James J. Burke Jr - Dec 2, 2021 Form 4 Insider Report for LINCOLN EDUCATIONAL SERVICES CORP (LINC)

Role: Director
Signature: /s/ James J. Burke, Jr.
Stock symbol: LINC
Transactions as of: Dec 2, 2021
Transactions value $: -$108,450
Form type: 4
Date filed: 12/3/2021, 03:31 PM
Previous filing: Nov 22, 2021
Next filing: Jun 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LINC	Common Stock	Sale	-$108K	-15K	-42.86%	$7.23	20K	Dec 2, 2021	By Trust	F1, F2
holding	LINC	Common Stock						145K	Dec 2, 2021	Direct

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

Explanation of Responses:

Id	Content
F1	The reported price is a weighted average price. The shares were sold on December 2, 2021 in multiple transactions on the open market at prices ranging from $7.20 to $7.30. 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.
F2	The sales reported in this Form 4 were effected by the trustee of the trust. The remaining shares are held in the trust for the benefit of the reporting person's family members.

Content

The reported price is a weighted average price. The shares were sold on December 2, 2021 in multiple transactions on the open market at prices ranging from $7.20 to $7.30. 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.

The sales reported in this Form 4 were effected by the trustee of the trust. The remaining shares are held in the trust for the benefit of the reporting person's family members.