Nelnet Insider Grant: 1,884 Shares Added by Director Bansal

Rhea-AI Filing Summary

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.

Positive

• Insider acquisition: Director Preeta D. Bansal added 1,884 shares, raising direct holdings to 18,617 and modestly strengthening shareholder alignment.

Negative

• Limited signaling value: Shares were issued via the Directors Stock Compensation Plan rather than purchased on the open market, reducing the transaction’s predictive significance.

Insights

Securities Analyst

TL;DR: Routine director stock grant; minor positive alignment, limited market impact.

The Form 4 shows a compensatory grant of 1,884 shares to director Preeta Bansal at $95.58. At roughly $180k, the grant is immaterial relative to Nelnet’s market capitalization and does not reflect an open-market confidence signal. Nevertheless, insider ownership rises to 18,617 shares, incrementally improving governance alignment. No sales or derivative positions were reported, so there is no immediate dilution or insider selling pressure. Overall impact is neutral with a slight positive tilt for alignment.

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
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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 NE 68508

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025

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

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 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	06/16/2025		A		1,884(1)	A	$95.58	18,617	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/ Audra Hoffschneider, Attorney-in-Fact for Preeta D. Bansal	06/18/2025
	** 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.
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FAQ

How many Nelnet (NNI) shares did the director acquire?

Director Preeta D. Bansal acquired 1,884 Class A common shares.

What was the price per share for the insider transaction?

The reported price was $95.58 per share.

What is the director's total shareholding after the transaction?

Following the grant, Bansal beneficially owns 18,617 shares directly.

Was the acquisition an open-market purchase?

No. The shares were granted under the Directors Stock Compensation Plan, coded as an acquisition (A).

Did the filing report any sales or derivative transactions?

No sales or derivative securities were reported; only the share grant was disclosed.