LINCOLN NATIONAL LIFE INSURANCE CO /IN/ - 19 Dec 2025 Form 4 Insider Report for Lincoln Partners Group Royalty Fund

Role
10%+ Owner
Signature
Name of Reporting Person: The Lincoln National Life Insurance Company, /s/ Gordon Huellmantel, Gordon Huellmantel, Senior Vice President
Issuer symbol
N/A
Transactions as of
19 Dec 2025
Net transactions value
+$49,999,760
Form type
4
Filing time
27 Feb 2026, 09:59:19 UTC
Previous filing
27 Feb 2026
SEC
View on sec.gov

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
LINCOLN NATIONAL LIFE INSURANCE CO /IN/ 10%+ Owner 1300 SOUTH CLINTON ST., FORT WAYNE Name of Reporting Person: The Lincoln National Life Insurance Company, /s/ Gordon Huellmantel, Gordon Huellmantel, Senior Vice President 27 Feb 2026 0000726865
LINCOLN NATIONAL CORP 10%+ Owner 150 N. RADNOR CHESTER ROAD, RADNOR Name of Reporting Person: Lincoln National Coroporation, /s/ Gordon Huellmantel, Gordon Huellmantel, Senior Vice President 27 Feb 2026 0000059558

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Class I shares of beneficial interest Purchase $24,999,770 +2,300,098 +44% $10.87 7,529,837 19 Dec 2025 Direct F1, F3
transaction Class I shares of beneficial interest Purchase $24,999,990 +2,254,486 +30% $11.09 9,784,322 25 Feb 2026 Direct F2, F3
holding Class A shares of beneficial interest 1,000 19 Dec 2025 Direct F3
holding Class D shares of beneficial interest 1,000 19 Dec 2025 Direct F3
holding Class IS shares of beneficial interest 1,000 19 Dec 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 30, 2025, The Lincoln National Life Insurance Company's ("LNL") subscription to purchase $25,000,000 in aggregate amount of Class I shares of beneficial interests of the Issuer was accepted. On December 19, 2025, the Issuer determined the purchase price per share and fixed the number of Class I shares of beneficial interests acquired in respect of such subscription.
F2 On February 1, 2026, LNL's subscription to purchase $25,000,000 in aggregate amount of Class I shares of beneficial interests of the Issuer was accepted. On February 25, 2026, the Issuer determined the purchase price per share and fixed the number of Class I shares of beneficial interests acquired in respect of such subscription.
F3 These shares are directly owned by LNL, which is a wholly owned subsidiary of its parent holding company, Lincoln National Corporation, an Indiana corporation ("LNC"). LNC is an indirect beneficial owner of the reported securities.