Lincoln Educational (LINC) legal chief sells 1,993 shares in open-market trade

Rhea-AI Filing Summary

Lincoln Educational Services Corp senior vice president and general counsel Alexandra M. Luster sold 1,993 shares of common stock in an open-market transaction at a weighted average price of $50.11 per share on June 5, 2026. According to the filing, the sale was made in connection with the reporting person’s financial planning needs. After this transaction, Luster directly holds 100,363 shares of Lincoln Educational Services common stock.

Insider Trade Summary

Net Seller: 1,993 shares ($99,869)

Net Sell 1 txn

Insider LUSTER ALEXANDRA M

Role SVP and General Counsel

Sold 1,993 shs ($100K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,993	$50.11	$100K

Holdings After Transaction: Common Stock — 100,363 shares (Direct, null)

Footnotes (1)

1. The Reporting Person's sale of shares was completed in connection with his financial planning needs. The reported price is a weighted average price. The shares were sold on June 5, 2026 in multiple transactions on the open market at prices ranging from $50.00 to $50.68. The reporting person hereby undertakes to provide to the Issuer 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.

Key Figures

Shares sold: 1,993 shares Weighted average sale price: $50.11 per share Post-transaction holdings: 100,363 shares +1 more

4 metrics

Shares sold 1,993 shares Common stock sold on June 5, 2026

Weighted average sale price $50.11 per share Open-market sale on June 5, 2026

Post-transaction holdings 100,363 shares Direct ownership after sale

Sale price range $50.00–$50.68 per share Multiple trades on June 5, 2026

Key Terms

open-market sale, weighted average price, financial planning needs, Form 4

4 terms

open-market sale financial

"shares were sold on June 5, 2026 in multiple transactions on the open market"

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.

weighted average price financial

"The reported price 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.

financial planning needs financial

"sale of shares was completed in connection with his financial planning needs"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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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^*

LUSTER ALEXANDRA M

(Last) (First) (Middle)

C/O LINCOLN EDUCATIONAL SERVICES CORP

14 SYLVAN WAY, STE A

(Street)

PARSIPPANY NEW JERSEY 07054

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LINCOLN EDUCATIONAL SERVICES CORP [ LINC ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP and General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

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	06/05/2026		S		1,993	D(1)	$50.11(2)	100,363	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 Reporting Person's sale of shares was completed in connection with his financial planning needs.

2. The reported price is a weighted average price. The shares were sold on June 5, 2026 in multiple transactions on the open market at prices ranging from $50.00 to $50.68. The reporting person hereby undertakes to provide to the Issuer 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.

	/s/ Alexandra M Luster	06/09/2026
	** 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 LINC executive Alexandra M. Luster report?

Alexandra M. Luster reported selling 1,993 shares of Lincoln Educational Services common stock. The shares were sold in an open-market transaction at a weighted average price of $50.11 per share, and the sale was described as related to the executive’s financial planning needs.

At what price did Alexandra M. Luster sell LINC shares?

The reported weighted average sale price was $50.11 per share. Footnotes explain the shares were sold in multiple trades on June 5, 2026, at prices ranging from $50.00 to $50.68, all executed as open-market transactions on that date.

How many LINC shares does Alexandra M. Luster hold after the sale?

Following the reported sale, Alexandra M. Luster directly owns 100,363 shares of Lincoln Educational Services common stock. This updated holding reflects her position after disposing of 1,993 shares in the June 5, 2026 open-market transaction disclosed in the Form 4 filing.

What reason was given for Alexandra M. Luster’s sale of LINC stock?

The filing states that the sale was completed in connection with the reporting person’s financial planning needs. This language indicates the transaction was motivated by personal financial considerations rather than citing any company-specific event or change in Lincoln Educational Services’ business.

When did the reported LINC insider transaction occur?

The transaction took place on June 5, 2026. On that date, Alexandra M. Luster executed multiple open-market sales that together totaled 1,993 shares, within a price range of $50.00 to $50.68, as described in the detailed footnote to the Form 4.

How many LINC shares did Alexandra M. Luster sell in the Form 4 filing?

She sold 1,993 shares of Lincoln Educational Services common stock. These shares were disposed of in multiple open-market trades on June 5, 2026, with a reported weighted average sale price of $50.11 per share across the transaction range disclosed in the footnotes.