1 unchanged sentence
Rule 10b5-1 Trading Plans
−Removed: During the first quarter of 2026, none of the Company's officers or directors adopted or terminated any contract, instruction, or written plan for the purchase or sale of the Company's securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), referred to as Rule 10b5-1 trading plans, or any non-Rule 10b5-1 trading arrangement.
−Removed: 10.1 Credit Agreement dated as of March 31, 2026, between Nelnet, Inc., U.S.
−Removed: Bank National Association, as Administrative Agent, Wells Fargo Bank, National Association, as Syndication Agent, Royal Bank of Canada, as Documentation Agent, U.S.
−Removed: Bank National Association and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Joint Book Runners, and various lender parties thereto, filed as Exhibit 10.1 to the registrant's Current Report on Form 8-K filed on April 2, 2026 and incorporated herein by reference.
+Added: The following table describes contracts, instructions, or written plans for the purchase or sale of the Company's securities adopted by the Company's directors or executive officers during the second quarter of 2026, each of which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), referred to as Rule 10b5-1 trading plans:
+Added: Name and Title Date of Adoption of Rule 10b5-1 Trading Plan Scheduled Expiration Date of Rule 10b5-1 Trading Plan (a) Aggregate Number of Securities to Be Purchased or Sold
+Added: Timothy Tewes (b)
+Added: Former President
+Added: 6/12/2026 6/11/2027 Sale of 30,000 shares of Class A common stock
+Added: (a) A trading plan may also expire on such earlier date as all transactions under the trading plan are completed.
+Added: Tewes retired from the Company effective June 30, 2026.
+Added: The Rule 10b5-1 trading arrangement was adopted on June 12, 2026, while Mr.
+Added: Tewes was serving as President.
+Added: 10.1 Nelnet, Inc.
+Added: Directors Stock Compensation Plan, as amended through May 14, 2026, filed as Exhibit 10.1 to the registrant's Current Report on Form 8-K filed on May 18, 2026 and incorporated herein by reference.
31.1* Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of Chief Executive Officer Jeffrey R.
12 unchanged sentences
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: May 7, 2026 By:
+Added: August 6, 2026 By:
/s/ JEFFREY R.
1 unchanged sentence
Principal Executive Officer
−Removed: May 7, 2026 By:
+Added: August 6, 2026 By:
Chief Financial Officer
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.