NELNET INC

Ticker: NNI CUSIP: 64031N108 Class: Common Stock

Madison Avenue Partners, LP's Holding History (CIK: 0001801265)

Note: Option positions (PUT/CALL) are excluded.

Q3 2025

Shares 31,535 Value ($000) $3,954 Avg Close $125.09 Range $117.92 - $136.17

Q2 2025

Shares 144,214 Value ($000) $17,467 Avg Close $111.69 Range $98.15 - $121.82

Q1 2025

Shares 233,830 Value ($000) $25,939 Avg Close $111.95 Range $101.88 - $122.91

Q4 2024

Shares 290,213 Value ($000) $30,998 Avg Close $110.54 Range $103.62 - $127.32

Q3 2024

Shares 290,213 Value ($000) $32,875 Avg Close $109.79 Range $100.35 - $116.13

Q2 2024

Shares 290,213 Value ($000) $29,271 Avg Close $99.45 Range $92.24 - $110.70

Q1 2024

Shares 290,213 Value ($000) $27,469 Avg Close $87.89 Range $82.22 - $94.71

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	31,535	$3,954	$125.09	$117.92 - $136.17
Q2 2025	144,214	$17,467	$111.69	$98.15 - $121.82
Q1 2025	233,830	$25,939	$111.95	$101.88 - $122.91
Q4 2024	290,213	$30,998	$110.54	$103.62 - $127.32
Q3 2024	290,213	$32,875	$109.79	$100.35 - $116.13
Q2 2024	290,213	$29,271	$99.45	$92.24 - $110.70
Q1 2024	290,213	$27,469	$87.89	$82.22 - $94.71