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sellModerate cluster of 210b5-1 plan

Thomas Edward Henning sold $1.1M of NNI

director at NELNET INC. 8,196 shares at an average of $128.87, traded Sep 5, 2025, filed Sep 8, 2025.

Warning score
48
Value
$1.1M
8,196 shares
Holdings after
0
-51% from before
From 52-week low
+28%
low $99.76, close $127.50
From 52-week high
-1%
high $128.64, as of Sep 5, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $1.1M at market
    +25
  • Share of holdings sold
    Sold 51% of holdings
    +20
  • Cluster
    2 insiders selling within 14 days
    +8
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

NNIOct 9, 2026 · close 125.26
Since filing Sep 8, 2025: -0.1%SPY +21.6% · excess -21.7%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001008886-25-000259, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Sep 5, 2025SOpen-market sale
Class A Common Stock10b5-1
-5,094$128.87$656k11,058Sep 8, 2025
Sep 5, 2025SOpen-market sale
Class A Common Stockindirect: By Spouse10b5-1
-3,102$128.87$400k0Sep 8, 2025

Related signals

Other insiders at NELNET INC and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
12Weak
NNIsell10b5-1
NELNET INC
Jona M Van Deun
director
$52k
400 shares
-36%
61Notable
NNIsell 2
NELNET INC
Shelby J Butterfield
other
$5.0M
41,929 shares
-99%
20Weak
NNIsell 210b5-1
NELNET INC
Jona M Van Deun
director
$49k
440 shares
-41%
21Weak
NNIsell 210b5-1
NELNET INC
William J Munn
Secy/Chief Legal Off/Gen Coun
$272k
2,500 shares
-21%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Thomas Edward Henning sold $1.1M of NNI | InsiderTell