Nelnet director granted 1,108 company shares

Nelnet director Angie J. Klein reported a stock-based compensation grant of 1,108 Class A shares, now held directly.

Rhea-AI Filing Summary

NELNET INC (symbol: NNI) is the issuer of record for a Form 4 filing submitted to the SEC. KLEIN ANGIE J reported acquisition or exercise transactions in this Form 4 filing.

NELNET INC (NNI) director Angie J. Klein received a grant of 1,108 shares of Class A Common Stock on September 15, 2026, valued at $108.37 per share, under the company’s Directors Stock Compensation Plan. After this award, she directly holds 1,108 shares of Nelnet stock.

Insider Trade Summary

Grant/Award: 1,108 shares

Grant/Award 1 txn

Insider KLEIN ANGIE J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1	1,108	$108.37	$120K

Holdings After Transaction: Class A Common Stock — 1,108 shares (Direct)

Footnotes (1)

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

Key Figures

Shares granted: 1,108 shares Per-share grant value: $108.37 per share Post-transaction holdings: 1,108 shares

3 metrics

Shares granted 1,108 shares Grant of Class A Common Stock on September 15, 2026

Per-share grant value $108.37 per share Value associated with the 1,108-share grant

Post-transaction holdings 1,108 shares Direct holdings of Angie J. Klein after the grant

Key Terms

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

3 terms

Class A Common Stock financial

"The transaction involved 1,108 shares of Class A Common Stock."

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

"The filing classifies the transaction as a Grant, award, or other acquisition."

Directors Stock Compensation Plan financial

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

FAQ

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

What insider transaction did Nelnet (NNI) director Angie J. Klein report?

She reported a grant of 1,108 shares of Nelnet Class A Common Stock on September 15, 2026, received as stock-based compensation under the Directors Stock Compensation Plan.

Was Angie J. Klein’s Nelnet (NNI) transaction a purchase or a grant?

It was a grant/award acquisition, not an open-market purchase. The filing classifies the transaction as a grant of Class A Common Stock pursuant to Nelnet’s Directors Stock Compensation Plan.

What price is associated with Angie J. Klein’s Nelnet (NNI) stock grant?

The reported value is $108.37 per share for the 1,108 shares of Class A Common Stock granted on September 15, 2026, according to the Form 4 filing.

How many Nelnet (NNI) shares does Angie J. Klein hold after this Form 4 transaction?

Following the reported grant, Angie J. Klein directly holds 1,108 shares of Nelnet Class A Common Stock, as shown in the post-transaction holdings column.

Was Angie J. Klein’s Nelnet (NNI) grant made under a Rule 10b5-1 trading plan?

No Rule 10b5-1 trading plan is indicated. The filing’s plan checkbox is not affirmed, and the footnote only states that the shares were granted under the Directors Stock Compensation Plan.

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

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Available on EDGAR 09/16/2026 - 06:25 PM Accepted by SEC EDGAR 09/16/2026 - 06:25 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^*

KLEIN ANGIE J

(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		1,108(1)	A	$108.37	1,108	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 Angie J. Klein	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)