Welcome to our dedicated page for Nelnet SEC filings (Ticker: NNI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Nelnet, Inc. filings document operating results, subsidiary banking disclosures, governance matters, and financing arrangements for a company active in loan servicing, loan asset management, education technology, payment services, and Nelnet Bank. Its 8-K reports furnish quarterly earnings materials, Regulation FD disclosures for Nelnet Bank Call Reports, material agreements, and board-level changes.
Proxy materials describe director elections, executive compensation, equity awards, shareholder voting matters, and board governance. Financing disclosures include credit agreements, subsidiary guarantees, borrowing covenants, recourse indebtedness limits, and asset quality tests tied to non-FFELP loans held by the company and its consolidated subsidiaries.
Report: Nelnet, Inc. filed an 8-K on August 6, 2025 announcing a press release reporting results for the quarter ended June 30, 2025.
Key items furnished:
- Exhibit 99.1: Press Release dated August 6, 2025 - "Nelnet Reports Second Quarter 2025 Results"
- Exhibit 99.2: Supplemental Financial Information for the quarter ended June 30, 2025 (also made available on the Company website)
- Exhibit 104: Cover Page Interactive Data File (Inline XBRL)
The filing states the exhibits are "furnished" and are not "deemed filed" under Section 18 of the Exchange Act and that website content is not incorporated by reference. The filing includes a forward-looking statements disclaimer and directs readers to risk factors in the Companys Annual Report (filed February 27, 2025) and its Quarterly Report for the three months ended June 30, 2025 (filed August 6, 2025). The report is signed by CFO James D. Kruger.
Nelnet, Inc. (NNI) – Form 4 filed 30-Jul-2025
Executive Chairman and 10% owner Michael S. Dunlap reports indirect beneficial ownership of ≈5.21 million Class B shares and 136 Class A shares across multiple entities as of the 28-Jul-2025 transaction date. The holdings are spread among Union Financial Services, Inc. (1.59 M shares), five 2015 Grantor Retained Annuity Trusts, two 2011 Post-Annuity Irrevocable Trusts, six 2015 Post-Annuity Irrevocable Trusts, three 2023 Post-Annuity Irrevocable Trusts, and six Dynasty Trusts established in 2011-2019. Dunlap disclaims beneficial ownership except to the extent of his pecuniary interest in each vehicle.
This filing is the second of two Form 4s submitted the same day to report the 28-Jul-2025 transfers; the first filing contained the initial line items, while this document lists additional positions that exceeded the SEC table-row limit. No derivative securities are reported, and the form provides no transaction codes, prices, or share counts acquired/disposed, indicating that this portion of the disclosure is limited to post-transfer ownership totals.
Because the filing records ownership rather than open-market activity, it does not directly signal buying or selling pressure for NNI shares, but it confirms that Dunlap continues to control a significant equity stake—largely through estate-planning structures.
Nelnet, Inc. (NNI) Form 4 filing dated 18-Jun-2025 reports an insider equity award to Director Adam K. Peterson and affiliated investment entities Magnolia Capital Fund, LP and The Magnolia Group, LLC.
On 16-Jun-2025 Mr. Peterson received 1,884 shares of phantom stock under the issuer’s Directors Stock Compensation Plan at a reference price of $95.58 per share (1-for-1 convertible into Class A Common Stock). The phantom shares will be settled in actual stock, either in a lump sum or up to five annual instalments, only after the director leaves the Board.
Post-transaction holdings are as follows:
- Total derivative securities now held: 1,678,448 shares.
- Magnolia Capital Fund, LP directly owns: 1,668,976 shares of common stock.
- Adam K. Peterson directly owns: 9,472 phantom shares, inclusive of the 1,884 just granted.
The grant also reflects dividend reinvestment activity—19–20 additional phantom shares were automatically credited on four dividend dates between Sep-2024 and Jun-2025.
The filing is a routine disclosure of director compensation; no open-market purchases or sales were reported. Magnolia entities and Mr. Peterson expressly disclaim beneficial ownership beyond their economic interest.
Nelnet, Inc. (NNI) – Form 4 insider activity filed 18 Jun 2025
Director Jona M. Van Deun reported equity awards granted on 16 Jun 2025 under the company’s Directors Stock Compensation Plan.
- Non-derivative shares: 471 Class A common shares acquired (Code A) at a reference price of $95.58, lifting direct ownership to 1,104 shares.
- Derivative (phantom stock): 1,413 units credited on the same date; total phantom stock balance rises to 7,105 units. Each unit converts 1-for-1 into Class A shares and is payable in lump-sum or up to five annual installments after the director leaves the board.
No dispositions were reported, and the filing does not reflect any open-market purchases or sales. Grants stem from routine board compensation and dividend reinvestment features rather than discretionary buying. While the additional equity modestly aligns the director’s interests with shareholders, the transaction is not material relative to Nelnet’s share count or trading volume.