NELNET INC — Director's Dealing 2021

Jun 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NELNET INC (NNI)
CIK: 0001258602
Period of Report: 2021-06-21

Reporting Person: Rath Kimberly Kay (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-21	Phantom Stock	$	A	2292	Acquired		Class A Common Stock (2292)	Direct

Footnotes

F1: 1-for-1.

F2: The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock at the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum at the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing at the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.

F3: Includes a total of 600 shares acquired since June 23, 2020 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.