Nelnet (NNI) Director Kathleen Farrell Receives 185-Share Award

What Happened
Kathleen Anne Farrell, a director of Nelnet, was granted 185 shares on 2026-09-15 at an effective price of $108.37 per share, a total grant value of about $20,048. This filing reports an award/grant (code A) rather than a purchase or sale — a form of director compensation, not an open-market trade.

Key Details

• Transaction date: 2026-09-15; Filing date: 2026-09-16 (timely).
• Award: 185 shares at $108.37 each; total value ≈ $20,048.
• Transaction type: A (grant/award under Director Stock Compensation Plan).
• Footnote: Shares were granted pursuant to the issuer's Directors Stock Compensation Plan.
• Shares owned after the transaction: Not specified in this Form 4.

Context
Grants to directors are a routine form of compensation and reflect company pay policy rather than direct buy/sell signals. Check the company’s proxy statement or equity plan documents for details on vesting or transfer restrictions if you want to know when the shares become liquid.