Lincoln Educational (NASDAQ: LINC) files Form 144 to sell 99,877 shares

Rhea-AI Filing Summary

Lincoln Educational Services Corp. submitted a Form 144 notice for 99,877.12 shares of Common Stock to be sold. The filing references the shares as the vesting of a restricted stock unit award granted under the issuer's equity compensation plan on 02/28/2020.

The filing lists 31,720,728 (numeric) on the same cover line with an accompanying date of 06/05/2026; the sale agent is shown as Merrill Lynch. The document identifies the security as Common Stock listed on NASDAQ.

Insights

Securities Attorney

Routine Section 144 notice for a restriced stock vesting sale; timing and broker specified.

The filing records a proposed sale of 99,877.12 shares tied to the vesting of restricted stock units granted on 02/28/2020. It names Merrill Lynch as the broker and indicates NASDAQ as the listing venue.

These notices are procedural: the sale may proceed under Rule 144's conditions. Subsequent filings (e.g., Form 4) or broker reports will show actual sale execution and cash‑flow treatment.

Key Figures

Shares proposed for sale: 99,877.12 shares Shares figure on cover line: 31,720,728 Vesting/grant date: 02/28/2020

3 metrics

Shares proposed for sale 99,877.12 shares listed on Form 144 cover line

Shares figure on cover line 31,720,728 numeric value appearing on same cover line with date <date>06/05/2026</date>

Vesting/grant date 02/28/2020 date of restricted stock unit award grant tied to the sale

Key Terms

restricted stock unit, Form 144, vesting

3 terms

restricted stock unit financial

"Vesting of restricted stock unit award | 02/28/2020 | Granted as part of issuer equity compensation"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

vesting financial

"Vesting of restricted stock unit award | 02/28/2020"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Merrill Lynch 225 Liberty Street Floor 37 New York NY 10281	1993	99877.12	31720728	06/05/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	02/28/2020	Vesting of restricted stock unit award	LINCOLN EDUCATIONAL SERVICES CORP			1993	02/28/2020	Granted as part of issuer equity compensation plan

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Lincoln Educational's Form 144 (LINC) report?

It reports a proposed sale of 99,877.12 shares of Common Stock tied to the vesting of RSUs on 02/28/2020. The filing names Merrill Lynch as the broker and lists NASDAQ as the exchange.

When were the vested restricted stock units originally granted?

The restricted stock unit award was granted on 02/28/2020. The Form 144 links the proposed sale to the vesting of that award rather than a new grant or issuance.

How many shares are referenced on the filing cover line?

The cover line shows 99,877.12 shares alongside a second numeric line of 31,720,728 with date 06/05/2026. The filing pairs the share count and broker on the same line but does not state proceeds.

Who is the broker handling the proposed sale?

The filing lists Merrill Lynch at 225 Liberty Street, New York, as the broker-dealer associated with the proposed sale in the Form 144 notice.

Does the Form 144 confirm the sale has occurred?

No; Form 144 is a notice of intent to sell under Rule 144. Actual sale execution and cash proceeds would appear in subsequent transaction reports or broker records.