Lakeland Financial (NASDAQ: LKFN) director adds 10,000 shares

Rhea-AI Filing Summary

Lakeland Financial Corp director M. Scott Welch reported an open-market purchase of 10,000 shares of Common Stock of LKFN. The shares were bought at $57.95 per share and are held indirectly through an LLP. Following this transaction, indirect ownership stands at 49,000 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

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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^*

WELCH M SCOTT

(Last) (First) (Middle)

6 LONGWOOD COURT

(Street)

ELKHART IN 46516

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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	02/27/2026		P		10,000	A	$57.95	49,000	I	By LLP

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:

Remarks:

	/s/ Becka J. Turnbow, Attorney-in-Fact	02/27/2026
	** 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.

FAQ

What insider transaction did LKFN director M. Scott Welch report?

M. Scott Welch reported buying 10,000 shares of Lakeland Financial Corp common stock. The purchase was an open-market transaction at $57.95 per share and the shares are held indirectly through an LLP, increasing his indirect ownership stake in LKFN.

How many LKFN shares does M. Scott Welch own after this Form 4 filing?

After the reported transaction, M. Scott Welch indirectly owns 49,000 shares of Lakeland Financial Corp. These shares are held through an LLP, reflecting his updated beneficial ownership position as disclosed in the Form 4 insider trading report.

Was the LKFN insider transaction a purchase or a sale?

The LKFN insider transaction was a purchase. Director M. Scott Welch bought 10,000 shares of Lakeland Financial Corp common stock in an open-market transaction, as indicated by transaction code P and the description of an open-market purchase.

At what price did the LKFN director buy the 10,000 shares?

The 10,000 Lakeland Financial Corp shares were purchased at $57.95 per share. This price reflects the open-market purchase reported in the Form 4, showing the cost basis for this recent insider acquisition of LKFN common stock by the director.

Are the LKFN shares held directly or indirectly by M. Scott Welch?

The LKFN shares are held indirectly by M. Scott Welch. The Form 4 lists the ownership as indirect, with the nature of ownership specified as “By LLP,” meaning the 49,000 shares are owned through a limited liability partnership associated with him.

What does transaction code P mean in the LKFN Form 4 filing?

Transaction code P in the LKFN Form 4 indicates a purchase transaction. In this case, it reflects an open-market or private purchase of 10,000 Lakeland Financial Corp common shares by director M. Scott Welch, increasing his indirect beneficial holdings.