Exhibit 1
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange act of 1934, the undersigned agree, as of June 5, 2026, that only one statement containing the information required by Schedule 13D, and each amendment thereto, need to be filed with respect to the ownership by each of the undersigned of shares of NelNet, Inc., and such statement to which this Joint Filing Agreement is attached as Exhibit 1 is filed on behalf of each of the undersigned.
| Dated: | June 5, 2026 | |
| By: | /s/ Adam K. Peterson | |
| Adam K. Peterson | ||
| Magnolia Capital Fund, LP | ||
| By: | The Magnolia Group, LLC, General Partner | |
| By: | /s/ Adam K. Peterson | |
| Adam K. Peterson, Manager | ||
| The Magnolia Group, LLC | ||
| By: | /s/ Adam K. Peterson | |
| Adam K. Peterson, Manager | ||