Nelnet director granted 1,046 shares at $108

NELNET INC (NNI) reported that director Edward Sysel Pallesen acquired 1,046 shares of Class A Common Stock on September 15, 2026 through a stock grant under the company’s Directors Stock Compensation Plan.

Rhea-AI Filing Summary

NELNET INC (NNI) reported that director Edward Sysel Pallesen acquired 1,046 shares of Class A Common Stock on September 15, 2026 through a stock grant under the company’s Directors Stock Compensation Plan. The award was valued at $108.37 per share, and his directly held stake after the grant is 1,046 shares. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 1,046 shares

Grant/Award 1 txn

Insider Pallesen Edward Sysel

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1	1,046	$108.37	$113K

Holdings After Transaction: Class A Common Stock — 1,046 shares (Direct)

Footnotes (1)

1. F1. These shares were granted pursuant to the issuer's Directors Stock Compensation Plan.

Key Figures

Shares granted: 1,046 shares Grant valuation price per share: $108.37 per share Shares held after transaction: 1,046 shares

3 metrics

Shares granted 1,046 shares Stock grant to director on September 15, 2026

Grant valuation price per share $108.37 per share Value used for the September 15, 2026 stock grant

Shares held after transaction 1,046 shares Director’s direct holdings after the grant

Key Terms

Directors Stock Compensation Plan, Class A Common Stock, Grant, award, or other acquisition

3 terms

Directors Stock Compensation Plan financial

"These shares were granted pursuant to the issuer's Directors Stock Compensation Plan"

Class A Common Stock financial

"security title is listed as Class A Common Stock for the transaction"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Grant, award, or other acquisition financial

"Transaction is coded as Grant, award, or other acquisition"

FAQ

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

What insider transaction did NNI disclose for Edward Sysel Pallesen?

NNI disclosed that director Edward Sysel Pallesen acquired 1,046 shares of Class A Common Stock on September 15, 2026 via a stock grant under the Directors Stock Compensation Plan.

Was the recent NNI insider transaction made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, so the reported stock grant to director Edward Sysel Pallesen is not disclosed as being under a Rule 10b5-1 trading plan.

How many NNI shares does Edward Sysel Pallesen hold after this transaction?

After the September 15, 2026 stock grant, Edward Sysel Pallesen is reported as directly holding 1,046 shares of Nelnet Class A Common Stock.

What price was used to value the NNI stock grant to Edward Sysel Pallesen?

The 1,046-share stock grant to Edward Sysel Pallesen was valued at $108.37 per share of Nelnet Class A Common Stock.

Is the NNI insider transaction a market purchase or a compensation award?

The NNI insider transaction is a compensation award, not a market purchase. The 1,046 shares were granted under the Directors Stock Compensation Plan as disclosed in the footnote.

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

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Available on EDGAR 09/16/2026 - 06:31 PM Accepted by SEC EDGAR 09/16/2026 - 06:31 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/15/2026		A		1,046(1)	A	$108.37	1,046	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were granted pursuant to the issuer's Directors Stock Compensation Plan.

	s/ Nicole M. Stawniak, Attorney-in-Fact for 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 4 (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 4: SEC 1474 (03-26)