Juniper Investment Company, LLC 4

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.