Lakeland Financial (LKFN) CEO sells 3,000 shares after new stock awards

Rhea-AI Filing Summary

Lakeland Financial Corporation CEO David M. Findlay reported several stock transactions in company common shares. On February 4, 2026, he sold 3,000 shares at $63.019 per share, leaving 113,918 shares held directly.

On February 2–3, 2026, he acquired a total of 11,440 shares at $0 per share through awards, and 4,000 shares were disposed of at $60.76 per share, typically consistent with tax withholding on vested shares. Separately, 483 shares were added on December 31, 2025 to his 401(k) plan at $61.96, bringing that indirect holding to 15,181 shares.

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

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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^*

FINDLAY DAVID M

(Last) (First) (Middle)

LAKELAND FINANCIAL CORPORATION

P.O. BOX 1387

(Street)

WARSAW IN 46581-1387

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LAKELAND FINANCIAL CORP [ LKFN ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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

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

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

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	02/03/2026		A		6,400	A	$0	115,878	D
Common Stock	12/31/2025		J(1)		483	A	$61.96	15,181	I	401(k) Plan
Common Stock	02/02/2026		A		5,040	A	$0	120,918	D
Common Stock	02/02/2026		F		4,000	D	$60.76	116,918	D
Common Stock	02/04/2026		S		3,000	D	$63.019	113,918	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. Salary redirection and/or dividend reinvestment in 401(k) plan for 2025.

Remarks:

	/s/ Becka J. Turnbow, Attorney-in-Fact	02/04/2026
	** 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).
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FAQ

What insider transactions did Lakeland Financial (LKFN) report for its CEO?

Lakeland Financial’s CEO David M. Findlay reported multiple transactions, including acquiring no-cost common stock awards and selling shares. The filing shows activity on February 2–4, 2026 and December 31, 2025, affecting both direct holdings and a 401(k) plan position.

How many Lakeland Financial shares did the CEO sell in this Form 4 filing?

The CEO sold 3,000 shares of Lakeland Financial common stock on February 4, 2026 at a price of $63.019 per share. This sale reduced his directly held stake to 113,918 shares, according to the post-transaction ownership figure disclosed in the filing.

Did the Lakeland Financial CEO receive any stock awards in this reporting period?

Yes. The CEO acquired 6,400 shares on February 3, 2026 and 5,040 shares on February 2, 2026, both at a price of $0 per share. These entries indicate stock awards or similar equity grants credited to his direct ownership account without cash payment.

What is David M. Findlay’s direct share ownership after these transactions?

After the reported transactions, David M. Findlay directly owns 113,918 shares of Lakeland Financial common stock. This figure is shown in the Form 4 as the amount of securities beneficially owned following the February 4, 2026 open market sale of 3,000 shares.

How many Lakeland Financial shares does the CEO hold through his 401(k) plan?

The CEO holds 15,181 Lakeland Financial shares indirectly through a 401(k) plan. On December 31, 2025, 483 shares were added at $61.96 per share, described as salary redirection and/or dividend reinvestment for 2025, increasing that retirement-plan position.

What does the transaction code F mean in the Lakeland Financial CEO’s Form 4?

The Form 4 shows a transaction coded “F” for 4,000 shares disposed of at $60.76 on February 2, 2026. Code F generally indicates shares withheld or delivered to satisfy tax obligations upon vesting of equity awards, rather than a traditional open market sale.