J. Barry Morrow - Aug 9, 2023 Form 4 Insider Report for LINCOLN EDUCATIONAL SERVICES CORP (LINC)

Role
Director
Signature
/s/ J Barry Morrow
Stock symbol
LINC
Transactions as of
Aug 9, 2023
Transactions value $
-$275,060
Form type
4
Date filed
8/11/2023, 05:55 PM
Previous filing
Jun 15, 2023
Next filing
Aug 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LINC Common Stock Sale -$62.3K -7K -3.86% $8.90 174K Aug 9, 2023 Direct F1, F2
transaction LINC Common Stock Sale -$106K -12K -6.89% $8.86 162K Aug 10, 2023 Direct F1, F3
transaction LINC Common Stock Sale -$106K -12K -7.4% $8.87 150K Aug 11, 2023 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person's sale of shares was completed in connection with his financial planning needs.
F2 The reported price is a weighted average price. The shares were sold on August 9, 2023 in multiple transactions on the open market at prices ranging from $8.74 to $9.00. 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.
F3 The reported price is a weighted average price. The shares were sold on August 10, 2023 in multiple transactions on the open market at prices ranging from $8.68 to $9.00. 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.
F4 The reported price is a weighted average price. The shares were sold on August 11, 2023 in multiple transactions on the open market at prices ranging from $8.78 to $9.00. 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.