LPL Financial Holdings officer sells 439.949 shares

LPL Financial Holdings Inc. (LPLA) reported that Principal Accounting Officer Katharine Reeping sold 439.949 shares of common stock on September 11, 2026 at a weighted average price of $347.88 per share, in multiple trades between $347.72 and $347.88.

Rhea-AI Filing Summary

LPL Financial Holdings Inc. (LPLA) reported that Principal Accounting Officer Katharine Reeping sold 439.949 shares of common stock on September 11, 2026 at a weighted average price of $347.88 per share, in multiple trades between $347.72 and $347.88. Following this sale, she holds 473.9567 shares of common stock plus 1,300 restricted stock units scheduled to vest between February 25, 2027 and February 25, 2029; no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Seller: 439.949 shares

Net Sell 1 txn

Insider Reeping Katharine

Role Principal Accounting Officer

Sold 439.949 shs ($153K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	439.949	$347.88	$153K

Holdings After Transaction: Common Stock — 1,773.9567 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $347.72 to 347.88, 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) 473.9567 shares of Common Stock; (ii) 547 restricted stock units that vest in full on February 25, 2027; (iii) 380 restricted stock units that vest ratably on each of February 25, 2027 and February 25, 2028; and (iv) 373 restricted stock units that vest ratably on each of February 25, 2027, February 25, 2028, and February 25, 2029.

Key Figures

Shares sold: 439.949 shares Weighted average sale price: $347.88 per share Sale price range: $347.72–$347.88 per share +5 more

8 metrics

Shares sold 439.949 shares Common stock sale reported for September 11, 2026

Weighted average sale price $347.88 per share Common stock sold on September 11, 2026

Sale price range $347.72–$347.88 per share Range of prices for the multiple sale transactions

Total holdings after transaction 1,773.9567 share-equivalents Common stock plus restricted stock units following the sale

Common stock held after transaction 473.9567 shares Direct common stock position following the sale

RSUs vesting February 25, 2027 (single tranche) 547 restricted stock units Vesting in full on February 25, 2027

RSUs vesting 2027–2028 380 restricted stock units Vesting ratably on February 25, 2027 and February 25, 2028

RSUs vesting 2027–2029 373 restricted stock units Vesting ratably on February 25, 2027, 2028, and 2029

Key Terms

weighted average price, restricted stock units, vest ratably, beneficial ownership

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) 473.9567 shares of Common Stock; (ii) 547 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"

beneficial ownership financial

"full information regarding the number of shares sold at each separate price"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

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

What insider transaction did LPLA disclose for Katharine Reeping?

LPL Financial Holdings Inc. reported that Principal Accounting Officer Katharine Reeping sold 439.949 shares of common stock on September 11, 2026 at a weighted average price of $347.88 per share, with trades executed between $347.72 and $347.88.

How many LPLA shares does Katharine Reeping hold after this Form 4 transaction?

After the reported sale, Katharine Reeping holds a total equivalent of 1,773.9567 shares, consisting of 473.9567 common shares and 1,300 restricted stock units subject to future vesting conditions.

What vesting schedule applies to Katharine Reeping’s LPLA restricted stock units?

Her holdings include 547 RSUs vesting in full on February 25, 2027, 380 RSUs vesting ratably on February 25, 2027 and February 25, 2028, and 373 RSUs vesting ratably on February 25, 2027, 2028, and 2029.

Was Katharine Reeping’s LPLA stock sale under a Rule 10b5-1 trading plan?

No. The filing indicates no Rule 10b5-1 trading plan for this transaction, and there is no footnote stating that the sale occurred under a pre-arranged trading plan.

What price range did LPLA shares trade at in Katharine Reeping’s reported sale?

The filing states that the 439.949 shares were sold in multiple transactions at prices ranging from $347.72 to $347.88 per share, with a weighted average sale price of $347.88 per share.

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

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Available on EDGAR 09/14/2026 - 04:20 PM Accepted by SEC EDGAR 09/14/2026 - 04:19 PM 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^*

Reeping Katharine

(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)
	Principal Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2026

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	09/11/2026		S		439.949	D	$347.88(1)	1,773.9567(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

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 $347.72 to 347.88, 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) 473.9567 shares of Common Stock; (ii) 547 restricted stock units that vest in full on February 25, 2027; (iii) 380 restricted stock units that vest ratably on each of February 25, 2027 and February 25, 2028; and (iv) 373 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 Katharine Reeping pursuant to a Power of Attorney dated February 25, 2025.

	/s/ Robert S. Hatfield III, attorney-in-fact	09/14/2026
	** 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)