| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LPLA | Common Stock | Options Exercise | $6.91K | +175 | +0.12% | $39.48* | 146K | Sep 19, 2023 | Direct | F1 |
| transaction | LPLA | Common Stock | Sale | -$43.8K | -175 | -0.12% | $250.00 | 146K | Sep 19, 2023 | Direct | F2 |
| transaction | LPLA | Common Stock | Options Exercise | $13.9K | +353 | +0.24% | $39.48* | 146K | Sep 20, 2023 | Direct | F1 |
| transaction | LPLA | Common Stock | Sale | -$88.3K | -353 | -0.24% | $250.03 | 146K | Sep 20, 2023 | Direct | F2, F3, F4 |
| 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 | -175 | -0.22% | $0.00 | 78K | Sep 19, 2023 | Common Stock | 175 | $39.48 | Direct | F1, F5 |
| transaction | LPLA | Option to purchase Common Stock | Options Exercise | $0 | -353 | -0.45% | $0.00 | 77.6K | Sep 20, 2023 | Common Stock | 353 | $39.48 | Direct | F1, F5 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The stock option exercises reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 9, 2023. |
| F2 | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 9, 2023. |
| F3 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $250.00 to $250.09, 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 | Consists of (i) 121,485.94 shares of Common Stock; (ii) 4,915 restricted stock units that vest in full on February 25, 2024; (iii) 7,837 restricted stock units that vest ratably on each of February 25, 2024 and February 25, 2025; and (iv) 11,646 restricted stock units that vest ratably on each of February 25, 2024, February 25, 2025 and February 25, 2026. |
| F5 | This option became exercisable in three installments, beginning March 13, 2018, which was the first anniversary of the date on which it was granted. The option became fully vested on March 13, 2020. |
The signatory is signing on behalf of Dan H. Arnold pursuant to a Power of Attorney dated March 15, 2017.