LPL Financial (NASDAQ: LPLA) officer sells 4,119 shares
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.
Positive
- None.
Negative
- None.
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 shares (Direct);
Common Stock — 23,602 shares (Direct)
Footnotes (3)
- 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.
- 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.
- 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
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.
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.
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.
