Nelnet director Edward Pallesen reports no holdings

A newly reported director at NELNET INC has filed an initial Form 3 indicating no reportable equity position or recent trades.

Rhea-AI Filing Summary

NELNET INC (NNI) has a new insider disclosure as Edward Sysel Pallesen filed an initial Form 3 as a director of the company. The filing reports no transactions and no reportable equity holdings at this time, and includes a Power of Attorney as an exhibit.

Key Figures

Reported transactions: 0 transactions Exercise transactions: 0 derivative exercises Holding entries: 0 holdings

3 metrics

Reported transactions 0 transactions Insider activity reported on the Form 3

Exercise transactions 0 derivative exercises Derivative activity reported on the Form 3

Holding entries 0 holdings Reportable positions listed after the filing

Key Terms

Form 3, beneficial ownership, Power of Attorney

3 terms

Form 3 regulatory

"filed an initial Form 3 as a director of the company"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

beneficial ownership financial

"initial insider ownership report showing no reportable beneficial ownership"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Power of Attorney regulatory

"includes a Power of Attorney as an exhibit"

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the new Form 3 filing mean for NNI?

The Form 3 shows that Edward Sysel Pallesen is a director of NELNET INC and provides his initial insider ownership report. It discloses no transactions and no reportable equity holdings as of the filing date.

Did Edward Sysel Pallesen report any NNI stock ownership on this Form 3?

No. The Form 3 for NELNET INC indicates no reportable equity holdings for Edward Sysel Pallesen at the time of the filing, and there are no holding entries listed.

Were there any recent insider trades in NNI disclosed in this Form 3?

No. The Form 3 for NELNET INC reports zero transactions, meaning there were no insider purchases, sales, or other reportable trades associated with this filing.

What insider role does Edward Sysel Pallesen have at NELNET INC (NNI)?

Edward Sysel Pallesen is identified in the Form 3 as a director of NELNET INC. He is not reported as an officer or a ten percent owner in this filing.

Does this NNI Form 3 mention a Rule 10b5-1 trading plan?

No. The Form 3 data for NELNET INC does not indicate that transactions were made under a Rule 10b5-1 trading plan, and there are no transactions reported in any case.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 06:29 PM Accepted by SEC EDGAR 09/16/2026 - 06:29 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Pallesen Edward Sysel

(Last) (First) (Middle)

C/O NELNET, INC.

121 SOUTH 13TH ST, SUITE 100

(Street)

LINCOLN NEBRASKA 68508

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
09/15/2026

3. Issuer Name and Ticker or Trading Symbol
NELNET INC [ NNI ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

No securities are beneficially owned.

	/s/ Nicole M. Stawniak, Attorney-in-Fact Edward Sysel Pallesen	09/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)