THOMAS E. HENNING - 05 Sep 2025 Form 4 Insider Report for NELNET INC (NNI)

Role
Director
Signature
/s/ Nicole M. Stawniak, Attorney-in-Fact for Thomas E. Henning
Issuer symbol
NNI
Transactions as of
05 Sep 2025
Net transactions value
-$1,056,219
Form type
4
Filing time
08 Sep 2025, 17:03:30 UTC
Previous filing
18 Jun 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
HENNING THOMAS EDWARD Director C/O NELNET, INC., 121 SOUTH 13TH STREET, SUITE 100, LINCOLN /s/ Nicole M. Stawniak, Attorney-in-Fact for Thomas E. Henning 08 Sep 2025 0001269806

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNI Class A Common Stock Sale $656,464 -5,094 -32% $128.87 11,058 05 Sep 2025 Direct F1
transaction NNI Class A Common Stock Sale $399,755 -3,102 -100% $128.87 0 05 Sep 2025 By Spouse F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan that was entered into by the reporting person on June 6, 2025.
F2 This transaction was effected pursuant to a Rule 10b5-1 trading plan that was entered into by the reporting person's spouse on June 6, 2025.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney