[144] LPL Financial Holdings Inc. SEC Filing

Rhea-AI Filing Summary

LPL Financial Holdings Inc. (LPLA) filed a Form 144 indicating that insider Gregory S. Gates plans to sell 1,500 common shares through Fidelity Brokerage on or after 08/05/2025. At the reference price used in the filing, the transaction is valued at ≈ $561 K. The shares originate from restricted-stock vesting events in June 2021 (432 sh) and December 2021 (1,068 sh).

Gates has already sold 3,000 shares in the past three months for gross proceeds of ≈ $1.14 M. Including the proposed sale, total dispositions during the Rule 144 rolling window will reach 4,500 shares, representing <0.006 % of the 80.0 M shares outstanding. No additional financial or operational data were disclosed.

The filing is routine; the small size relative to float suggests minimal market impact and does not alter the company’s fundamentals or insider-ownership profile.

Insights

Securities Analyst

TL;DR: Small insider sale (0.002 % of float) is routine; unlikely to affect LPLA valuation or liquidity.

The proposed 1,500-share sale adds marginal supply to the market and follows two prior 1,500-share sales. Even after completion, cumulative insider dispositions remain immaterial versus average daily volume and total shares outstanding. No option exercises, pledging, or unusual timing flags appear. I view the filing as neutral for the stock.

Corporate Governance Expert

TL;DR: Transaction aligns with Rule 144 compliance; no governance red flags detected.

Gates’ sales were pre-disclosed, use a reputable broker, and stem from vested compensation, common for executive diversification. Absence of 10b5-1 plan date limits automatic-sale protection but does not imply misconduct. Representation of no undisclosed adverse information meets regulatory expectations. Overall governance impact is neutral.

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	561069.44	80004103	08/05/2025	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	06/05/2021	Restricted Stock Vesting	Issuer			432	06/05/2021	Compensation
Common	12/11/2021	Restricted Stock Vesting	Issuer			1068	12/11/2021	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 S. Gates 4707 Executive Drive San Diego CA 92121	Common	06/05/2025	1500	568299.99
Gregory S. Gates 4707 Executive Drive San Diego CA 92121	Common	07/03/2025	1500	573947.49

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

How many LPLA shares does Gregory S. Gates intend to sell under this Form 144?

The filing covers 1,500 common shares of LPLA.

What is the estimated value of the proposed LPLA share sale?

Based on the filing’s reference price, the sale is valued at approximately $561,069.

When is the planned sale date for the LPLA shares?

The approximate sale date disclosed is 08/05/2025.

How many LPLA shares has the insider sold in the past three months?

Gates previously sold 3,000 shares (1,500 on 06/05/2025 and 1,500 on 07/03/2025).

What percentage of LPLA’s shares outstanding do the planned and recent sales represent?

Combined 4,500 shares equal less than 0.006 % of the 80,004,103 shares outstanding.