Lawson Lawrence James III reported acquisition or exercise transactions in this Form 4 filing.
Lincoln International, Inc. director and 10% owner Lawson Lawrence James III received a grant of 153,711 shares of Class A Common Stock on August 12, 2026. The shares were issued pursuant to an obligation under Lincoln International, LP's Third Amended and Restated Limited Partnership Agreement, bringing his direct holdings to 486,511 shares.
Lincoln International, Inc. reported an unregistered equity issuance connected to its recent initial public offering of Class A common stock. Under partnership agreements for Lincoln International, LP, the company was required to deliver stock to certain current and former partners whose partnership units had been repurchased in connection with death, retirement, permanent disability, or specified termination events before the IPO.
On August 12, 2026, the company issued 1,433,927 shares of Class A common stock (the “Liquidity Event Shares”) to these Liquidity Event Partners, satisfying its obligation to make the “Liquidity Event Issuance.” The shares were issued in a private transaction relying on the Section 4(a)(2) exemption from Securities Act registration on the basis that the transaction did not involve a public offering.
Lincoln International, Inc. reported sharply higher revenue but a swing to loss for the three and six months ended June 30, 2026, in its first 10-Q as a public company following its May 21 IPO. Revenues rose to $225.7 million in the quarter and $383.5 million year-to-date, up 51% and 36% from 2025, driven by increased M&A activity, demand for private market valuations, and the MarshBerry acquisition.
Total operating expenses more than doubled, with compensation and benefits of $241.9 million and non‑compensation expenses of $151.5 million for the first half, including a $28.7 million non‑recurring charge for Liquidity Event Shares and higher IPO‑related costs. The company posted a consolidated net loss of $22.9 million for Q2 and $21.0 million year‑to‑date, though net income attributable to Lincoln International, Inc. was $455 thousand, or $0.01 per basic and diluted Class A share. Cash and cash equivalents declined to $250.6 million as IPO proceeds funded partner redemptions and partial repayment of term debt, leaving $101.9 million of long‑term debt and an $84.8 million Tax Receivable Agreement liability on the balance sheet.
FMR LLC reported beneficial ownership of 3,470,108 shares of Lincoln International Inc. Class A common stock as of June 30, 2026. This represents 10.0% of the Class A common stock. FMR LLC holds sole dispositive power over all 3,470,108 shares and sole voting power over 3,452,008 shares, with no shared voting or dispositive power reported.
Abigail P. Johnson is reported as having sole dispositive power over the same 3,470,108 shares, but no sole or shared voting power. One or more other persons have rights to receive dividends or sale proceeds from these shares, but no such person holds more than 5% of the total outstanding Class A common stock.
Lincoln International, Inc. reported record second-quarter 2026 revenues of $225.7 million, up 51% year-over-year, and first-half revenues of $383.5 million, up 36%. Growth was broad-based, with Investment Banking Advisory revenue rising 56% to $177.7 million and Valuations and Opinions revenue rising 35% to $47.9 million, helped by higher M&A activity, stronger demand for private market valuations and the MarshBerry acquisition.
GAAP net income attributable to Lincoln International was $0.5 million, or $0.01 diluted EPS, while adjusted net income was $28.7 million, or adjusted diluted EPS of $0.26, as IPO- and acquisition-related costs weighed on GAAP results. Adjusted operating income increased 73% and the adjusted operating margin improved to 20.3%. As of June 30, 2026, the company held cash and cash equivalents of $250.6 million and long-term debt of $101.9 million, for net cash of $148.7 million, after using IPO proceeds to repay approximately $195.8 million of debt incurred primarily for the MarshBerry acquisition. The board declared a quarterly dividend of $0.07 per share of Class A common stock, payable September 15, 2026.
Lincoln International, Inc. director and 10% owner Lawson Lawrence III reported equity restructurings around the company’s initial public offering. On May 19, 2026, he was granted 21,117,200 shares of Class C Common Stock, 21,117,200 Common Units, and 332,800 shares of Class A Common Stock in a reorganization.
On May 21, 2026, he disposed of 5,332,996 Class C shares and 5,332,996 Common Units back to the issuer. Footnotes explain the Class A, Class C, and Common Units structure, including 1‑for‑1 Common Unit redemptions into Class A with corresponding Class C forfeitures.
Lincoln International, Inc. reported that CEO Robert Todd Brown acquired equity awards rather than trading shares in the market. In a reorganization tied to the company’s initial public offering, he received Class A Common Stock, Common Units and a corresponding number of Class C Common Stock.
On May 21, 2026, Brown was granted 350,000 restricted stock units, each representing one share of Class A Common Stock, vesting in two substantially equal installments on the third and fourth anniversaries of that date. Following this grant, he directly holds 1,007,800 shares of Class A Common Stock.
On May 19, 2026, he also received 7,792,200 Common Units that can be redeemed 1-to-1 for Class A Common Stock, with an equal number of Class C shares forfeited upon redemption, plus 657,800 Class A and 7,792,200 Class C shares. Additional stock option awards cover 16,250 Common Units each at an exercise price of $9.09, with expirations between 2027 and 2030, and 325,000 Common Units at $7.38 expiring in 2027.
Lincoln International, Inc. Chief Financial Officer Theodore J. Heidloff reported a series of internal equity and option movements tied to a reorganization and compensation awards. On May 19, 2026, he acquired 341,250 Class B Common Stock and the same number of Common Units in Lincoln International, LP as part of a company reorganization.
He also received multiple stock option grants over Common Units, including awards of 7,800 and 8,450 units at exercise prices of $9.09 and $6.83 per unit, with vesting dates ranging from January 1, 2027 to January 1, 2030. On May 21, 2026, he was granted 25,000 restricted stock units, each representing one share of Class A Common Stock, vesting in two equal annual installments on the third and fourth anniversaries of May 21, 2026. That same day, 34,124 Class B shares and an equal number of Common Units were cancelled or disposed to the issuer in connection with a sale of Common Units, leaving him with 307,126 Class B shares.
Lincoln International, Inc. General Counsel Kristin Marie Marvin reported equity awards and a restructuring-related share acquisition. She acquired 79,950 shares of Class A Common Stock in a company reorganization and now holds 104,950 shares directly. She also received 25,000 restricted stock units that vest in two equal installments on the third and fourth anniversaries of May 21, 2026.
In addition, she was granted several stock options to buy Class A Common Stock at a strike price of $9.09 per share, each vesting fully on January 1 of 2027, 2028, 2029, and 2030. These are compensation-related grants, not open‑market purchases or sales.
Lincoln International, Inc. Chief Operating Officer Mary Rose Weber reported a mix of equity awards and internal adjustments. On May 21, 2026 she disposed of 17,874 shares of Class B Common Stock and 17,874 Common Units back to the issuer and received 50,000 restricted stock units for Class A Common Stock, which vest in two equal installments on the third and fourth anniversaries of May 21, 2026. On May 19, 2026 she was granted 357,500 shares of Class B Common Stock, a corresponding 357,500 Common Units, and several stock option awards over Common Units at exercise prices of $6.83, $7.38 and $9.09 per unit with expirations between 2026 and 2030. After these transactions, she directly holds 339,626 shares of Class B Common Stock and 50,000 shares of Class A Common Stock. All reported transactions are grants, cancellations, or redemptions with the issuer, not open-market trades.