Dunlap Matthew W 4

What Happened

• Matthew W. Dunlap, President and Director of Nelnet, had 15 shares withheld by the issuer on June 10, 2026 to satisfy his tax obligation arising from the vesting of a previously granted award. The shares were valued at $130.72 each, totaling $1,961 (reported as a disposition under code F).

Key Details

• Transaction date: June 10, 2026; reported on Form 4 filed June 11, 2026 (timely filing).
• Shares withheld: 15; per-share value used for withholding: $130.72; total value: $1,961.
• Nature of transaction: tax withholding on vested shares (code F) — not an open-market sale.
• Footnotes: F1 notes the shares were withheld to satisfy tax obligations from a previously reported grant per Rule 16b-3(d). F2 indicates the per-share value was assigned by the issuer based on the June 10, 2026 closing price.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Remarks: The filing excludes certain shares held in estate-planning trusts and a family LLC in which Dunlap is a beneficiary but does not exercise investment or voting control.

Context

• This is a routine, non-market transaction where the company withheld shares to cover taxes on vested awards (a common cashless-withholding mechanism). Such withholding transactions do not necessarily indicate any change in the insider’s market view.