Juniper Investment Company, LLC 4
4 · LINCOLN EDUCATIONAL SERVICES CORP · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
LINCOLN EDUCATIONAL (LINC) Affiliate Juniper Investment Sells Shares
What Happened Juniper Investment Company, LLC (an affiliate/investment advisor) reported sales of Lincoln Educational Services Corp. (LINC) stock: 47,836 shares sold on 2026-05-14 at $51.16 ($2,447,266) and 1,985 shares sold on 2026-05-15 at $50.11 ($99,468). Combined, the transactions disposed of 49,821 shares for approximately $2,546,734. These were sales (dispositions) reported by an affiliated institutional investor rather than a direct personal purchase.
Key Details
- Transaction dates & prices: 2026-05-14 — 47,836 shares @ $51.16; 2026-05-15 — 1,985 shares @ $50.11. Filing reports weighted average price range $51.00–$51.64 (F1).
- Total proceeds: ~ $2.55 million.
- Shares held after transaction: filing reports 1,888,490 shares held by Juniper Targeted Opportunity Fund, L.P., for which Juniper Investment is advisor (F2).
- Relationship/authority: John A. Bartholdson (Lincoln’s Chairman) is a managing member of Juniper Investment and shares voting/dispositive power over the Juniper Fund’s shares; he disclaims beneficial ownership except to the extent of any pecuniary interest (F2).
- No 10b5‑1 plan or tax‑withholding notation indicated in the filing.
- Filing date: 2026-05-18; transactions on 2026-05-14 and 05-15 — filing was timely under Form 4 rules.
Context This is institutional/affiliate selling activity rather than an executive personal purchase; such sales can reflect portfolio rebalancing or fund-level decisions and are not by themselves a definitive signal about company fundamentals. The filing includes footnotes offering trade price details on request and clarifies the advisor/manager relationships.
Insider Transaction Report
- Sale
Common Stock, no par value per share
[F1][F2]2026-05-14$51.16/sh−47,836$2,447,266(indirect: Juniper Targeted Opportunity Fund, L.P.) - Sale
Common Stock, no par value per share
[F2]2026-05-15$50.11/sh−1,985$99,468(indirect: Juniper Targeted Opportunity Fund, L.P.)
Footnotes (2)
- [F1]Represents the weighted average per share price with a range from $51.00 and $51.64. The reporting person undertakes to provide details of the trades to the Issuer or the Securities and Exchange Commission upon request.
- [F2]Represents 1,888,490 shares held by Juniper Targeted Opportunity Fund, L.P. (the "Juniper Fund"), of which Juniper Investment Company, LLC ("Juniper Investment") serves as the investment advisor. John A. Bartholdson, the Chairman of the Board of the Issuer, and another individual serve as the managing members of Juniper Investment. As a result, Mr. Bartholdson shares voting and dispositive power over such shares with the Juniper Fund, Juniper Investment and the other individual. Mr. Bartholdson disclaims beneficial ownership of such shares reflected herein except to the extent of his pecuniary interest therein.