MICHAEL S. DUNLAP - 10 Nov 2025 SCHEDULE 13D/A Report for NELNET, INC. Class A Common Stock (NNI)

Filing Manager
MICHAEL S. DUNLAP
Reporting Manager
Dunlap, Michael S.
Security
NELNET, INC. Class A Common Stock
Symbol
NNI
Shares outstanding
35,415,966 shares
Disclosed Ownership
13,387,235 shares
Ownership
37.8%
Form type
SCHEDULE 13D/A
Filing time
13 Nov 2025, 17:08:11 UTC
Date of event
10 Nov 2025
SEC
View on sec.gov

Reporting Managers (3)

Name Ownership Shares Owned sole voting power shared voting power Signature Title CIK
Dunlap, Michael S. 37.8% 13,387,235 2,538,385 10,848,850 /s/ Nicole M. Stawniak, pursuant to power of attorney filed herewith Nicole M. Stawniak, Attorney-in-Fact 0001269797
Union Financial Services, Inc. 5.9% 1,586,691 0 1,586,691 /s/ Nicole M. Stawniak, pursuant to power of attorney filed herewith Nicole M. Stawniak, Attorney-in-Fact
Dunlap Holdings, LLC 5.9% 1,600,000 0 1,600,000 /s/ Nicole M. Stawniak, pursuant to power of attorney filed herewith Nicole M. Stawniak, Attorney-in-Fact