Was the 715-share disposition by LPLA executive Aneri Jambusaria an open-market sale?

The 715-share disposition was not an open-market sale. It is coded as a tax-withholding transaction, meaning shares of LPL Financial Common Stock were delivered to cover exercise price or tax liabilities arising from equity awards, rather than sold for investment purposes.

LPL Financial (LPLA) exec logs stock grants and tax withholding move

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

LPL Financial Holdings Inc. Group Managing Director Aneri Jambusaria reported equity compensation changes involving Common Stock. On February 25, 2026, she acquired 942 shares at $0.0000 per share and 1,302 shares at $0.0000 per share through stock awards. Footnotes explain that 942 shares were earned from performance stock units granted on February 25, 2023, which vested at 81% of the target award based on a three-year total stockholder return period ending February 14, 2026. The 1,302-share award represents restricted stock units that will vest ratably on February 25 of 2027, 2028 and 2029. She also disposed of 715 shares at $318.4700 per share in a tax-withholding transaction to cover exercise price or tax obligations, rather than an open-market sale.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Jambusaria Aneri

Role Group Managing Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	942	$0.00	--
Tax Withholding	Common Stock	715	$318.47	$228K
Grant/Award	Common Stock	1,302	$0.00	--

Holdings After Transaction: Common Stock — 6,444 shares (Direct)

Footnotes (1)

Represents shares of Common Stock received upon vesting of performance stock units ("PSUs") that were granted on February 25, 2023. The granted PSUs were eligible to become earned PSUs based on the Issuer's total stockholder return ("TSR") relative to the TSR of a predetermined comparator group over a three-year performance period ending February 14, 2026. Based on the Issuer's TSR relative to this peer group, PSUs were earned at 81% of the reporting person's target award. These shares represent restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Common Stock on the applicable vesting date. These restricted stock units will vest ratably on each of February 25, 2027, February 25, 2028 and February 25, 2029. Vested shares will be issued to the reporting person as soon as practicable after the vesting date. Consists of (i) 4,611 shares of Common Stock; (ii) 380 restricted stock units that vest in full on February 25, 2027; (iii) 738 restricted stock units that vest ratably on each of February 25, 2027 and February 25, 2028; and (iv) the restricted stock units reported on this Form 4.

Form 4 Insider Transactions: What Each Field Means →

02/27/2026 - 05:12 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Jambusaria Aneri

(Last)

(First)

(Middle)

C/O LPL FINANCIAL HOLDINGS INC.

4707 EXECUTIVE DRIVE

(Street)

SAN DIEGO

92121

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
LPL Financial Holdings Inc. [ LPLA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/25/2026		A		942⁽¹⁾	A	$0	6,444	D
Common Stock	02/25/2026		F		715	D	$318.47	5,729	D
Common Stock	02/25/2026		A		1,302⁽²⁾	A	$0	7,031⁽³⁾	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares of Common Stock received upon vesting of performance stock units ("PSUs") that were granted on February 25, 2023. The granted PSUs were eligible to become earned PSUs based on the Issuer's total stockholder return ("TSR") relative to the TSR of a predetermined comparator group over a three-year performance period ending February 14, 2026. Based on the Issuer's TSR relative to this peer group, PSUs were earned at 81% of the reporting person's target award.

2. These shares represent restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Common Stock on the applicable vesting date. These restricted stock units will vest ratably on each of February 25, 2027, February 25, 2028 and February 25, 2029. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.

3. Consists of (i) 4,611 shares of Common Stock; (ii) 380 restricted stock units that vest in full on February 25, 2027; (iii) 738 restricted stock units that vest ratably on each of February 25, 2027 and February 25, 2028; and (iv) the restricted stock units reported on this Form 4.

Remarks:

The signatory is signing on behalf of Aneri Jambusaria pursuant to a Power of Attorney dated December 17, 2024.

	/s/ Robert S. Hatfield III, 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did LPLA executive Aneri Jambusaria report on February 25, 2026?

Aneri Jambusaria reported equity awards and a tax-related share disposition. She acquired 942 performance-based shares and 1,302 restricted stock units, and disposed of 715 shares to satisfy exercise price or tax liabilities, all involving LPL Financial Holdings Inc. Common Stock.

How were the 942 performance stock unit shares for LPLA’s Aneri Jambusaria determined?

The 942 shares came from performance stock units granted on February 25, 2023. They were earned at 81% of her target award, based on LPL Financial’s total stockholder return versus a peer group over a three-year period ending February 14, 2026.

What are the vesting terms of the 1,302 restricted stock units reported by LPLA’s Aneri Jambusaria?

The 1,302 restricted stock units vest in three equal annual installments. They will vest ratably on February 25, 2027, February 25, 2028, and February 25, 2029, with one share of LPL Financial Common Stock deliverable for each vested unit after the vesting date.

What types of equity awards in LPL Financial stock does Aneri Jambusaria now hold?

Her holdings include Common Stock and several restricted stock unit grants. Footnotes describe existing shares, units vesting in full on February 25, 2027, units vesting ratably in 2027 and 2028, plus the newly reported restricted stock units that vest annually from 2027 through 2029.