| 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 | 2025-09-08 | 0001269806 | 
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes | 
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NNI | Class A Common Stock | Sale | -$656K | -5.09K | -31.54% | $128.87 | 11.1K | Sep 5, 2025 | Direct | F1 | 
| transaction | NNI | Class A Common Stock | Sale | -$400K | -3.1K | -100% | $128.87 | 0 | Sep 5, 2025 | By Spouse | F2 | 
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).
| 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. | 
Exhibit List: Exhibit 24 - Power of Attorney