LPL exec sells 4,119 shares after option exercise

LPL Financial Holdings Inc. (LPLA) reported that officer Greg Gates, Group Managing Director, exercised an option for 7,189 shares of Common Stock at an exercise price of $77.53 per share and received the same number of shares on August 20, 2026.

Rhea-AI Filing Summary

LPL Financial Holdings Inc. (LPLA) reported that officer Greg Gates, Group Managing Director, exercised an option for 7,189 shares of Common Stock at an exercise price of $77.53 per share and received the same number of shares on August 20, 2026. On the same date, he sold 4,119 shares of Common Stock at a weighted average price of $355.38 per share, with sale prices ranging from $355.25 to $355.47. Following these transactions, his holdings consist of 15,807 shares of Common Stock and multiple blocks of restricted stock units scheduled to vest between February 25, 2027 and August 31, 2029.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Gates Greg

Role Group Managing Director

Sold 4,119 shs ($1.46M)

Approx. gross sale proceeds $1.46M

Approx. exercise cost $557K

Type	Security	Shares	Price	Value
Exercise	Option to purchase Common Stock F3	7,189	$0.00	$0.00
Exercise	Common Stock	7,189	$77.53	$557K
Sale	Common Stock F1, F2	4,119	$355.38	$1.46M

Holdings After Transaction: Option to purchase Common Stock — 0 contracts (Direct); Common Stock — 23,602 shares (Direct)

Footnotes (3)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $355.25 to $355.47, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
2. F2. Consists of (i) 15,807 shares of Common Stock; (ii) 776 restricted stock units that vest in full on February 25, 2027; (iii) 1,438 restricted stock units that vest ratably on each of February 25, 2027 and February 25, 2028; (iv) 2,774 restricted stock units that vest ratably on each of February 25, 2027, February 25, 2028 and February 25, 2029; and (v) 2,807 restricted stock units that vest ratably on each of February 25, 2028 and August 31, 2029.
3. F3. This option became exercisable in three installments, beginning February 25, 2020, which was the first anniversary of the date on which it was granted. The option became fully vested on February 25, 2022.

Key Figures

Option shares exercised: 7,189 shares Option exercise price: $77.53 per share Shares sold: 4,119 shares +5 more

8 metrics

Option shares exercised 7,189 shares Option to purchase LPL Financial Holdings Inc. Common Stock exercised on August 20, 2026

Option exercise price $77.53 per share Exercise price for 7,189-share option on LPL Financial Holdings Inc. Common Stock

Shares sold 4,119 shares Common Stock sold by Greg Gates on August 20, 2026

Weighted average sale price $355.38 per share Weighted average price for 4,119 LPL Financial Holdings Inc. shares sold

Sale price range $355.25 to $355.47 per share Range of prices for the multiple sale transactions reported in the Form 4

Shares held after transactions 15,807 shares Common Stock held by Greg Gates following the reported transactions

Restricted stock units outstanding 776; 1,438; 2,774; 2,807 units RSU blocks with vesting dates in 2027, 2028 and 2029

Option expiration date February 25, 2029 Expiration of the exercised option originally vesting from 2020 to 2022

Key Terms

weighted average price, restricted stock units, vest ratably, exercise or conversion of derivative security

4 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

restricted stock units financial

"Consists of (i) 15,807 shares of Common Stock; (ii) 776 restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest ratably financial

"restricted stock units that vest ratably on each of February 25, 2027"

exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did LPLA insider Greg Gates report in this Form 4?

Greg Gates exercised an option for 7,189 shares of LPL Financial Holdings Inc. Common Stock at $77.53 per share and on the same day sold 4,119 shares at a weighted average price of $355.38 per share.

How many LPLA shares did Greg Gates sell and at what price?

Greg Gates sold 4,119 shares of LPL Financial Holdings Inc. Common Stock at a weighted average price of $355.38 per share, with individual sale prices ranging from $355.25 to $355.47.

What option did Greg Gates exercise in LPLA stock?

He exercised an option to purchase 7,189 shares of LPL Financial Holdings Inc. Common Stock at an exercise price of $77.53 per share. The option was fully vested by February 25, 2022 and expires on February 25, 2029.

What are Greg Gates’ remaining LPLA share and RSU holdings after these transactions?

Following the reported transactions, Greg Gates holds 15,807 shares of Common Stock and several blocks of restricted stock units totaling 776, 1,438, 2,774, and 2,807 units with vesting dates between February 25, 2027 and August 31, 2029.

Were Greg Gates’ LPLA trades made under a Rule 10b5-1 trading plan?

The filing indicates the Rule 10b5-1 checkbox was not marked as being pursuant to a trading plan, so the reported transactions were not affirmed as executed under a Rule 10b5-1 plan.

Is this Form 4 for LPLA primarily a buy or sell transaction?

The Form 4 reflects an option exercise acquiring 7,189 shares and a sale of 4,119 shares, with a net effect of 4,119 shares sold when considering only buy-versus-sell activity.

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

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Accepted by SEC EDGAR 08/21/2026 - 04:08 PM EDT Learn about SEC filing dates

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^*

Gates Greg

(Last) (First) (Middle)

C/O LPL FINANCIAL

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026

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	08/20/2026		M		7,189	A	$77.53	27,721	D
Common Stock	08/20/2026		S		4,119	D	$355.38(1)	23,602(2)	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
Option to purchase Common Stock	$77.53	08/20/2026		M			7,189	(3)	02/25/2029	Common Stock	7,189	$0	0	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $355.25 to $355.47, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

2. Consists of (i) 15,807 shares of Common Stock; (ii) 776 restricted stock units that vest in full on February 25, 2027; (iii) 1,438 restricted stock units that vest ratably on each of February 25, 2027 and February 25, 2028; (iv) 2,774 restricted stock units that vest ratably on each of February 25, 2027, February 25, 2028 and February 25, 2029; and (v) 2,807 restricted stock units that vest ratably on each of February 25, 2028 and August 31, 2029.

3. This option became exercisable in three installments, beginning February 25, 2020, which was the first anniversary of the date on which it was granted. The option became fully vested on February 25, 2022.

Remarks:

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

	/s/ Robert S. Hatfield III, attorney-in-fact	08/21/2026
	** 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)