LPL Financial (NASDAQ: LPLA) CFO sells 1,579 shares under 10b5-1 plan

Q: What did LPL Financial (LPLA) CFO Matthew Audette report in this Form 4?

He reported selling 1,579 shares of LPL Financial common stock in multiple open-market transactions. These trades occurred on April 14–15, 2026 at prices between $325.00 and $332.43 per share under a pre-arranged Rule 10b5-1 plan.

Q: Over what dates and price range did the LPLA CFO sell shares?

The sales took place on April 14 and 15, 2026 , with prices ranging from $325.00 to $332.43 per share. Individual trades used weighted average prices within narrower ranges disclosed in the filing’s footnotes.

Q: Were the LPLA CFO’s stock sales made under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted on August 14, 2025. Such plans pre-schedule trades, helping separate routine portfolio management from discretionary, market-timed decisions by insiders.

Q: What restricted stock units does the LPLA CFO hold and when do they vest?

His equity includes 787 RSUs vesting on February 25, 2027, 3,965 RSUs vesting ratably in 2027 and 2028, and 6,624 RSUs vesting ratably in 2027, 2028 and 2029. These RSUs represent additional future share delivery, subject to vesting.

Q: Is this LPLA Form 4 transaction a buy or sell from the insider?

It is a sale . All six reported transactions are coded “S” for open-market sale, totaling 1,579 shares sold. There are no exercise, gift, or tax-withholding entries in this Form 4, making it a straightforward net-sale filing.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

LPL Financial Holdings Inc. President and CFO Matthew J. Audette reported open-market sales of 1,579 shares of common stock over two days. The trades on April 14–15, 2026 occurred at prices between $325.00 and $332.43 per share and were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 14, 2025.

After these transactions, Audette directly holds 19,803 shares of common stock. His equity position also includes 787 restricted stock units vesting on February 25, 2027, 3,965 restricted stock units vesting ratably in 2027 and 2028, and 6,624 restricted stock units vesting ratably in 2027, 2028 and 2029.

Insider Trade Summary 10b5-1

Net Seller: 1,579 shares ($518,901)

Net Sell 6 txns

Insider Audette Matthew J

Role President and CFO

Sold 1,579 shs ($519K)

Type	Security	Shares	Price	Value
Sale	Common Stock	220	$327.45	$72K
Sale	Common Stock	189	$328.34	$62K
Sale	Common Stock	595	$331.09	$197K
Sale	Common Stock	106	$332.27	$35K
Sale	Common Stock	330	$325.00	$107K
Sale	Common Stock	139	$326.16	$45K

Holdings After Transaction: Common Stock — 20,693 shares (Direct)

Footnotes (1)

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 14, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $325.00 to $325.01, 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 (2) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $326.12 to $326.33, 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 (3) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $326.93 to $327.47, 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 (4) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $328.34 to $328.35, 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 (5) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $330.69 to $331.56, 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 (6) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $331.69 to $332.43, 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 (7) to this Form 4. Consists of (i) 8,427 shares of Common Stock; (ii) 787 restricted stock units that vest in full on February 25, 2027; (iii) 3,965 restricted stock units that vest ratably on each of February 25, 2027 and February 25, 2028; and (iv) 6,624 restricted stock units that vest ratably on each of February 25, 2027, February 25, 2028 and February 25, 2029.

Key Figures

Shares sold: 1,579 shares Sale price range: $325.00–$332.43 per share Direct holdings after sale: 19,803 shares +3 more

6 metrics

Shares sold 1,579 shares Total open-market sales on April 14–15, 2026

Sale price range $325.00–$332.43 per share Prices for reported open-market transactions

Direct holdings after sale 19,803 shares Common stock directly owned following transactions

RSUs vesting 2027 787 RSUs Restricted stock units vesting in full on February 25, 2027

RSUs vesting 2027–2028 3,965 RSUs Vest ratably on February 25, 2027 and February 25, 2028

RSUs vesting 2027–2029 6,624 RSUs Vest ratably on February 25, 2027, 2028 and 2029

Key Terms

Rule 10b5-1 trading plan, weighted average price, restricted stock units, open-market sale

4 terms

Rule 10b5-1 trading plan financial

"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan..."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

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) 8,427 shares of Common Stock; (ii) 787 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.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

04/16/2026 - 04:25 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^*

Audette Matthew J

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

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)
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	04/14/2026		S⁽¹⁾		330	D	$325⁽²⁾	21,052	D
Common Stock	04/14/2026		S⁽¹⁾		139	D	$326.16⁽³⁾	20,913	D
Common Stock	04/15/2026		S⁽¹⁾		220	D	$327.45⁽⁴⁾	20,693	D
Common Stock	04/15/2026		S⁽¹⁾		189	D	$328.34⁽⁵⁾	20,504	D
Common Stock	04/15/2026		S⁽¹⁾		595	D	$331.09⁽⁶⁾	19,909	D
Common Stock	04/15/2026		S⁽¹⁾		106	D	$332.27⁽⁷⁾	19,803⁽⁸⁾	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. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 14, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $325.00 to $325.01, 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 (2) to this Form 4.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $326.12 to $326.33, 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 (3) to this Form 4.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $326.93 to $327.47, 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 (4) to this Form 4.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $328.34 to $328.35, 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 (5) to this Form 4.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $330.69 to $331.56, 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 (6) to this Form 4.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $331.69 to $332.43, 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 (7) to this Form 4.

8. Consists of (i) 8,427 shares of Common Stock; (ii) 787 restricted stock units that vest in full on February 25, 2027; (iii) 3,965 restricted stock units that vest ratably on each of February 25, 2027 and February 25, 2028; and (iv) 6,624 restricted stock units that vest ratably on each of February 25, 2027, February 25, 2028 and February 25, 2029.

Remarks:

The signatory is signing on behalf of Matthew J. Audette pursuant to a Power of Attorney dated December 16, 2024.

	/s/ Robert S. Hatfield III, attorney-in-fact	04/16/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did LPL Financial (LPLA) CFO Matthew Audette report in this Form 4?

He reported selling 1,579 shares of LPL Financial common stock in multiple open-market transactions. These trades occurred on April 14–15, 2026 at prices between $325.00 and $332.43 per share under a pre-arranged Rule 10b5-1 plan.

Over what dates and price range did the LPLA CFO sell shares?

The sales took place on April 14 and 15, 2026, with prices ranging from $325.00 to $332.43 per share. Individual trades used weighted average prices within narrower ranges disclosed in the filing’s footnotes.

How many LPLA shares does the CFO hold after these transactions?

Following the reported transactions, Matthew Audette directly holds 19,803 shares of LPL Financial common stock. This figure reflects his remaining direct ownership after the sale of 1,579 shares disclosed in the Form 4 filing.

Were the LPLA CFO’s stock sales made under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted on August 14, 2025. Such plans pre-schedule trades, helping separate routine portfolio management from discretionary, market-timed decisions by insiders.

What restricted stock units does the LPLA CFO hold and when do they vest?

His equity includes 787 RSUs vesting on February 25, 2027, 3,965 RSUs vesting ratably in 2027 and 2028, and 6,624 RSUs vesting ratably in 2027, 2028 and 2029. These RSUs represent additional future share delivery, subject to vesting.

Is this LPLA Form 4 transaction a buy or sell from the insider?

It is a sale. All six reported transactions are coded “S” for open-market sale, totaling 1,579 shares sold. There are no exercise, gift, or tax-withholding entries in this Form 4, making it a straightforward net-sale filing.