Lincoln Educational investor plans $804K share sale

Lincoln Educational Services Corp filing a Form 144 reports an insider sale.

Rhea-AI Filing Summary

Lincoln Educational Services Corp filing a Form 144 reports an insider sale. The filing shows Alexandra Luster sold 1,993 shares of Common Stock on 06/05/2026 for aggregate proceeds of $99,877.12. The excerpt also lists multiple restricted stock unit vesting events from 2020–2022 totaling several thousand shares.

Insights

Equity Markets Analyst

Routine Form 144 sale by an insider; transaction size is small relative to company equity.

The filing reports a sale of 1,993 shares on 06/05/2026 with proceeds of $99,877.12. This is a specific disposition notice under securities rules and reflects a share sale rather than a corporate action.

Timing and broader holdings are not detailed in the excerpt; subsequent filings or Form 4/5 may show the remaining position. The listed RSU vesting events (2020–2022) document the origin of some shares.

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

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Accepted by SEC EDGAR 06/15/2026 - 05:24 PM EDT Learn about SEC filing dates

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	0001331004
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	LINCOLN EDUCATIONAL SERVICES CORP
SEC File Number	000-51371
Address of Issuer	14 SYLVAN WAY SUITE A PARSIPPANY NEW JERSEY 07054
Phone	973-736-9340
Name of Person for Whose Account the Securities are To Be Sold	LUSTER ALEXANDRA M
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	Officer

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	18007	803790.57	31720728	06/15/2026	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			2170	02/28/2020	Granted as part of issuer equity compensation plan
Common Stock	02/28/2021	Vesting of restricted stock unit award	LINCOLN EDUCATIONAL SERVICES CORP			4163	02/28/2021	Granted as part of issuer equity compensation plan
Common Stock	03/15/2021	Vesting of restricted stock unit award	LINCOLN EDUCATIONAL SERVICES CORP			5068	03/15/2021	Granted as part of issuer equity compensation plan
Common Stock	02/28/2022	Vesting of restricted stock unit award	LINCOLN EDUCATIONAL SERVICES CORP			4163	02/28/2022	Granted as part of issuer equity compensation plan
Common Stock	03/15/2022	Vesting of restricted stock unit award	LINCOLN EDUCATIONAL SERVICES CORP			2443	03/15/2022	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Alexandra Luster 14 SYLVAN WAY SUITE A PARSIPPANY NJ 07054	Common Stock	06/05/2026	1993	99877.12

144: Remarks and Signature

Remarks
Date of Notice	06/15/2026
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	Alexandra Luster
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)