[144] LPL Financial Holdings Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice from LPL Financial Holdings, Inc. (LPLA) reports proposed and recent sales of common stock by an insider. The filer identifies planned sale of 1,500 shares to be executed through Fidelity Brokerage Services LLC on 09/05/2025 with an aggregate market value listed as $534,225.00. The filing also discloses three recent sales by the same person—1,500 shares on 06/05/2025, 1,500 on 07/03/2025, and 1,500 on 08/05/2025—with gross proceeds of $568,299.99, $573,947.49, and $561,069.44 respectively. The securities to be sold were acquired via restricted stock vesting on dates in 2020 and 2021 and were received as compensation.

Positive

• Transparent disclosure of proposed sale details including broker, share count, and aggregate market value
• Recent sale history provided (06/05/2025, 07/03/2025, 08/05/2025) with gross proceeds, aiding investor visibility
• Acquisition method disclosed (restricted stock vesting) and compensation payment nature clarified

Negative

• Insider selling activity (4,500 shares sold in past three months plus proposed 1,500-share sale) indicates ongoing monetization of equity
• No issuer address or CIK details provided in the filing content presented, limiting traceability within this excerpt

Insights

Securities Analyst

TL;DR: Insider has been regularly selling small blocks of vested common stock; the Form 144 documents compliance with Rule 144 for proposed sale.

The filing shows compliance with disclosure requirements for proposed sales under Rule 144 and lists prior monthly sales totaling 4,500 shares in the past three months. The seller acquired the disclosed shares through restricted stock vesting and received them as compensation in 2020–2021. The use of a major brokerage and explicit aggregate market values improves transparency for investors tracking insider activity.

Corporate Governance Expert

TL;DR: Routine insider liquidity event documented; documentation reduces governance ambiguity but signals insider monetization.

The notice is a standard disclosure of proposed insider sales and recent completions, including dates, amounts, and proceeds. While such filings are common for vested awards converted to cash, they represent insider monetization of equity compensation. The representation that the seller does not possess material nonpublic information is included, consistent with regulatory expectations.

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1500	534225.00	80004103	09/05/2025	NASDAQ

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	12/11/2020	Restricted Stock Vesting	Issuer			65	12/11/2020	Compensation
Common	02/25/2021	Restricted Stock Vesting	Issuer			838	02/25/2021	Compensation
Common	06/05/2021	Restricted Stock Vesting	Issuer			597	06/05/2021	Compensation

* 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
Gregory Gates 4707 Executive Drive San Diego CA 92121	Common	06/05/2025	1500	568299.99
Gregory Gates 4707 Executive Drive San Diego CA 92121	Common	07/03/2025	1500	573947.49
Gregory Gates 4707 Executive Drive San Diego CA 92121	Common	08/05/2025	1500	561069.44

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 filed for LPLA disclose?

The Form 144 discloses a proposed sale of 1,500 common shares through Fidelity Brokerage Services LLC on 09/05/2025 with an aggregate market value of $534,225.00 and three recent sales of 1,500 shares each on 06/05/2025, 07/03/2025, and 08/05/2025.

Who is the seller named in the filing for LPLA?

The seller named in the provided content is Gregory Gates with an address listed as 4707 Executive Drive, San Diego, CA 92121.

How were the shares acquired according to the Form 144?

The disclosed shares were acquired through restricted stock vesting on 12/11/2020, 02/25/2021, and 06/05/2021, and were received as compensation.

What gross proceeds were reported for recent sales?

Gross proceeds reported were $568,299.99 (06/05/2025), $573,947.49 (07/03/2025), and $561,069.44 (08/05/2025).

Does the filing state the seller has material nonpublic information?

By signing the notice the seller represents they do not know any material adverse information about the issuer that has not been publicly disclosed, per the form language included.