LPL Financial (LPLA) director awarded 712 deferred stock units

Rhea-AI Filing Summary

LPL Financial Holdings Inc. director Somesh Khanna reported an acquisition of 712 shares of common stock in the form of stock units granted under the company’s 2021 Omnibus Equity Incentive Plan. The grant was made at no cash cost and brings his direct holdings to 851 shares.

Each stock unit represents one share of common stock and is scheduled to vest in full on May 20, 2027. According to the footnote, Khanna elected under the Non-Employee Director Deferred Compensation Plan to defer receipt of the equity portion of his annual retainer, making this a routine, compensation-related award rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Khanna Somesh

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	712	$0.00	--

Holdings After Transaction: Common Stock — 851 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock units granted: 712 stock units Price per share: $0.0000 per share Shares held after grant: 851 shares +1 more

4 metrics

Stock units granted 712 stock units Grant under 2021 Omnibus Equity Incentive Plan on May 15, 2026

Price per share $0.0000 per share Reported grant price for stock units

Shares held after grant 851 shares Direct common stock holdings following the transaction

Vesting date May 20, 2027 Scheduled full vesting of 712 stock units

Key Terms

stock units, 2021 Omnibus Equity Incentive Plan, Non-Employee Director Deferred Compensation Plan, Non-Employee Director Compensation Policy

4 terms

stock units financial

"Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan."

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

2021 Omnibus Equity Incentive Plan financial

"Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan."

Non-Employee Director Deferred Compensation Plan financial

"subject to a written deferral election under the Issuer's Non-Employee Director Deferred Compensation Plan"

Non-Employee Director Compensation Policy financial

"equity portion of the annual retainer under the Issuer's Non-Employee Director Compensation Policy."

Form 4 Insider Transactions: What Each Field Means →

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^*

Khanna Somesh

(Last) (First) (Middle)

C/O LPL FINANCIAL HOLDINGS INC.

4707 EXECUTIVE DRIVE

(Street)

SAN DIEGO CALIFORNIA 92121

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/15/2026		A		712(1)	A	$0	851	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan. Each stock unit represents the right to receive one share of common stock and is scheduled to vest in full on May 20, 2027. These stock units are subject to a written deferral election under the Issuer's Non-Employee Director Deferred Compensation Plan pursuant to which the reporting person elected to defer receipt of the equity portion of the annual retainer under the Issuer's Non-Employee Director Compensation Policy.

Remarks:

The signatory is signing on behalf of Somesh Khanna pursuant to a Power of Attorney dated January 9, 2026.

	/s/ Robert S. Hatfield III, attorney-in-fact	05/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did LPL Financial (LPLA) report for Somesh Khanna?

LPL Financial reported that director Somesh Khanna received 712 stock units as a compensation grant. Each unit represents one share of common stock, increasing his direct holdings to 851 shares after the transaction, with no open-market buying or selling involved.

Is the Somesh Khanna Form 4 transaction in LPL Financial (LPLA) a stock purchase?

No, the Form 4 shows a grant of 712 stock units to Somesh Khanna, not an open-market purchase. The units were awarded as part of director compensation, with a reported price per share of $0.0000, indicating a non-cash equity grant.

When do Somesh Khanna’s LPL Financial (LPLA) stock units vest?

The 712 stock units granted to Somesh Khanna are scheduled to vest in full on May 20, 2027. Upon vesting, each unit converts into one share of LPL Financial common stock, subject to the terms of the company’s equity incentive plan.

How many LPL Financial (LPLA) shares does Somesh Khanna hold after this Form 4?

After the reported grant, Somesh Khanna holds 851 shares of LPL Financial common stock directly. This figure reflects his position following the award of 712 stock units reported in the Form 4 insider filing for May 15, 2026.

Under which plan were the 712 LPL Financial (LPLA) stock units granted to Somesh Khanna?

The 712 stock units were granted under LPL Financial’s 2021 Omnibus Equity Incentive Plan. The footnote explains that Khanna elected to defer the equity portion of his annual retainer under the Non-Employee Director Deferred Compensation Plan and Compensation Policy.

Did Somesh Khanna use a deferred compensation election for his LPL Financial (LPLA) equity grant?

Yes, the footnote states that Somesh Khanna elected to defer receipt of the equity portion of his annual retainer. The 712 stock units were granted under the Non-Employee Director Deferred Compensation Plan as part of this written deferral election.