Dunlap Amends Nelnet Stake Filing

TL;DR

Dunlap filed 13D/A amendment 17 for NELNET, Inc. - ownership change.

AI Summary

Michael S. Dunlap filed an amendment (No. 17) to Schedule 13D on November 18, 2024, regarding Nelnet, Inc. The filing indicates a change in beneficial ownership of Class A Common Stock. Dunlap's address is listed as c/o Nelnet, Inc., 121 South 13th Street, Suite 100, Lincoln, Nebraska 68508.

Why It Matters

This amendment to a Schedule 13D filing signals a potential shift in significant ownership of Nelnet, Inc., which could influence the stock's trading activity.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in significant shareholder positions, which can lead to increased stock volatility.

Key Players & Entities

• Michael S. Dunlap (person) — Filing party and beneficial owner
• Nelnet, Inc. (company) — Subject company
• 121 South 13th Street, Suite 100, Lincoln, Nebraska 68508 (address) — Mailing address for Michael S. Dunlap

FAQ

Filing Documents

• mikedunlapufsanddunlaphold.htm (SC 13D/A) — 70KB
• 0001258602-24-000060.txt ( ) — 72KB

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

is amended and restated to read as follows

Item 5 is amended and restated to read as follows (a) As of the date hereof, (i) Mr. Dunlap may be deemed to beneficially own, for purposes of Section 13(d) of the Act, a total of 15,298,252 shares of Class A common stock (including a total of 10,155,984 shares of Class A common stock which may be obtained upon conversion of a total of 10,155,984 shares of Class B common stock which Mr. Dunlap may be deemed to beneficially own), which represents approximately 42.8% of the shares of Class A common stock outstanding, on an as-converted basis (ii) UFS is deemed to beneficially own, for purposes of Section 13(d) of the Act, a total of 1,586,691 shares of Class A common stock which may be obtained upon conversion of the total of 1,586,691 shares of Class B common stock owned by UFS, which represents approximately 5.8% of the shares of Class A common stock outstanding, on an as-converted basis and (iii) Dunlap Holdings, LLC is deemed to beneficially own, for purposes of Section 13(d) of the Act, a total of 1,600,000 shares of Class A common stock which may be obtained upon conversion of the total of 1,600,000 shares of Class B common stock owned by Dunlap Holdings, LLC, which represents approximately 5.9% of the shares of Class A common stock outstanding, on an as-converted basis. Such shares owned by UFS and Dunlap Holdings, LLC are also included in the shares which Mr. Dunlap may be deemed to beneficially own as reported herein. (b) Mr. Dunlap has sole voting and dispositive power with respect to 2,444,073 of the 15,298,252 shares of Class A common stock set forth in Item 5(a)(i) above, and may be deemed to have shared voting and dispositive power with respect to 12,854,179 of the 15,298,252 shares of Class A common stock set forth in Item 5(a)(i) above. For further information with respect to the shares as to which Mr. Dunlap has sole voting and dispositive power, see footnote (1) to Rows 7) and 9) on the cover page with respect to Mr. Dunlap above, which is incorpor

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated November 18, 2024 Michael S. Dunlap s Audra Hoffschneider Name Audra Hoffschneider Title Attorney-in-Fact* UNION FINANCIAL SERVICES, INC. By s Audra Hoffschneider Name Audra Hoffschneider Title Attorney-in-Fact** DUNLAP HOLDINGS, LLC By s Audra Hoffschneider Name Audra Hoffschneider Title Attorney-in-Fact*** * Pursuant to the power of attorney granted by Michael S. Dunlap, dated January 24, 2018 and filed on February 12, 2018 as an exhibit to Amendment No. 3 to the Schedule 13D and incorporated herein by reference. ** Pursuant to the power of attorney granted by Union Financial Services, Inc., dated November 16, 2017 and filed on November 16, 2017 as an exhibit to Amendment No. 2 to the Schedule 13D and incorporated herein by reference. *** Pursuant to the power of attorney granted by Dunlap Holdings, LLC, dated September 13, 2019 and filed on September 13, 2019 as an exhibit to Amendment No. 7 to the Schedule 13D and incorporated herein by reference. 11

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View this SC 13D/A filing on SEC EDGAR