Matthew Enyedi - Feb 20, 2024 Form 4 Insider Report for LPL Financial Holdings Inc. (LPLA)

Role
Managing Director
Signature
/s/ Gregory M. Woods, attorney-in-fact
Stock symbol
LPLA
Transactions as of
Feb 20, 2024
Transactions value $
-$291,930
Form type
4
Date filed
2/22/2024, 05:17 PM
Previous filing
Nov 8, 2023
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Options Exercise $62.9K +1.38K +15.99% $45.55 10K Feb 20, 2024 Direct F1
transaction LPLA Common Stock Sale -$355K -1.38K -13.79% $256.94 8.63K Feb 20, 2024 Direct F2, F3

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 -1.38K -100% $0.00* 0 Feb 20, 2024 Common Stock 1.38K $45.55 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

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 November 20, 2023.
F2 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 20, 2023.
F3 Consists of (i) 5,484 shares of Common Stock; (ii) 655 restricted stock units that vest in full on February 25, 2024; (iii) 1,014 restricted stock units that vest ratably on each of February 25, 2024 and February 25, 2025; and (iv) 1,481 restricted stock units that vest ratably on each of February 25, 2024, February 25, 2025 and February 25, 2026.
F4 This option became exercisable in full on the third anniversary of the date on which it was granted.

Remarks:

The signatory is signing on behalf of Matthew Enyedi pursuant to a Power of Attorney dated December 31, 2019.