Based on data from the past 90 days ending January 10, 2026, Nelnet's three largest insider shareholders are TenPercentOwner Angie Muhleisen (2.26Mn shares), Director Adam K Peterson (1.68Mn shares), Executive Chairman Of Board Michael S Dunlap (1.54Mn shares).
| Holder | Position | Shares | Report Date |
|---|---|---|---|
| Angie Muhleisen | 2,263,663 | 20 Aug, 2025 | |
| Adam K Peterson | 1,676,487 | 10 Jun, 2025 | |
| Michael S Dunlap | Executive Chairman Of Board | 1,536,862 | 21 Nov, 2025 |
| Matthew W Dunlap | President And Nfs | 226,197 | 03 Dec, 2025 |
| Jeffrey R Noordhoek | Chief Executive Officer | 104,467 | 12 Mar, 2025 |
| Timothy Tewes | President | 83,074 | 12 Mar, 2025 |
| James P Abel | 74,026 | 17 Mar, 2022 | |
| James D Kruger | Chief Financial Officer | 61,060 | 12 Mar, 2025 |
| David S Graff | 30,325 | 18 Jun, 2025 | |
| Terry J Heimes | Chief Operating Officer | 29,235 | 12 Mar, 2025 |
| Deeann Wenger | Pres And Nelnet Business Services | 26,375 | 12 Mar, 2025 |
| Kathleen Anne Farrell | 20,944 | 18 Jun, 2025 | |
| Preeta D Bansal | 18,617 | 18 Jun, 2025 | |
| William J Munn | Secy/Chief Legal Off/Gen Coun | 14,623 | 11 Apr, 2025 |
| Thomas Edward Henning | 11,058 | 08 Sep, 2025 | |
| Joann M Martin | 6,132 | 22 Jun, 2021 | |
| Emily Olinger | Chief People Services Officer | 4,473 | 12 Mar, 2025 |
| Deun Jona M Van | 704 | 11 Dec, 2025 | |
| Shelby J Butterfield | 510 | 27 Aug, 2025 |
* Please note that the shares above only reflect shares from the fund portfolio and the institutional portfolio. Shares from the personal portfolio are excluded from this Institutional Ownership Page. See these insiders' latest transactions here on Insider Page.
| Transaction Date | Insider Name | Security Class | Transaction Type | Shares Traded | Price | Shares Remaining | Ownership | Code |
|---|---|---|---|---|---|---|---|---|
| 09 Dec, 2025 | Deun Jona M Van | Class A Common Stock | D | 400 | $128.95 | 704 | D | S |
| 01 Dec, 2025 | Michael S Dunlap | Class B Common Stock | A | 100,680 | $0.00 | 168,119 | I | G |
| 01 Dec, 2025 | Michael S Dunlap | Class B Common Stock | A | 59,132 | $0.00 | 103,905 | I | G |
| 01 Dec, 2025 | Michael S Dunlap | Class B Common Stock | A | 88,697 | $0.00 | 153,880 | I | G |
| 01 Dec, 2025 | Michael S Dunlap | Class B Common Stock | A | 100,680 | $0.00 | 168,119 | I | G |
| 01 Dec, 2025 | Michael S Dunlap | Class B Common Stock | A | 88,697 | $0.00 | 153,880 | I | G |
| 01 Dec, 2025 | Michael S Dunlap | Class B Common Stock | A | 67,120 | $0.00 | 113,449 | I | G |
| 01 Dec, 2025 | Michael S Dunlap | Class B Common Stock | D | 266,092 | $0.00 | 0 | I | G |
| 01 Dec, 2025 | Michael S Dunlap | Class B Common Stock | D | 302,040 | $0.00 | 0 | I | G |
| 01 Dec, 2025 | Matthew W Dunlap | Class B Common Stock | A | 63,126 | $0.00 | 226,197 | D | G |
| 19 Nov, 2025 | Michael S Dunlap | Class A Common Stock | D | 35,000 | $0.00 | 1,382,982 | D | G |
| 05 Sep, 2025 | Thomas Edward Henning | Class A Common Stock | D | 5,094 | $128.87 | 11,058 | D | S |
| 05 Sep, 2025 | Thomas Edward Henning | Class A Common Stock | D | 3,102 | $128.87 | 0 | I | S |
| 05 Sep, 2025 | Thomas Edward Henning | - | - | 11,058 | D | |||
| 05 Sep, 2025 | Thomas Edward Henning | - | - | 0 | I | |||
| 25 Aug, 2025 | Shelby J Butterfield | - | - | 178,953 | I | |||
| 25 Aug, 2025 | Shelby J Butterfield | Class A Common Stock | D | 41,929 | $119.25 | 510 | I | S |
| 25 Aug, 2025 | Shelby J Butterfield | Class A Common Stock | A | 41,929 | - | 42,439 | I | C |
| 25 Aug, 2025 | Shelby J Butterfield | Class B Common Stock | D | 41,929 | - | 178,953 | I | C |
| 18 Aug, 2025 | Angie Muhleisen | Class A Common Stock | D | 11,699 | $0.00 | 2,191,180 | D | G |