | — | 31 Dec 2025 | |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC |
13F
|
Company |
0.6%
|
154,775
|
$20,578,884 | — | 31 Dec 2025 | |
| Sycale Advisors (NY) LLC |
13F
|
Company |
0.59%
|
152,441
|
$20,268,555 | — | 31 Dec 2025 | |
| James D. Kruger |
3/4/5
|
Chief Financial Officer |
0.54%
|
139,378
|
$18,513,579 | — | 10 Mar 2026 | |
| UBS Group AG |
13F
|
Company |
0.51%
|
132,408
|
$17,604,968 | — | 31 Dec 2025 | |
| BAR HARBOR WEALTH MANAGEMENT |
13F
|
Company |
0.43%
|
110,223
|
$14,655,250 | — | 31 Dec 2025 | |
| Bandera Partners LLC |
13F
|
Company |
0.4%
|
102,389
|
$13,616,304 | — | 31 Dec 2025 | |
| Timothy Tewes |
3/4/5
|
President |
0.36%
|
94,048
|
$12,492,395 | — | 10 Mar 2026 | |
| Terry J. Heimes |
3/4/5
|
Chief Operating Officer |
0.35%
|
90,590
|
$12,033,069 | — | 10 Mar 2026 | |
| Qube Research & Technologies Ltd |
13F
|
Company |
0.3%
|
76,814
|
$10,213,189 | — | 31 Dec 2025 | |
| Bank of New York Mellon Corp |
13F
|
Company |
0.29%
|
75,169
|
$9,994,522 | — | 31 Dec 2025 | |
| JANE STREET GROUP, LLC |
13F
|
Company |
0.27%
|
69,711
|
$9,268,774 | — | 31 Dec 2025 | |
| MORGAN STANLEY |
13F
|
Company |
0.26%
|
66,795
|
$8,881,120 | — | 31 Dec 2025 | |
| LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE |
13F
|
Company |
0.26%
|
66,142
|
$8,794,240 | — | 31 Dec 2025 | |
| D. E. Shaw & Co., Inc. |
13F
|
Company |
0.26%
|
66,004
|
$8,775,892 | — | 31 Dec 2025 | |
| Thomas E. Henning |
3/4/5
|
Director |
—
mixed-class rows
|
68,058
mixed-class rows
|
$6,873,104 | -$1,056,219 | 05 Sep 2025 | |
| James P. Abel |
3/4/5
|
Former Director |
—
class O/S missing
|
74,526
|
$6,804,224 | — | 17 Mar 2022 | |
| Guardian Wealth Management, Inc. |
13F
|
Company |
0.19%
|
49,228
|
$6,545,425 | — | 31 Dec 2025 | |
| Philadelphia Financial Management of San Francisco, LLC |
13F
|
Company |
0.18%
|
46,910
|
$6,237,154 | — | 31 Dec 2025 | |
| Crawford Fund Management, LLC |
13F
|
Company |
0.18%
|
46,090
|
$6,128,126 | — | 31 Dec 2025 | |
| Kimberly Kay Rath |
3/4/5
|
Director |
—
class O/S missing
|
63,058
|
$6,027,083 | — | 16 Jun 2025 | |
| GOLDMAN SACHS GROUP INC |
13F
|
Company |
0.17%
|
45,190
|
$6,008,463 | — | 31 Dec 2025 | |
| DENALI ADVISORS LLC |
13F
|
Company |
0.17%
|
44,600
|
$5,930,016 | — | 31 Dec 2025 | |
| Kathleen A. Farrell |
3/4/5
|
Director |
—
mixed-class rows
|
53,138
mixed-class rows
|
$5,426,302 | — | 16 Jun 2025 | |
| Brandywine Global Investment Management, LLC |
13F
|
Company |
0.15%
|
38,854
|
$5,166,028 | — | 31 Dec 2025 | |
| HighTower Advisors, LLC |
13F
|
Company |
0.13%
|
34,855
|
$4,634,342 | — | 31 Dec 2025 | |
| Edgestream Partners, L.P. |
13F
|
Company |
0.13%
|
34,290
|
$4,559,198 | — | 31 Dec 2025 | |
| LPL Financial LLC |
13F
|
Company |
0.13%
|
32,625
|
$4,337,879 | — | 31 Dec 2025 | |
| HRT FINANCIAL LP |
13F
|
Company |
0.12%
|
31,992
|
$4,253,000 | — | 31 Dec 2025 | |
| DeeAnn Wenger |
3/4/5
|
Pres, Nelnet Business Services |
0.12%
|
31,025
|
$4,121,050 | — | 10 Mar 2026 | |
| CITADEL ADVISORS LLC |
13F
|
Company |
0.12%
|
30,987
|
$4,120,031 | — | 31 Dec 2025 |
Recent Insider Transactions by Companies or Individuals for NELNET INC
Showing up to 300 most recent insider transactions from the last 12 months.
| Insider | Symbol | Class | Transaction | % | Value $ | * Price $ | Shares | Shares Owned | Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|---|
| William J. Munn | NNI | Class A Common Stock | Gift | 9.47% | 1,052 | 12,155 | 15 Apr 2026 | By Trust | ||
| William J. Munn | NNI | Class A Common Stock | Gift | -13.3% | -1,052 | 6,872 | 15 Apr 2026 | Direct | ||
| Peterson Adam K | NNI | Class A Common Stock | Options Exercise | 0.57% | 9,544 | 1,678,520 | 30 Mar 2026 | Direct | ||
| Peterson Adam K | NNI | Class A Common Stock | Options Exercise | 0.57% | 9,544 | 1,678,520 | 30 Mar 2026 | Direct | ||
| Adam K. Peterson | NNI | Class A Common Stock | Options Exercise | 0.57% | 9,544 | 1,678,520 | 30 Mar 2026 | Direct | ||
| Peterson Adam K | NNI | Phantom Stock | Conversion of derivative security | 9,544 | 0 | 30 Mar 2026 | Direct | |||
| Peterson Adam K | NNI | Phantom Stock | Conversion of derivative security | 9,544 | 0 | 30 Mar 2026 | Direct | |||
| Adam K. Peterson | NNI | Phantom Stock | Conversion of derivative security | 9,544 | 0 | 30 Mar 2026 | Direct | |||
| William J. Munn | NNI | Class A Common Stock | Award | 182.1% | 5,608 | 8,687 | 10 Mar 2026 | Direct | ||
| William J. Munn | NNI | Class A Common Stock | Tax liability | -28.1% | -1,204 | 3,079 | 10 Mar 2026 | Direct | ||
| Emily Olinger | NNI | Class A Common Stock | Award | 91.1% | 3,990 | 8,368 | 10 Mar 2026 | Direct | ||
| Emily Olinger | NNI | Class A Common Stock | Tax liability | -13.3% | -670 | 4,378 | 10 Mar 2026 | Direct | ||
| James D. Kruger | NNI | Class A Common Stock | Award | 28.4% | 16,183 | 73,080 | 10 Mar 2026 | Direct | ||
| James D. Kruger | NNI | Class A Common Stock | Tax liability | -8.54% | -5,310 | 56,897 | 10 Mar 2026 | Direct | ||
| Terry J. Heimes | NNI | Class A Common Stock | Award | 79.8% | 14,019 | 31,593 | 10 Mar 2026 | Direct | ||
| Terry J. Heimes | NNI | Class A Common Stock | Tax liability | -23.1% | -5,274 | 17,574 | 10 Mar 2026 | Direct | ||
| DeeAnn Wenger | NNI | Class A Common Stock | Award | 23% | 5,928 | 31,661 | 10 Mar 2026 | Direct | ||
| DeeAnn Wenger | NNI | Class A Common Stock | Tax liability | -4.73% | -1,278 | 25,733 | 10 Mar 2026 | Direct | ||
| Timothy Tewes | NNI | Class A Common Stock | Award | 19.8% | 16,183 | 97,748 | 10 Mar 2026 | Direct | ||
| Timothy Tewes | NNI | Class A Common Stock | Tax liability | -6.11% | -5,307 | 81,565 | 10 Mar 2026 | Direct | ||
| Matthew W. Dunlap | NNI | Class A Common Stock | Award | 28.3% | 3,764 | 17,069 | 10 Mar 2026 | Direct | ||
| Matthew W. Dunlap | NNI | Class A Common Stock | Tax liability | -0.72% | -97 | 13,305 | 10 Mar 2026 | Direct | ||
| Jeffrey R. Noordhoek | NNI | Class A Common Stock | Award | 7.38% | 7,527 | 109,583 | 10 Mar 2026 | Direct | ||
| Jeffrey R. Noordhoek | NNI | Class A Common Stock | Tax liability | -2.32% | -2,422 | 102,056 | 10 Mar 2026 | Direct | ||
| Jona M. van Deun | NNI | Class A Common Stock | Sale | -36.2% | $51,580 | $128.95 | -400 | 704 | 09 Dec 2025 | Direct |
| Matthew W. Dunlap | NNI | Class B Common Stock | Gift | 38.7% | 63,126 | 226,197 | 01 Dec 2025 | Direct | ||
| Michael S. Dunlap | NNI | Class B Common Stock | Gift | 505,006 | 168,119 | 01 Dec 2025 | By trust | |||
| Michael S. Dunlap | NNI | Class B Common Stock | Gift | -100% | -568,132 | 0 | 01 Dec 2025 | By GRAT | ||
| Michael S. Dunlap | NNI | Class A Common Stock | Gift | -2.47% | -35,000 | 1,382,982 | 19 Nov 2025 | Direct | ||
| Thomas E. Henning | NNI | Class A Common Stock | Sale | -100% | $399,755 | $128.87 | -3,102 | 0 | 05 Sep 2025 | By Spouse |
| Thomas E. Henning | NNI | Class A Common Stock | Sale | -31.5% | $656,464 | $128.87 | -5,094 | 11,058 | 05 Sep 2025 | Direct |
| Shelby J. Butterfield | NNI | Class A Common Stock | Sale | -98.8% | $5,000,033 | $119.25 | -41,929 | 510 | 25 Aug 2025 | By Butterfield GST Non-Exempt Marital Trust |
| Shelby J. Butterfield | NNI | Class A Common Stock | Conversion of derivative security | 8221.4% | 41,929 | 42,439 | 25 Aug 2025 | By Butterfield GST Non-Exempt Marital Trust | ||
| Shelby J. Butterfield | NNI | Class B Common Stock | Conversion of derivative security | -19% | -41,929 | 178,953 | 25 Aug 2025 | By Butterfield GST Non-Exempt Marital Trust | ||
| Angie Muhleisen | NNI | Class A Common Stock | Gift | -0.53% | -11,699 | 2,191,180 | 18 Aug 2025 | Direct | ||
| Shelby J. Butterfield | NNI | Class B Common Stock | Gift | 7,369 | 3,685 | 28 Jul 2025 | By trust | |||
| Shelby J. Butterfield | NNI | Class B Common Stock | Gift | -100% | -18,424 | 0 | 28 Jul 2025 | By CLAT | ||
| Matthew W. Dunlap | NNI | Class B Common Stock | Gift | 5.2% | 8,059 | 163,071 | 28 Jul 2025 | Direct | ||
| Michael S. Dunlap | NNI | Class B Common Stock | Gift | 64,476 | 24,179 | 28 Jul 2025 | By trust | |||
| Michael S. Dunlap | NNI | Class B Common Stock | Gift | -100% | -72,535 | 0 | 28 Jul 2025 | By GRAT | ||
| Angie Muhleisen | NNI | Class A Common Stock | Gift | 95,699 | 72,483 | 28 Jul 2025 | By trust | |||
| Angie Muhleisen | NNI | Class A Common Stock | Gift | -100% | -95,699 | 0 | 28 Jul 2025 | By GRAT | ||
| Angie Muhleisen | NNI | Class A Common Stock | Will/Inheritance | 126.6% | 1,230,680 | 2,202,879 | 28 Jul 2025 | Direct | ||
| Angie Muhleisen | NNI | Class A Common Stock | Will/Inheritance | -100% | -1,230,680 | 0 | 28 Jul 2025 | By Estate | ||
| Angie Muhleisen | NNI | Class A Common Stock | Gift | -4.07% | -41,250 | 972,199 | 17 Jul 2025 | Direct | ||
| Adam K. Peterson | NNI | Phantom Stock | Award | 0.11% | 1,884 | 1,678,448 | 16 Jun 2025 | Direct | ||
| Jona M. van Deun | NNI | Class A Common Stock | Award | 74.4% | 471 | 1,104 | 16 Jun 2025 | Direct | ||
| Jona M. van Deun | NNI | Phantom Stock | Award | 24.8% | 1,413 | 7,105 | 16 Jun 2025 | Direct | ||
| Kimberly Kay Rath | NNI | Phantom Stock | Award | 2.9% | 1,779 | 63,058 | 16 Jun 2025 | Direct | ||
| Thomas E. Henning | NNI | Phantom Stock | Award | 3.66% | 2,015 | 57,000 | 16 Jun 2025 | Direct |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.