Lincoln Educational (LINC) SVP and General Counsel sells 18,007 shares

Rhea-AI Filing Summary

Lincoln Educational Services Corp senior vice president and general counsel Alexandra M. Luster reported an open-market sale of 18,007 shares of common stock at a weighted average price of $44.64 per share. After this transaction, she directly holds 82,356 shares. The sale was completed in connection with the reporting person's financial planning needs, and the shares were sold on June 15, 2026 in multiple trades at prices ranging from $44.31 to $44.80 per share.

Insider Trade Summary

Net Seller: 18,007 shares ($803,832)

Net Sell 1 txn

Insider LUSTER ALEXANDRA M

Role SVP and General Counsel

Sold 18,007 shs ($804K)

Type	Security	Shares	Price	Value
Sale	Common Stock	18,007	$44.64	$804K

Holdings After Transaction: Common Stock — 82,356 shares (Direct, null)

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 June 15, 2026 in multiple transactions on the open market at prices ranging from $44.31 to $44.80. 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.

Key Figures

Shares sold: 18,007 shares Weighted average sale price: $44.64 per share Post-transaction holdings: 82,356 shares +2 more

5 metrics

Shares sold 18,007 shares Open-market sale of common stock

Weighted average sale price $44.64 per share Average price for 18,007 shares sold

Post-transaction holdings 82,356 shares Direct ownership after sale

Sale date June 15, 2026 Date of multiple open-market trades

Trade price range $44.31–$44.80 per share Range of prices for the day’s trades

Key Terms

open-market sale, weighted average price, financial planning needs, Form 4

4 terms

open-market sale financial

"The shares were sold on June 15, 2026 in multiple transactions on the open market at prices ranging from $44.31 to $44.80."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average price financial

"The reported price is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

financial planning needs financial

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

Form 4 regulatory

"The reporting person hereby undertakes to provide to the Issuer or the Staff of the Securities and Exchange Commission, upon request, full information..."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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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^*

LUSTER ALEXANDRA M

(Last) (First) (Middle)

C/O LINCOLN EDUCATIONAL SERVICES CORP

14 SYLVAN WAY, STE A

(Street)

PARSIPPANY NEW JERSEY 07054

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP and General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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

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

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

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	06/15/2026		S		18,007	D(1)	$44.64(2)	82,356	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 June 15, 2026 in multiple transactions on the open market at prices ranging from $44.31 to $44.80. 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/ Alexandra M. Luster	06/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did LINC executive Alexandra Luster report?

Alexandra M. Luster reported selling 18,007 shares of Lincoln Educational Services common stock. The transaction was an open-market sale, and she remains a substantial shareholder with 82,356 shares directly owned after the sale was completed.

At what price did Alexandra Luster sell LINC shares on June 15, 2026?

The weighted average sale price was $44.64 per share for Alexandra Luster’s 18,007 LINC shares. Individual trades on June 15, 2026 occurred in the open market between $44.31 and $44.80 per share according to the Form 4 footnote.

How many LINC shares does Alexandra Luster own after the reported sale?

After the reported open-market sale, Alexandra M. Luster directly owns 82,356 shares of Lincoln Educational Services common stock. This figure reflects her position immediately following the 18,007-share disposition disclosed in the Form 4 filing.

Why did Alexandra Luster sell Lincoln Educational Services (LINC) shares?

The Form 4 states the sale was completed in connection with the reporting person’s financial planning needs. This language indicates a personal financial decision rather than a company-related event, based on the disclosure included in the filing’s footnotes.

Was Alexandra Luster’s LINC stock sale a single trade or multiple trades?

The sale was executed through multiple open-market trades on June 15, 2026. The Form 4 notes a weighted average price of $44.64 per share and a trading range between $44.31 and $44.80 for the 18,007 shares sold.