Nelnet (NNI) director awarded 1,626 Class A shares

Rhea-AI Filing Summary

Bansal Preeta D reported acquisition or exercise transactions in this Form 4 filing.

Nelnet Inc. director Preeta D. Bansal received a grant of 1,626 shares of Class A Common Stock at $110.76 per share. The shares were awarded under the company’s Directors Stock Compensation Plan. Following this grant, she directly holds 20,243 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bansal Preeta D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	1,626	$110.76	$180K

Holdings After Transaction: Class A Common Stock — 20,243 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 1,626 shares Grant price per share: $110.76 per share Shares held after transaction: 20,243 shares

3 metrics

Shares granted 1,626 shares Director stock award on June 15, 2026

Grant price per share $110.76 per share Value used for the stock grant

Shares held after transaction 20,243 shares Director’s direct holdings following the grant

Key Terms

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

3 terms

Class A Common Stock financial

"1,626 shares of Class A Common Stock at $110.76 per share"

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.

Directors Stock Compensation Plan financial

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

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Bansal Preeta D

(Last) (First) (Middle)

C/O NELNET, INC.

121 SOUTH 13TH STREET, 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)
06/15/2026

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	06/15/2026		A		1,626(1)	A	$110.76	20,243	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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Nicole M. Stawniak, Attorney-in-Fact for Preeta D. Bansal	06/17/2026
	** 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)

FAQ

What did Nelnet (NNI) director Preeta D. Bansal report in this Form 4?

Director Preeta D. Bansal reported receiving a grant of 1,626 shares of Nelnet Class A Common Stock. The award was made under the company’s Directors Stock Compensation Plan and increased her direct holdings to 20,243 shares after the transaction.

How many Nelnet shares were granted to director Preeta D. Bansal?

Preeta D. Bansal was granted 1,626 shares of Nelnet Class A Common Stock. These shares represent a compensation award to a director rather than an open-market purchase, reflecting stock-based compensation under the Directors Stock Compensation Plan.

At what price were the Nelnet shares granted to Preeta D. Bansal valued?

The 1,626 granted shares were valued at $110.76 per share. This price is the reported price per share for the stock award and is used to calculate the grant’s value for compensation and disclosure purposes in the Form 4 filing.

How many Nelnet shares does Preeta D. Bansal hold after this stock grant?

After the grant, Preeta D. Bansal directly holds 20,243 shares of Nelnet Class A Common Stock. This total reflects her ownership following the 1,626-share award reported in the Form 4, giving investors context on her overall equity position.

Was the Nelnet Form 4 transaction an open-market buy or a compensation award?

The transaction was a compensation award, not an open-market buy. The Form 4 describes it as a grant or award acquisition, and a footnote clarifies the shares were issued under Nelnet’s Directors Stock Compensation Plan for board service.