LPL Financial (NASDAQ: LPLA) insider to sell shares after option exercise

Rhea-AI Filing Summary

LPL Financial Holdings Inc. (LPLA) received a notice under Rule 144 that Gregory S. Gates, through Fidelity Brokerage Services LLC as broker, plans to sell up to 4,119 shares of LPLA common stock, with an aggregate market value of $1,463,810.16. These shares are tied to a stock option exercise from the issuer for cash dated 08/20/2026. LPLA had 78,742,290 shares of common stock outstanding in connection with this notice, which serves as a baseline figure, not the amount being sold.

Key Figures

Shares to be sold: 4,119 shares Aggregate market value: $1,463,810.16 Shares outstanding: 78,742,290 shares +2 more

5 metrics

Shares to be sold 4,119 shares Maximum number of LPLA common shares covered by the Rule 144 notice

Aggregate market value $1,463,810.16 Aggregate market value of the 4,119 LPLA shares proposed to be sold

Shares outstanding 78,742,290 shares LPLA common shares outstanding in connection with this Rule 144 notice

Approximate sale date 08/20/2026 Approximate date of sale for the 4,119 LPLA shares

Option exercise date 08/20/2026 Date of stock option exercise from issuer for cash related to these shares

Key Terms

Rule 144, aggregate market value, stock option exercise, attorney-in-fact

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

aggregate market value financial

"4119 | 1463810.16 | 78742290 | 08/20/2026 | NASDAQ"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

stock option exercise financial

"Common | 08/20/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

attorney-in-fact regulatory

"as attorney-in-fact for Gregory S. Gates"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does the Form 144 filing disclose for LPLA?

The filing discloses that Gregory S. Gates intends to sell up to 4,119 LPLA shares under Rule 144. The sale will be executed through Fidelity Brokerage Services LLC as broker, following a stock option exercise for cash.

How many LPLA shares are proposed to be sold under this Rule 144 notice?

The notice covers a proposed sale of up to 4,119 shares of LPL Financial Holdings Inc. common stock. This figure represents the maximum amount covered by the notice, not necessarily the amount that will ultimately be sold.

What is the aggregate market value of the LPLA shares in this Form 144?

The proposed sale has an aggregate market value of $1,463,810.16. This value corresponds to the 4,119 LPLA shares covered by the notice and is based on market pricing at the time of preparation.

How many LPLA shares were outstanding in relation to this Form 144 filing?

In connection with this notice, LPL Financial Holdings Inc. had 78,742,290 shares of common stock outstanding. This amount is a context baseline and is separate from the 4,119 shares covered by the proposed sale.

What is the acquisition method for the LPLA shares being sold by Gregory S. Gates?

The 4,119 LPLA shares are associated with a stock option exercise from the issuer, with payment in cash. The option exercise date and payment date are both listed as 08/20/2026 in the notice.

Which broker is involved in the planned sale of LPLA shares under Rule 144?

The planned sale will be handled by Fidelity Brokerage Services LLC. The notice lists Fidelity Brokerage Services LLC as the broker for the 4,119 LPLA common shares expected to be sold on the NASDAQ market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/20/2026 - 02:55 PM Accepted by SEC EDGAR 08/20/2026 - 02:54 PM Learn about SEC filing dates

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	0001877100
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	LPL Financial Holdings Inc.
SEC File Number	001-34963
Address of Issuer	4707 EXECUTIVE DRIVE SAN DIEGO CALIFORNIA 92121
Phone	800-877-7210
Name of Person for Whose Account the Securities are To Be Sold	Gates Greg
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	Officer

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	4119	1463810.16	78742290	08/20/2026	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	08/20/2026	Stock Option Exercise	Issuer			4119	08/20/2026	Cash

* 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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	08/20/2026
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	/s/ Adam Gehring, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Gregory S. Gates
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)