Matthew J. Audette - Oct 31, 2022 Form 4 Insider Report for LPL Financial Holdings Inc. (LPLA)

Signature
/s/ Gregory M. Woods, attorney-in-fact
Stock symbol
LPLA
Transactions as of
Oct 31, 2022
Transactions value $
-$4,744,815
Form type
4
Date filed
11/2/2022, 04:50 PM
Previous filing
Mar 1, 2022
Next filing
Feb 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Options Exercise $397K +20K +157.89% $19.85 32.7K Oct 31, 2022 Direct F1
transaction LPLA Common Stock Sale -$818K -3.21K -9.82% $254.84 29.5K Oct 31, 2022 Direct F2, F3
transaction LPLA Common Stock Sale -$1.17M -4.59K -15.57% $255.64 24.9K Oct 31, 2022 Direct F2, F4
transaction LPLA Common Stock Sale -$1.05M -4.1K -16.49% $256.71 20.8K Oct 31, 2022 Direct F2, F5
transaction LPLA Common Stock Sale -$947K -3.67K -17.66% $258.14 17.1K Oct 31, 2022 Direct F2, F6
transaction LPLA Common Stock Sale -$839K -3.24K -18.92% $259.49 13.9K Oct 31, 2022 Direct F2, F7
transaction LPLA Common Stock Sale -$312K -1.2K -8.65% $260.28 12.7K Oct 31, 2022 Direct F2, F8, F9

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LPLA Option to purchase Common Stock Options Exercise $0 -20K -49.01% $0.00 20.8K Oct 31, 2022 Common Stock 20K $19.85 Direct F1, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 30, 2022.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 30, 2022.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $254.25 to $255.17, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc., 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 (3) to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $255.26 to $256.03, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc., 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 (4) to this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $256.31 to $257.12, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc., 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 (5) to this Form 4.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $257.64 to $258.60, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc., 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 (6) to this Form 4.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $258.99 to $259.90, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc., 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 (7) to this Form 4.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $260.11 to $260.59, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc., 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 (8) to this Form 4.
F9 Consists of (i) 6,203 shares of Common Stock; (ii) 1,567 restricted stock units that vest in full on February 25, 2023; (iii) 2,512 restricted stock units that vest ratably on each of February 25, 2023 and February 25, 2024; and (iv) 2,385 restricted stock units that vest ratably on each of February 25, 2023, February 25, 2024 and February 25, 2025.
F10 This option became exercisable in three installments, beginning February 25, 2017, which was the first anniversary of the date on which it was granted. The option became fully vested on February 25, 2019.

Remarks:

The signatory is signing on behalf of Matthew J. Audette pursuant to a Power of Attorney dated September 30, 2015.