Nelnet SEC Filings

Nelnet, Inc. (NNI) – Form 4 insider activity filed 18 Jun 2025

Director Jona M. Van Deun reported equity awards granted on 16 Jun 2025 under the company’s Directors Stock Compensation Plan.

• Non-derivative shares: 471 Class A common shares acquired (Code A) at a reference price of $95.58, lifting direct ownership to 1,104 shares.
• Derivative (phantom stock): 1,413 units credited on the same date; total phantom stock balance rises to 7,105 units. Each unit converts 1-for-1 into Class A shares and is payable in lump-sum or up to five annual installments after the director leaves the board.

No dispositions were reported, and the filing does not reflect any open-market purchases or sales. Grants stem from routine board compensation and dividend reinvestment features rather than discretionary buying. While the additional equity modestly aligns the director’s interests with shareholders, the transaction is not material relative to Nelnet’s share count or trading volume.

Nelnet, Inc. (NNI) Form 4 filing dated 18-Jun-2025 discloses a routine equity award to Director Kimberly Kay Rath. On 16-Jun-2025 she received 1,779 phantom stock units under the company’s Directors Stock Compensation Plan at a reference price of $95.58 per unit. Each unit is convertible 1-for-1 into Class A common shares and will be settled after her board service ends, either in a lump sum or up to five annual installments, at her election.

Following the grant Ms. Rath beneficially owns 63,058 phantom stock units. This total includes 610 additional units accumulated since 18-Jun-2024 through the plan’s dividend-reinvestment feature. The filing reports no open-market purchases or sales of Nelnet common stock, and the ownership remains direct, with no indication of indirect or 10b5-1 trading plans.

The transaction is a standard director compensation event and does not materially alter the company’s share count or insider ownership structure. Investors typically view such awards as neutral to mildly positive because they maintain director equity alignment, but the impact on valuation or near-term trading dynamics is minimal.

Nelnet, Inc. (NNI) – Form 4 Insider Activity

Director Thomas E. Henning reported the acquisition of 2,015 phantom stock units on 06/16/2025 under the company’s Directors Stock Compensation Plan. Each unit converts 1-for-1 into Class A common stock and will be delivered after the director leaves the Board, either as a lump sum or in up to five annual installments, at his election.

Following this grant, Henning’s holdings total 57,000 phantom stock units, 16,152 Class A shares held directly, and 3,102 shares held indirectly through his spouse. The award was recorded at $95.58 per unit, implying a notional value of roughly $192 k. Table I shows no open-market transactions; the filing relates solely to director compensation rather than active buying or selling.

While the share count is negligible relative to Nelnet’s overall float, the additional units modestly increase insider alignment with shareholders and signal continued board engagement.

Nelnet, Inc. (NNI) – Form 4 insider transaction filed 06/18/2025

Director David S. Graff reported the acquisition of 1,779 Class A common shares on 06/16/2025 under the company’s Directors Stock Compensation Plan. The transaction is coded “A” (grant/acquisition) and lists a reference price of $95.58 per share. Following the grant, Graff’s direct beneficial ownership increased to 30,325 shares.

This filing signals a small but incremental rise (≈6%) in the director’s direct holdings, potentially reflecting continued alignment of board incentives with shareholder interests. No derivative securities were involved, and there is no indication of sales or dispositions.

Nelnet, Inc. (NNI) – Form 4 insider transaction filed 18 June 2025

Director Kathleen A. Farrell reported the receipt of 1,884 Class A common shares on 16 June 2025 under the company’s Directors Stock Compensation Plan. The report shows an acquisition (Code “A”) rather than a sale, executed at a reference price of $95.58 per share. Following the grant, Farrell’s direct ownership rises to 20,944 Class A shares.

In addition, Farrell holds 32,194 units of phantom stock (1-for-1 conversion into Class A common shares). These deferred units will settle in stock when the director leaves the Board, either as a lump sum or in up to five annual instalments, as elected. Footnote 4 indicates the phantom position already reflects 320 shares reinvested from dividends since 18 June 2024.

No dispositions, option exercises or open-market purchases were disclosed, and there are no changes to derivative positions beyond routine plan accruals. The filing represents routine, compensation-based equity awards and does not involve a Rule 10b5-1 trading plan.

Nelnet, Inc. (NNI) – Form 4 Insider Transaction

On 06/16/2025, director Preeta D. Bansal acquired 1,884 Class A common shares of Nelnet at an indicated price of $95.58 per share. The shares were granted under the company’s Directors Stock Compensation Plan, classifying the transaction code as “A” (acquisition).

Following the award, Bansal’s direct beneficial ownership increased to 18,617 shares. No derivative securities were involved and no dispositions were reported. The filing was signed by an attorney-in-fact on 06/18/2025.

The transaction modestly deepens insider equity alignment but, because it is a routine compensatory grant rather than an open-market purchase, the informational value for investors is limited.