Juniper Investment Company, LLC - 12 Jun 2023 Form 4 Insider Report for LINCOLN EDUCATIONAL SERVICES CORP (LINC)

Role: 10%+ Owner
Signature: Juniper Investment Company, LLC, By: /s/ John A. Bartholdson, its Managing Member
Issuer symbol: LINC
Transactions as of: 12 Jun 2023
Net transactions value: -$1,010,567
Form type: 4
Filing time: 14 Jun 2023, 16:00:23 UTC
Previous filing: 06 Jun 2023
Next filing: 16 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LINC	Common Stock, no par value per share	Sale	$707,454	-108,839	-4.5%	$6.50	2,318,031	12 Jun 2023	Juniper Targeted Opportunities L.P.	F1, F2
transaction	LINC	Common Stock, no par value per share	Sale	$303,113	-46,849	-2%	$6.47	2,271,182	13 Jun 2023	Juniper Targeted Opportunities L.P.	F2, F3
holding	LINC	Common Stock, no par value per share						2,363,311	12 Jun 2023	Juniper Targeted Opportunity Fund, L.P.	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the weighted average per share price with a range from $6.45 and $6.615. The reporting person undertakes to provide details of the trades to the Issuer or the Securities and Exchange Commission ("SEC") upon request.
F2	As the investment manager of Juniper Targeted Opportunities, L.P. ("Juniper Targeted Opportunities"), Juniper Investment Company, LLC ("Juniper Investment Company") may be deemed to beneficially own the securities held by the Juniper Targeted Opportunities. Juniper Investment Company disclaims beneficial ownership of all the interests reported herein except to the extent of its pecuniary interest therein. Mr. Bartholdson and another individual serve as the managing members of Juniper Investment Company and the general partners of Juniper Targeted Opportunities and as a result, Mr. Bartholdson shares voting and dispositive power over such shares with Juniper Investment Company and the other individual. Mr. Bartholdson disclaims beneficial ownership of the holdings of Juniper Targeted Opportunities reflected herein except to the extent of his pecuniary interest therein.
F3	Represents the weighted average per share price with a range from $6.45 and $6.63. The Reporting Person undertakes to provide details of the trades to the Issuer or the SEC ("SEC") upon request.
F4	As the investment manager of Juniper Targeted Opportunity Fund, L.P. ("Juniper Targeted Opportunity Fund"), Juniper Investment Company may be deemed to beneficially own the securities held by the Juniper Targeted Opportunity Fund. Juniper Investment Company disclaims beneficial ownership of all the interests reported herein except to the extent of its pecuniary interest therein. Mr. Bartholdson and another individual serve as the managing members of Juniper Investment Company and the general partners of Juniper Targeted Opportunity Fund and as a result, Mr. Bartholdson shares voting and dispositive power over such shares with Juniper Investment Company and the other individual. Mr. Bartholdson disclaims beneficial ownership of the holdings of Juniper Targeted Opportunity Fund reflected herein except to the extent of his pecuniary interest therein.