LINC director receives 2,495-share restricted stock grant

CABRAL ANNA ESCOBEDO reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

CABRAL ANNA ESCOBEDO reported acquisition or exercise transactions in this Form 4 filing.

LINCOLN EDUCATIONAL SERVICES CORP director Anna Escobedo Cabral received a grant of 2,495 shares of Common Stock as restricted stock. The grant was valued at $110,000 on the grant date, implying a reference price of $44.10 per share. These restricted shares vest on the first anniversary of the grant date. Following this award, she directly holds 10,059 shares of the company’s common stock. This is a compensation-related equity grant rather than an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 2,495 shares

Grant/Award 1 txn

Insider CABRAL ANNA ESCOBEDO

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,495	$44.10	$110K

Holdings After Transaction: Common Stock — 10,059 shares (Direct)

Footnotes (1)

1. F1. Grant of Restricted Stock valued at $110,000 on the date of grant. These restricted shares vest on the first anniversary of the grant date.

Key Figures

Restricted stock granted: 2,495 shares Grant value: $110,000 Implied grant price: $44.10 per share +2 more

5 metrics

Restricted stock granted 2,495 shares Director equity award on grant date

Grant value $110,000 Value of restricted stock on grant date

Implied grant price $44.10 per share Reference price from grant disclosure

Shares after transaction 10,059 shares Total direct holdings following grant

Vesting schedule 1 year Restricted shares vest on first anniversary

Key Terms

Restricted Stock, vesting, Form 4

3 terms

Restricted Stock financial

"Grant of Restricted Stock valued at $110,000 on the date of grant."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vesting financial

"These restricted shares vest on the first anniversary of the grant date."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

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.

FAQ

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

What did LINC director Anna Escobedo Cabral report in this Form 4?

She reported receiving 2,495 shares of Lincoln Educational Services common stock as a restricted stock grant. The award is part of her director compensation and was not an open-market trade, so it mainly reflects equity-based pay rather than a discretionary stock purchase.

What is the value of Anna Escobedo Cabral’s new restricted stock award at LINC?

The restricted stock grant was valued at $110,000 on the grant date. This valuation, combined with 2,495 granted shares, implies a reference price of $44.10 per share, providing a clear sense of the scale of this director compensation award.

When do the newly granted LINC restricted shares vest for Anna Escobedo Cabral?

The 2,495 restricted shares vest on the first anniversary of the grant date. Until vesting, the shares are subject to forfeiture conditions, so Cabral’s ability to fully realize the value depends on meeting the service-based vesting requirement over that one-year period.

How many LINC shares does Anna Escobedo Cabral hold after this restricted stock grant?

After the grant, she directly holds 10,059 shares of Lincoln Educational Services common stock. This figure includes the newly awarded restricted shares, giving investors a snapshot of her total direct equity exposure as of the transaction date reported in the filing.

Was this LINC Form 4 transaction an open-market buy or sell of stock?

No, this Form 4 reports a compensation-related grant classified as a restricted stock award. The transaction code is “A” for grant or award, and the filing specifies it as a grant of restricted stock rather than an open-market purchase or sale of existing common shares.

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

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Accepted by SEC EDGAR 05/08/2026 - 06:05 PM 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^*

CABRAL ANNA ESCOBEDO

(Last) (First) (Middle)

C/O LINCOLN EDUCATIONAL SERVICES CORPO

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)
05/07/2026

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	05/07/2026		A		2,495	A	$44.1(1)	10,059	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. Grant of Restricted Stock valued at $110,000 on the date of grant. These restricted shares vest on the first anniversary of the grant date.

	/s/ Anna Escobedo Cabral	05/08/2026
	** 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)