X0508 4 2026-03-10 0001258602 NELNET INC NNI 0001427909 Tewes Timothy 121 SOUTH 13TH STREET SUITE 100 LINCOLN NE 68508 false true false false President false Class A Common Stock 2026-03-10 4 F false 794 131.23 D 82378 D Class A Common Stock 2026-03-10 4 F false 356 131.23 D 82022 D Class A Common Stock 2026-03-10 4 F false 322 131.23 D 81700 D Class A Common Stock 2026-03-10 4 F false 135 131.23 D 81565 D Class A Common Stock 2026-03-10 4 A false 7527 0 A 89092 D Class A Common Stock 2026-03-10 4 A false 8656 0 A 97748 D Class A Common Stock 2026-03-10 4 F false 3700 132.87 D 94048 D These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d). Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2026. Includes (i) 1,492 shares issued pursuant to the issuer's Employee Share Purchase Plan and (ii) 98 shares acquired through a dividend reinvestment program since March 12, 2025. These restricted shares were awarded to the reporting person pursuant to the issuer's Restricted Stock Plan. The shares vest equally over a five-year period, with one-fifth of the amount vesting annually on March 10 of each year. These shares were issued to the reporting person pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2025 paid in stock, which the reporting person became entitled to receive on March 10, 2026. Shares that were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 10, 2026 award by the issuer of 8,656 shares of bonus compensation stock. Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the average market closing price of the shares for February 27, 2026 through March 5, 2026. Exhibit List: Exhibit 24 - Power of Attorney /s/ Philip J. Morgan, Attorney-in-Fact for Timothy Tewes 2026-03-12