Scott M Shaw - 01 Mar 2026 Form 4 Insider Report for LINCOLN EDUCATIONAL SERVICES CORP (LINC)

Role: CEO, Director
Signature: /s/ Scott M Shaw
Issuer symbol: LINC
Transactions as of: 01 Mar 2026
Net transactions value: -$2,639,685
Form type: 4
Filing time: 03 Mar 2026, 20:26:42 UTC
Previous filing: 20 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SHAW SCOTT M	CEO, Director	C/O LINCOLN EDUCATIONAL SERVICES CORP, 14 SYLVAN WAY, STE A, PARSIPPANY	/s/ Scott M Shaw	03 Mar 2026	0001330739

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LINC	Common Stock	Award	$0	+9,991	+0.86%	$0.000000	1,177,680	01 Mar 2026	Direct	F1
transaction	LINC	Common Stock	Tax liability	$2,639,685	-72,839	-6.2%	$36.24	1,104,841	01 Mar 2026	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The Reporting Person was issued 9,991 additional shares of common stock pursuant to the Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan. The issuance of these additional shares relates to the vesting of the first tranche of a previously reported performance-based restricted stock award granted on February 19, 2025, and were issued based on performance metrics achieved above target.
F2	Consists of shares withheld by the Issuer with respect to income taxes payable by the Reporting Person upon the vesting and delivery of the performance-based shares and of the time-based shares of restricted stock previously granted by the Issuer on each of February 23, 2023, February 22, 2024, February 19, 2025 and March 1,2026.

Content

The Reporting Person was issued 9,991 additional shares of common stock pursuant to the Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan. The issuance of these additional shares relates to the vesting of the first tranche of a previously reported performance-based restricted stock award granted on February 19, 2025, and were issued based on performance metrics achieved above target.

Consists of shares withheld by the Issuer with respect to income taxes payable by the Reporting Person upon the vesting and delivery of the performance-based shares and of the time-based shares of restricted stock previously granted by the Issuer on each of February 23, 2023, February 22, 2024, February 19, 2025 and March 1,2026.