Lincoln Educational (LINC) director sells 8,557 shares in open market

Rhea-AI Filing Summary

Lincoln Educational Services director James J. Burke Jr. reported open-market sales of company common stock across two days. On February 25, 2026, he sold 5,343 shares at a weighted average price of $34.69 per share, leaving him with 76,917 shares directly owned afterward. On February 26, 2026, he sold an additional 3,214 shares at a weighted average price of $34.87 per share, reducing his direct holdings to 73,703 shares. The filing notes that these sales were completed in connection with his financial planning needs and that both sales occurred through multiple trades within disclosed intraday price ranges.

Insider Trade Summary

Net Seller: 8,557 shares ($297,421)

Net Sell 2 txns

Insider BURKE JAMES J JR

Role Director

Sold 8,557 shs ($297K)

Type	Security	Shares	Price	Value
Sale	Common Stocj	3,214	$34.87	$112K
Sale	Common Stock	5,343	$34.69	$185K

Holdings After Transaction: Common Stocj — 73,703 shares (Direct); Common Stock — 76,917 shares (Direct)

Footnotes (1)

1. The Reporting Person's sale of shares was completed in connection with his financial planning needs The reported price is a weighted average price. The shares were sold on February 25, 2026 in multiple transactions on the open market at prices ranging from $34.65 to $34.81. The reporting person hereby undertakes to provide to the Issuer or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price is a weighted average price. The shares were sold on February 26, 2026 in multiple transactions on the open market at prices ranging from $34.85 to $34.93. The reporting person hereby undertakes to provide to the Issuer or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Form 4 Insider Transactions: What Each Field Means →

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^*

BURKE JAMES J JR

(Last) (First) (Middle)

C/O LINCOLN EDUCATIONAL SERVICES CORPORA

14 SYLVAN WAY, STE. A

(Street)

PARSIPPANY NJ 07054

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LINCOLN EDUCATIONAL SERVICES CORP [ LINC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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

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

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

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
Common Stock	02/25/2026		S		5,343	D(1)	$34.69(2)	76,917	D
Common Stocj	02/26/2026		S		3,214	D(1)	$34.87(3)	73,703	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

Explanation of Responses:

1. The Reporting Person's sale of shares was completed in connection with his financial planning needs

2. The reported price is a weighted average price. The shares were sold on February 25, 2026 in multiple transactions on the open market at prices ranging from $34.65 to $34.81. The reporting person hereby undertakes to provide to the Issuer or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. The reported price is a weighted average price. The shares were sold on February 26, 2026 in multiple transactions on the open market at prices ranging from $34.85 to $34.93. The reporting person hereby undertakes to provide to the Issuer or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

	/s/ James J Burke, Jr	02/26/2026
	** 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.

FAQ

What insider transactions did LINC report on this Form 4?

The Form 4 reports that director James J. Burke Jr. sold a total of 8,557 shares of Lincoln Educational Services common stock in open-market transactions on February 25 and 26, 2026, at weighted average prices of $34.69 and $34.87 per share, respectively.

How many LINC shares did James J. Burke Jr. sell on each date?

James J. Burke Jr. sold 5,343 shares of Lincoln Educational Services common stock on February 25, 2026, and 3,214 shares on February 26, 2026, for a combined total of 8,557 shares across two consecutive trading days.

What prices did the LINC insider receive for the shares sold?

The shares were sold at weighted average prices. On February 25, 2026, the average price was $34.69 within a range of $34.65 to $34.81. On February 26, 2026, the average price was $34.87 within a range of $34.85 to $34.93.

How many LINC shares does James J. Burke Jr. own after these sales?

After completing the reported open-market sales, James J. Burke Jr. directly owns 73,703 shares of Lincoln Educational Services common stock, down from 76,917 shares after the February 25, 2026 transactions disclosed in the same Form 4.

Why did the LINC director sell shares according to the Form 4?

The Form 4 footnote states that the sales by director James J. Burke Jr. were completed in connection with his financial planning needs, indicating a personal portfolio decision rather than a disclosed change in his role at Lincoln Educational Services.

Were the LINC insider sales executed in single trades or multiple trades?

Both days’ insider sales were executed through multiple open-market transactions. The filing explains that the reported prices are weighted averages and offers to provide detailed trade-by-trade pricing information to the company or SEC staff upon request.