Alyeska holds 777,833 shares of Lincoln (NASDAQ: LINC)

Rhea-AI Filing Summary

Lincoln Educational Services Corporation ownership update: Alyeska Investment Group, L.P., Alyeska Fund GP, LLC and Anand Parekh report beneficial ownership of 777,833 shares of common stock, representing 2.44% of the class as of March 31, 2026.

The filing states 31,878,966 shares outstanding per the Annual Report to Security Holders dated March 26, 2026. The filing explains that Alyeska Investment Group, L.P. exercises voting and investment control over shares held by Alyeska Master Fund, L.P., and that Anand Parekh disclaims beneficial ownership.

Insights

Institutional Ownership Analyst

Alyeska reports a 2.44% passive holding in Lincoln Educational Services.

The filing shows a beneficial position of 777,833 shares representing 2.44% of common stock as of March 31, 2026. The position is reported via joint filing among Alyeska entities and an individual associated with the manager.

Voting and investment control is attributed to Alyeska Investment Group, L.P. over shares held by Alyeska Master Fund, L.P.; cash‑flow treatment and planned dispositions are not stated in the excerpt.

Corporate Governance Specialist

Filing emphasizes control attribution and a disclaimer of personal ownership by the named individual.

The statement clarifies that Anand Parekh, as CEO of the adviser, "may be deemed" beneficial owner but formally disclaims beneficial ownership. The filing is a joint statement under Rule 13d‑1(k).

For governance review, the key items are the shared voting/dispositive power figures and the explicit attribution of control to the adviser entity.

Key Figures

Beneficial ownership: 777,833 shares Percent of class: 2.44% Shares outstanding: 31,878,966 shares

3 metrics

Beneficial ownership 777,833 shares reported as of <date>March 31, 2026</date>

Percent of class 2.44% ownership percentage calculated versus outstanding shares

Shares outstanding 31,878,966 shares per Annual Report to Security Holders dated <date>March 26, 2026</date>

Key Terms

beneficially own, shared dispositive power, Rule 13d-1(k)

3 terms

beneficially own regulatory

"As of March 31, 2026, the Reporting Persons beneficially own 777,833 shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

shared dispositive power regulatory

"Shared Dispositive Power 777,833.00"

Rule 13d-1(k) regulatory

"JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k)"

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

LINCOLN EDUCATIONAL SERVICES CORPORATION

(Name of Issuer)

Common Stock No Par Value

(Title of Class of Securities)

533535100

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 533535100

1

Names of Reporting Persons

Alyeska Investment Group, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 777,833.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 777,833.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

777,833.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.44 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 533535100

1

Names of Reporting Persons

Alyeska Fund GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 777,833.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 777,833.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

777,833.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.44 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 533535100

1

Names of Reporting Persons

Anand Parekh

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 777,833.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 777,833.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

777,833.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.44 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LINCOLN EDUCATIONAL SERVICES CORPORATION
(b)	Address of issuer's principal executive offices: 14 Sylvan Way, Suite A, Parsippany, NJ 07054
Item 2.
(a)	Name of person filing: (i) Alyeska Investment Group, L.P. (ii) Alyeska Fund GP, LLC (iii) Anand Parekh
(b)	Address or principal business office or, if none, residence: (i) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601 (ii) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601 (iii) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601
(c)	Citizenship: (i) Alyeska Investment Group, L.P. - Delaware (ii) Alyeska Fund GP, LLC - Delaware (iii) Anand Parekh - United States of America
(d)	Title of class of securities: Common Stock No Par Value
(e)	CUSIP No.: 533535100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 777,833
(b)	Percent of class: 2.44%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 777,833
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 777,833
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Alyeska Investment Group, L.P.

Signature:	Jason Bragg
Name/Title:	Jason Bragg | Chief Financial Officer
Date:	05/15/2026

Alyeska Fund GP, LLC

Signature:	Jason Bragg
Name/Title:	Jason Bragg | Chief Financial Officer
Date:	05/15/2026

Anand Parekh

Signature:	Anand Parekh
Name/Title:	Anand Parekh | Self
Date:	05/15/2026

Exhibit Information

As of March 31, 2026, the Reporting Persons beneficially own 777,833 shares of Common Stock. The number of shares of Common Stock outstanding (31,878,966) is based on the Annual Report to Security Holders dated March 26, 2026. Position held by Alyeska Master Fund, L.P. Alyeska Investment Group, L.P., as investment manager, exercises voting and investment control over the shares held by Alyeska Master Fund, L.P. Anand Parekh, as Chief Executive Officer of Alyeska Investment Group, L.P., may be deemed the beneficial owner of such shares. Mr. Parekh disclaims beneficial ownership of such shares. JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on SCHEDULE 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on SCHEDULE 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

FAQ

What stake does Alyeska hold in Lincoln Educational Services (LINC)?

Alyeska reports beneficial ownership of 777,833 shares, equal to 2.44% of the common stock as of March 31, 2026. The position is reported jointly by Alyeska entities and an associated individual.

How many Lincoln shares were outstanding used to calculate the 2.44%?

The filing cites 31,878,966 shares outstanding per the Annual Report to Security Holders dated March 26, 2026, which is the denominator used for the reported 2.44% ownership figure.

Who has voting and investment control over the reported shares?

The filing states Alyeska Investment Group, L.P. exercises voting and investment control over the shares held by Alyeska Master Fund, L.P.; shared voting and dispositive power of 777,833 shares is reported.

Does Anand Parekh personally own the reported shares?

The filing explains Anand Parekh "may be deemed" the beneficial owner due to his role, but it also explicitly states Mr. Parekh disclaims beneficial ownership of the reported shares.