LINC director sells 15,807 shares at $48.36

LINCOLN EDUCATIONAL SERVICES CORP director James J. Burke Jr. sold 15,807 shares of Common Stock in an open-market transaction.

Rhea-AI Filing Summary

LINCOLN EDUCATIONAL SERVICES CORP director James J. Burke Jr. sold 15,807 shares of Common Stock in an open-market transaction. The sale took place on May 22, 2026 at a weighted average price of $48.36 per share, with individual trades ranging from $48.31 to $48.42.

After this transaction, Burke directly holds 44,198 shares, so he maintains a substantial ongoing stake in the company. A footnote states the sale was completed in connection with his financial planning needs, framing the move as a personal liquidity decision rather than a change in company outlook.

Insights

Equity compensation and insider-trading analyst

Director sells shares for personal planning while keeping a sizeable stake.

Director James J. Burke Jr. executed an open-market sale of 15,807 shares of LINCOLN EDUCATIONAL SERVICES CORP Common Stock at a weighted average price of $48.36 on May 22, 2026. The trades occurred within a narrow price band of $48.31 to $48.42, suggesting ordinary market liquidity.

A footnote explains the transaction was completed in connection with Burke's financial planning needs. Following the sale, he directly holds 44,198 shares, indicating a continuing equity interest. This pattern is typical of routine portfolio or liquidity management rather than a transformational shift in insider positioning.

Insider Trade Summary

Net Seller: 15,807 shares

Net Sell 1 txn

Insider BURKE JAMES J JR

Role Director

Sold 15,807 shs ($764K)

Type	Security	Shares	Price	Value
Sale	Common Stock	15,807	$48.36	$764K

Holdings After Transaction: Common Stock — 44,198 shares (Direct)

Footnotes (2)

1. F1. The Reporting Person's sale of shares was completed in connection with his financial planning needs
2. F2. The reported price is a weighted average price. The shares were sold on May 22, 2026 in multiple transactions on the open market at prices ranging from $48.31 to $48.42. 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: 15,807 shares Weighted average sale price: $48.36 per share Sale price range: $48.31–$48.42 per share +1 more

4 metrics

Shares sold 15,807 shares Open-market sale on May 22, 2026

Weighted average sale price $48.36 per share Common Stock, May 22, 2026

Sale price range $48.31–$48.42 per share Multiple open-market trades on May 22, 2026

Shares held after transaction 44,198 shares Direct ownership following May 22, 2026 sale

Key Terms

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

3 terms

open-market sale financial

"transaction_action: open-market sale"

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

"sale of shares was completed in connection with his financial planning needs"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did LINC director James J. Burke Jr. report?

Director James J. Burke Jr. reported selling 15,807 shares of Lincoln Educational Services Corp Common Stock in an open-market transaction on May 22, 2026, at a weighted average price of $48.36 per share, according to the Form 4 insider trading disclosure.

At what prices did James J. Burke Jr. sell LINC shares on May 22, 2026?

The reported $48.36 figure is a weighted average price. Shares of Lincoln Educational Services Corp were sold in multiple open-market trades between $48.31 and $48.42 per share, as detailed in a Form 4 footnote describing the transaction’s pricing range.

How many LINC shares does James J. Burke Jr. hold after this Form 4 sale?

After selling 15,807 shares, James J. Burke Jr. directly holds 44,198 shares of Lincoln Educational Services Corp Common Stock. This post-transaction holding shows he continues to maintain a significant equity position in the company following the reported open-market sale.

Why did James J. Burke Jr. sell Lincoln Educational Services Corp shares?

A Form 4 footnote states the sale was completed in connection with James J. Burke Jr.’s financial planning needs. This language frames the disposition as a personal liquidity or planning decision, rather than as commentary on Lincoln Educational Services Corp’s business performance or prospects.

Was the LINC insider sale by James J. Burke Jr. a single trade or multiple trades?

The Form 4 indicates the sale was executed as multiple open-market transactions on May 22, 2026. The reported $48.36 per-share figure is a weighted average, with individual trades occurring at prices ranging from $48.31 to $48.42 per share.

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

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Accepted by SEC EDGAR 05/27/2026 - 08:41 AM EDT Learn about SEC filing dates

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 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

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	05/22/2026		S		15,807	D(1)	$48.36(2)	44,198	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 May 22, 2026 in multiple transactions on the open market at prices ranging from $48.31 to $48.42. 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.	05/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)