Lincoln International CFO exercises 8,450 units

Lincoln International, Inc. reported that its Chief Financial Officer, Theodore J. Heidloff, exercised a fully vested stock option for 8,450 Common Units of Lincoln International, LP at an exercise price of $6.83 per unit on August 14, 2026.

Rhea-AI Filing Summary

Lincoln International, Inc. reported that its Chief Financial Officer, Theodore J. Heidloff, exercised a fully vested stock option for 8,450 Common Units of Lincoln International, LP at an exercise price of $6.83 per unit on August 14, 2026. This exercise generated a corresponding issuance of 8,450 Class B Common Stock and 8,450 Common Units, which together are redeemable into Class A Common Stock on a 1-to-1 basis, with an equal number of Class B shares forfeited upon redemption. Following these transactions, Heidloff directly holds 315,576 Common Units and 315,576 shares of Class B Common Stock.

Insider Trade Summary

16,900 shares exercised/converted

Exercise 3 txns

Insider Heidloff Theodore J.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Stock Option F3	8,450	$0.00	$0.00
Exercise	Common Units F2, F1	8,450	$6.83	$58K
Grant/Award	Class B Common Stock F1, F2	8,450	--	--

Holdings After Transaction: Stock Option — 0 contracts (Direct); Common Units — 315,576 contracts (Direct); Class B Common Stock — 315,576 shares (Direct)

Footnotes (3)

1. F1. Represents common units of Lincoln International, LP ("Common Units") issued pursuant to the exercise of a Stock Option and a corresponding number of Class B Common Stock.
2. F2. The Common Units may be redeemed by the Reporting Person at any time at the option of the holder for shares of Class A Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class B Common Stock will be forfeited in connection with the redemption. The Common Units have no expiration date.
3. F3. The stock option is fully vested and exercisable.

Key Figures

Option Shares Exercised: 8,450 shares Exercise Price: $6.83 per unit Common Units Acquired: 8,450 units +4 more

7 metrics

Option Shares Exercised 8,450 shares Stock option over Common Units exercised on August 14, 2026

Exercise Price $6.83 per unit Exercise price for the 8,450 Common Units underlying the stock option

Common Units Acquired 8,450 units Common Units of Lincoln International, LP received upon option exercise

Class B Shares Acquired 8,450 shares Class B Common Stock issued corresponding to Common Units

Common Units Held After 315,576 units Direct Common Unit holdings by the CFO following the transactions

Class B Shares Held After 315,576 shares Direct Class B Common Stock holdings by the CFO following the transactions

Option Expiration Date 2026-12-31 Expiration date of the exercised stock option grant

Key Terms

Common Units, Class B Common Stock, redeemed, 1-to-1 basis, +1 more

5 terms

Common Units financial

"Represents common units of Lincoln International, LP ("Common Units") issued"

Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.

Class B Common Stock financial

"and a corresponding number of Class B Common Stock"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

redeemed financial

"The Common Units may be redeemed by the Reporting Person at any time"

1-to-1 basis financial

"for shares of Class A Common Stock on a 1-to-1 basis"

fully vested and exercisable financial

"The stock option is fully vested and exercisable."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transactions did LCLN CFO Theodore J. Heidloff report on August 14, 2026?

Heidloff reported exercising a stock option for 8,450 Common Units at $6.83 per unit, receiving 8,450 Common Units and 8,450 shares of Class B Common Stock. These securities are linked to potential future redemption into Class A Common Stock.

How many Lincoln International (LCLN) units and shares does the CFO hold after this Form 4?

After the reported transactions, the CFO directly holds 315,576 Common Units of Lincoln International, LP and 315,576 shares of Class B Common Stock. These balances reflect the impact of the 8,450-unit option exercise and related equity issuances on August 14, 2026.

What was the exercise price of the stock option reported by LCLN’s CFO?

The stock option exercised by the CFO on August 14, 2026 covered 8,450 Common Units at an exercise price of $6.83 per unit. The option was fully vested and exercisable at the time of the transaction, according to the accompanying footnote disclosure.

How are LCLN Common Units and Class B Common Stock linked to Class A Common Stock?

Each Common Unit may be redeemed for one share of Class A Common Stock, and a corresponding share of Class B Common Stock will be forfeited upon redemption. The filing states this occurs on a 1-to-1 basis and that the Common Units have no expiration date.

Did the LCLN Form 4 involve derivative securities, and what happened to them?

Yes. The CFO exercised a stock option over 8,450 Common Units, reported as the disposition of the derivative and acquisition of the underlying equity. After the exercise, the specific reported stock option position shows 0 remaining shares in that derivative grant.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/17/2026 - 07:14 PM EDT Accepted by SEC EDGAR 08/17/2026 - 07:14 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Heidloff Theodore J.

(Last) (First) (Middle)

110 NORTH WACKER DRIVE, 51ST FLOOR

(Street)

CHICAGO ILLINOIS 60606

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Lincoln International, Inc. [ LCLN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class B Common Stock	08/14/2026		A		8,450(1)(2)	A	(1)	315,576	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$6.83	08/14/2026		M			8,450	(3)	12/31/2026	Common Units	8,450	$0	0	D
Common Units	(2)	08/14/2026		M		8,450(1)		(2)	(2)	Class A Common Stock	8,450	$6.83	315,576	D

Explanation of Responses:

1. Represents common units of Lincoln International, LP ("Common Units") issued pursuant to the exercise of a Stock Option and a corresponding number of Class B Common Stock.

2. The Common Units may be redeemed by the Reporting Person at any time at the option of the holder for shares of Class A Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class B Common Stock will be forfeited in connection with the redemption. The Common Units have no expiration date.

3. The stock option is fully vested and exercisable.

	/s/ Julie Nelson, Attorney-in-Fact	08/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)