Alyeska discloses 5.14% Lincoln Educational (LINC) ownership in 13G

Rhea-AI Filing Summary

Alyeska Investment Group and affiliates reported a significant ownership position in Lincoln Educational Services Corporation common stock. They disclosed beneficial ownership of 1,626,623 shares, representing 5.14% of the company’s common stock, giving them shared power to vote and dispose of these shares but no sole power.

The stake is reported jointly by Alyeska Investment Group, L.P., Alyeska Fund GP, LLC, and Anand Parekh. The percentage is based on 31,623,795 shares of common stock outstanding as reported in Lincoln Educational’s Form 10-Q filed on November 10, 2025. The holders certify the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

LINCOLN EDUCATIONAL SERVICES CORPORATION

(Name of Issuer)

Common Stock No Par Value

(Title of Class of Securities)

533535100

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 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 1,626,623.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,626,623.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,626,623.00

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)

5.14 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 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 1,626,623.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,626,623.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,626,623.00

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)

5.14 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 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 1,626,623.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,626,623.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,626,623.00

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)

5.14 %

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: 1,626,623
(b)	Percent of class: 5.14%
(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: 1,626,623
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,626,623
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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:	02/17/2026

Alyeska Fund GP, LLC

Signature:	Jason Bragg
Name/Title:	Jason Bragg | Chief Financial Officer
Date:	02/17/2026

Anand Parekh

Signature:	Anand Parekh
Name/Title:	Anand Parekh | Self
Date:	02/17/2026

Exhibit Information

The reporting persons are the beneficial owners of 1,626,623 common shares of the Issuer. The percentage of beneficial ownership is based on 31,623,795 shares of the registrant's common stock outstanding as reported on the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 10, 2025. 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

Who reported ownership in Lincoln Educational Services (LINC)?

Alyeska Investment Group, L.P., Alyeska Fund GP, LLC, and Anand Parekh jointly reported ownership. All three are listed as reporting persons on the Schedule 13G, with the same address at 77 West Wacker Drive, 7th Floor, Chicago, Illinois, and they filed a joint filing statement.

How many Lincoln Educational (LINC) shares does Alyeska beneficially own?

The reporting persons beneficially own 1,626,623 shares of Lincoln Educational common stock. This total reflects shares over which they have shared voting and shared dispositive power, and it is the aggregate amount reported for each of the three joint filers on the Schedule 13G.

What percentage of Lincoln Educational (LINC) does Alyeska’s group hold?

The group reports beneficial ownership of 5.14% of Lincoln Educational’s common stock. This percentage is calculated using 31,623,795 shares outstanding, as disclosed in the company’s Form 10-Q filed on November 10, 2025, and represents a stake just above the 5% disclosure threshold.

Does Alyeska seek to influence control of Lincoln Educational (LINC)?

The reporting persons certify the shares were acquired and are held in the ordinary course of business. They explicitly state the holdings were not acquired and are not held to change or influence control of Lincoln Educational, consistent with a passive Schedule 13G filing status.

What voting and dispositive powers does Alyeska have over LINC shares?

The filers report 0 shares with sole voting or dispositive power and 1,626,623 shares with shared voting and shared dispositive power. This means decisions to vote or sell these shares are shared among the reporting persons rather than controlled individually by any one of them.

On what share count is Alyeska’s 5.14% LINC stake based?

The 5.14% beneficial ownership is based on 31,623,795 Lincoln Educational common shares outstanding. This outstanding share figure comes from the company’s Form 10-Q filed with the SEC on November 10, 2025, and is used to compute the ownership percentage reported.