Director files to sell 2,000 LINC shares after RSU vesting (NASDAQ: LINC)

Rhea-AI Filing Summary

Lincoln Educational Services Corp filed a Form 144 reporting an intended sale of 2,000 shares of Common Stock. The entry references vesting of restricted stock unit awards on 05/05/2024 and lists a numeric line showing 31,720,728 (context provided in the excerpt). The filing references NASDAQ and the date 06/03/2026.

Insights

Corporate Governance Analyst

Routine resale following RSU vesting; limited immediate materiality.

The excerpt shows an intended sale of 2,000 shares linked to the vesting of restricted stock unit awards on 05/05/2024. The filing type is Form 144, which records planned brokered resales by affiliates or insiders.

Cash‑flow treatment and whether the issuer receives proceeds are not shown in the excerpt; subsequent filings or trade reports would disclose actual dispositions and execution details.

Key Figures

Shares to be sold: 2,000 shares RSU vesting date: 05/05/2024 Numeric line shown: 31,720,728 +2 more

5 metrics

Shares to be sold 2,000 shares Securities To Be Sold line

RSU vesting date 05/05/2024 Vesting of restricted stock unit awards

Numeric line shown 31,720,728 Unlabeled numeric line in excerpt

Filing/reference date 06/03/2026 Date shown near issuer/securities lines

Dollar figure shown 99,399.40 Numeric value appearing in securities information line

Key Terms

restricted stock unit (RSU), Form 144, Securities To Be Sold

3 terms

restricted stock unit (RSU) financial

"Vesting of restricted stock unit awards"

A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.

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.

Securities To Be Sold regulatory

"144: Securities To Be Sold | Common Stock | 05/05/2024"

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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	2000	99399.40	31720728	06/03/2026	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	05/05/2024	Vesting of restricted stock unit awards	LINCOLN EDUCATIONAL SERVICES CORP			2000	05/05/2024	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 LINC's Form 144 report?

It reports an intended sale of 2,000 shares of common stock by an affiliate or insider. The filing ties the sale to the vesting of RSUs on 05/05/2024, with additional numeric lines shown in the excerpt.

Does the Form 144 say who will receive the proceeds?

No. The excerpt does not state who receives proceeds. Form 144s typically record intended brokered resales; the filing excerpt does not specify whether proceeds go to the issuer or selling holder.

When were the restricted stock units mentioned in the filing vested?

The excerpt states the RSU vesting date as 05/05/2024. That date is listed alongside the securities description and the note 'Granted as part of issuer equity compensation plan.'

What quantity of shares or outstanding count appears in the excerpt?

The excerpt identifies 2,000 shares as the securities to be sold and shows the number 31,720,728 on a numeric line. The excerpt does not label that larger number explicitly as outstanding shares.