[144] Lincoln National Corp. SEC Filing

Rhea-AI Filing Summary

Form 144 filing for Lincoln National Corp. (LNC) reports a proposed sale of 6,362 common shares held at UBS Financial Services with an aggregate market value of $260,020.34, and an approximate sale date of 08/15/2025 on the NYSE. The shares were acquired the same day, 08/15/2025, through an ESOP exercise from Lincoln National Corp., and payment was wired. The filing also discloses a prior sale by Brian Kroll of 10,075 common shares on 05/29/2025 generating gross proceeds of $333,483. The filer certifies no undisclosed material adverse information and includes standard Rule 144 representations.

Insights

Securities Analyst

TL;DR: Routine Rule 144 sale by an insider; amounts are modest relative to large-cap market caps and likely non-material.

The filing shows a proposed sale of 6,362 shares valued at $260k and a prior sale of 10,075 shares for $333k. The acquisition via ESOP exercise on the same date and sale through UBS indicates internal compensation shares being monetized under Rule 144. There is no disclosure of material non-public information and no unusual restrictions noted. For most investors, these transactions represent standard insider liquidity rather than a change in corporate operations or financial condition.

Corporate Governance Expert

TL;DR: Disclosure complies with Rule 144 formalities; representation about lack of undisclosed material information is included.

The form properly identifies the broker, class, share counts, and sale timing. The statement asserting the signer is unaware of undisclosed material adverse information aligns with required certifications. The filing notes an ESOP exercise as the acquisition source and a wire payment, which clarifies the economic provenance of the shares. No governance irregularities or compliance issues are evident from the provided text.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	UBS Financial Services Inc 1000 Harbor Blvd 3rd Floor Weehawken NJ 07086	6362	260020.34	189580412	08/15/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	08/15/2025	ESOP Exercise	Lincoln National Corp			6362	08/15/2025	wire

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Brian Kroll 150 N Radnor Chester Rd 19087 Radnor PA 19087	common	05/29/2025	10075	333483

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for Lincoln National Corp. (LNC) disclose?

The form discloses a proposed sale of 6,362 common shares valued at $260,020.34 with an approximate sale date of 08/15/2025, sold via UBS on the NYSE.

How were the 6,362 LNC shares acquired according to the filing?

The shares were acquired on 08/15/2025 through an ESOP exercise from Lincoln National Corp., and payment was made by wire.

Did the filer report any recent sales of LNC shares in the past three months?

Yes. The filing discloses a sale by Brian Kroll of 10,075 common shares on 05/29/2025 for gross proceeds of $333,483.

Which broker and exchange are named for the proposed sale?

The broker is UBS Financial Services Inc in Weehawken, NJ, and the sale is listed as occurring on the NYSE.

Does the filer represent possession of any undisclosed material information?

The filer certifies by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.