Lincoln Financial Investments Corp 4
4 · Lincoln Bain Capital Total Credit Fund · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Lincoln Bain Capital (LNBIX) 10% Owner Buys $150M in Shares
What Happened Lincoln Financial Investments Corp, reported as a 10% owner, made three purchases of shares of Lincoln Bain Capital Total Credit Fund (LNBIX) between October and December 2025. Transactions were reported as purchases (code P): 4,793,864 shares at $10.43 on 2025-10-14 ($50,000,002); 2,394,636 shares at $10.44 on 2025-11-05 ($25,000,000); and 7,156,489 shares at $10.48 on 2025-12-11 ($75,000,005). Total consideration across the three buys was about $150,000,007. Purchases (rather than sales) are often viewed as a positive signal, though they reflect institutional positioning rather than insider personal trading.
Key Details
- Transaction dates & prices:
- 2025-10-14: 4,793,864 shares @ $10.43 (~$50,000,002)
- 2025-11-05: 2,394,636 shares @ $10.44 ($25,000,000)
- 2025-12-11: 7,156,489 shares @ $10.48 (~$75,000,005)
- Transaction code: P = Purchase (open market or private purchase as reported).
- Shares owned after transaction: Not specified in the excerpt provided.
- Footnote: The shares are owned directly by certain series of the Lincoln Variable Insurance Products Trust. Lincoln Financial Investments Corp is the investment adviser to those series and "may be deemed" to beneficially own the reported shares (per filer footnote).
- Filing timeliness: The Form 4 was filed on 2026-02-27 covering transactions in Oct–Dec 2025, which appears late relative to the typical Form 4 two-business‑day filing requirement; late filings can reduce timeliness of disclosure for investors.
Context
- This is institutional/advisory activity (a 10% owner and registered investment adviser acting for Trust series), not an individual executive trade. Institutional purchases often reflect portfolio allocation decisions rather than management’s private view of the company.
- No option exercises, awards, or gifts were reported — only purchases (code P).
Insider Transaction Report
- Purchase
Class I shares of beneficial interest
[F1]2025-10-14$10.43/sh+4,793,864$50,000,002→ 4,793,864 total(indirect: See Footnote) - Purchase
Class I shares of beneficial interest
[F1]2025-11-05$10.44/sh+2,394,636$25,000,000→ 7,188,500 total(indirect: See Footnote) - Purchase
Class I shares of beneficial interest
[F1]2025-12-11$10.48/sh+7,156,489$75,000,005→ 14,344,989 total(indirect: See Footnote)
Footnotes (1)
- [F1]These shares are owned directly by certain series of the Lincoln Variable Insurance Products Trust (the "Trust"), an investment company registered with the U.S. Securities and Exchange Commission under the Investment Company Act of 1940, as amended. Lincoln Financial Investments Corporation, a registered investment adviser under the Investment Advisers Act of 1940, as amended, serves as the investmnt adviser to each such series of the Trust, and may be deemed to have beneficial ownership of the shares reported herein.