Nelnet NNI Insider Ownership

Updated Oct 10, 2026

In the last 12 months, insiders at Nelnet made open-market sales of $51,580 (400 shares) and bought no shares on the open market.

• Jona M. Van Deun (Director) was NNI's largest open-market seller in the past 12 months, with $51,580 of sales (400 shares); the latest was on December 9, 2025.
• Beyond open-market trades, insiders at Nelnet received 44.2K shares in stock awards, acquired 9.54K shares through option exercises and conversions, gave up 19.77K shares to cover taxes or exercise prices and gave away 619.84K shares as gifts in the last 12 months.
• Per Business Quant, NNI insiders together hold 15.41Mn shares based on their latest Form 4 filings, or 42.76% of the 36.04Mn shares outstanding; that total is up 0.01% from 15.41Mn shares at the end of Q2 2026 and up 2.65% from 15.01Mn shares at the end of Q3 2025.
• Indirect holdings, through trusts, partnerships, family members and other entities, make up 57.47% (8.86Mn shares) of Nelnet's insider total, with the other 42.53% (6.55Mn shares) held directly.
• Holdings in Nelnet stock are reported by 19 insiders, the officers, directors and 10% owners who have filed a Form 4 in the past two years.
• Nelnet's top three insider holders by shares held are Michael S. Dunlap (Executive Chairman of Board, 6.59Mn shares), Angie Muhleisen (10% owner, 3.18Mn shares) and Shelby J. Butterfield (2.68Mn shares).
• The largest insider, Michael S. Dunlap, holds 42.78% of NNI's insider total.
• In their Q2 2026 13F filings, institutions reported holding 32.71% of Nelnet's outstanding shares.
• A total of 29 Form 4 filings with transactions in Nelnet stock were made over the past 12 months, by 18 insiders.
• This summary of Nelnet insider activity covers Form 4 filings through October 7, 2026.