X0508 4 2026-03-10 0001258602 NELNET INC NNI 0001269813 NOORDHOEK JEFFREY R 121 SOUTH 13TH STREET SUITE 100 LINCOLN NE 68508 false true false false Chief Executive Officer false Class A Common Stock 2026-03-10 4 F false 1195 131.23 D 103283 D Class A Common Stock 2026-03-10 4 F false 537 131.23 D 102746 D Class A Common Stock 2026-03-10 4 F false 486 131.23 D 102260 D Class A Common Stock 2026-03-10 4 F false 204 131.23 D 102056 D Class A Common Stock 2026-03-10 4 A false 7527 0 A 109583 D Class A Common Stock 311008 I By trust Class A Common Stock 126462 I By trust 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 5,148 shares issued pursuant to the issuer's Employee Share Purchase Plan. 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. Shares held by The Jeffrey R. Noordhoek Amended and Restated Revocable Trust, dated August 9, 2016, which is a revocable trust with respect to which the reporting person is the trustee and settlor, and the reporting person, his spouse and children are beneficiaries. Shares held by the Jeffrey Noordhoek Post Annuity Irrevocable Trust dated August 29, 2003, of which the reporting person's spouse and children are initial beneficiaries. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein. Exhibit List: Exhibit 24 - Power of Attorney /s/ Philip J. Morgan, Attorney-in-Fact for Jeffrey R. Noordhoek 2026-03-12