0001398344-26-007329.txt : 20260427 0001398344-26-007329.hdr.sgml : 20260427 20260427165103 ACCESSION NUMBER: 0001398344-26-007329 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20260323 FILED AS OF DATE: 20260427 DATE AS OF CHANGE: 20260427 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MAGNOLIA CAPITAL FUND, LP CENTRAL INDEX KEY: 0001618333 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31924 FILM NUMBER: 26901769 BUSINESS ADDRESS: STREET 1: 1601 DODGE STREET, SUITE 3300 CITY: OMAHA STATE: NE ZIP: 68102 BUSINESS PHONE: 402-509-8456 MAIL ADDRESS: STREET 1: 1601 DODGE STREET, SUITE 3300 CITY: OMAHA STATE: NE ZIP: 68102 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Peterson Adam K CENTRAL INDEX KEY: 0001667769 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31924 FILM NUMBER: 26901770 MAIL ADDRESS: STREET 1: 1601 DODGE STREET, SUITE 3300 CITY: OMAHA STATE: NE ZIP: 68102 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MAGNOLIA GROUP, LLC CENTRAL INDEX KEY: 0001618376 ORGANIZATION NAME: STATE OF INCORPORATION: NE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31924 FILM NUMBER: 26901768 BUSINESS ADDRESS: STREET 1: 1601 DODGE STREET STREET 2: SUITE 3300 CITY: OMAHA STATE: NE ZIP: 68102 BUSINESS PHONE: 918-796-3158 MAIL ADDRESS: STREET 1: 1601 DODGE STREET STREET 2: SUITE 3300 CITY: OMAHA STATE: NE ZIP: 68102 FORMER NAME: FORMER CONFORMED NAME: MAGNOLIA GROUP LLC DATE OF NAME CHANGE: 20140902 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NELNET INC CENTRAL INDEX KEY: 0001258602 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] ORGANIZATION NAME: 02 Finance EIN: 840748903 STATE OF INCORPORATION: NE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 121 SOUTH 13TH ST STREET 2: STE 201 CITY: LINCOLN STATE: NE ZIP: 68508 BUSINESS PHONE: 402-458-2370 MAIL ADDRESS: STREET 1: 121 SOUTH 13TH ST STREET 2: STE 201 CITY: LINCOLN STATE: NE ZIP: 68508 4 1 fp0098678-1_4.xml X0609 4 2026-03-23 1 0001258602 NELNET INC NNI 0001667769 Peterson Adam K false 1601 DODGE STREET, SUITE 3300 OMAHA NE 68102 0 0 0 1 See below 0001618333 MAGNOLIA CAPITAL FUND, LP false 1601 DODGE STREET, SUITE 3300 OMAHA NE 68102 0 0 0 1 See remarks 0001618376 MAGNOLIA GROUP, LLC false 1601 DODGE STREET SUITE 3300 OMAHA NE 68102 0 0 0 1 See remarks 0 Class A Common Stock 1678520 D 1,668,976 of the reported shares are directly owned by Magnolia Capital Fund, LP, of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of 1,668,976 shares of Common Stock of Nelnet Inc held by Magnolia Capital Fund, LP. Mr. Peterson holds directly 9,544 shares of Class A Common Stock for his own account. In reference to Item 3. Date of Earliest Transaction, March 23, 2026 is used as on that date, Adam Peterson notified NelNet, Inc. of his resignation from the Board of Directors effective immediately. As such, this 'Exit' Form 4 is voluntarily filed as confirmation that Adam Peterson is no longer subject to this filing. TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein of shares except the 9,544 shares Mr. Peterson directly owns, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes. /s/ Adam K. Peterson 2026-04-27 /s/ Adam K. Peterson on behalf of the Magnolia Capital Fund, LP by its General Partner, The Magnolia Group, LLC 2026-04-27 /s/ Adam K. Peterson, managing member on behalf of The Magnolia Group, LLC 2026-04-27