0001398344-23-012191.txt : 20230622 0001398344-23-012191.hdr.sgml : 20230622 20230622134609 ACCESSION NUMBER: 0001398344-23-012191 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230620 FILED AS OF DATE: 20230622 DATE AS OF CHANGE: 20230622 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MAGNOLIA CAPITAL FUND, LP CENTRAL INDEX KEY: 0001618333 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31924 FILM NUMBER: 231032711 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 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31924 FILM NUMBER: 231032712 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 STATE OF INCORPORATION: OK FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31924 FILM NUMBER: 231032710 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] IRS NUMBER: 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 fp0083927-1_4.xml X0407 4 2023-06-20 0 0001258602 NELNET INC NNI 0001667769 Peterson Adam K 1601 DODGE STREET, SUITE 3300 OMAHA NE 68102 1 0 0 1 See below 0001618333 MAGNOLIA CAPITAL FUND, LP 1601 DODGE STREET, SUITE 3300 OMAHA NE 68102 0 0 0 1 See remarks 0001618376 MAGNOLIA GROUP, LLC 1601 DODGE STREET SUITE 3300 OMAHA NE 68102 0 0 0 1 See remarks 0 Phantom Stock 2023-06-20 4 A 0 2123 84.79 A Class A Common Stock 2123 1905280 D 1-for-1. The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock promptly after the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum promptly after the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing promptly after the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person. 1,900,000 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 1,900,000 shares of Common Stock of Nelnet Inc held by Magnolia Capital Fund, LP. Mr. Peterson holds directly the 5,280 shares of Phantom Stock for his own account. Includes a total of 10 shares acquired on September 15, 2022, 9 shares acquired on December 15, 2022, 10 shares acquired on March 15, 2023, and 9 shares acquired on June 15, 2023 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan. TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein of shares except the 5,280 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 2023-06-22 /s/ Adam K. Peterson on behalf of the Magnolia Capital Fund, LP by its General Partner, The Magnolia Group, LLC 2023-06-22 /s/ Adam K. Peterson, managing member on behalf of The Magnolia Group, LLC 2023-06-22