Bartholdson John A. 4

What Happened John A. Bartholdson, a director of Lincoln Educational Services Corp. (LINC), was granted 3,515 restricted shares on May 7, 2026. The award was recorded at $44.10 per share for a total value of $155,012. This is a restricted stock award (compensation), not an open-market purchase or sale; the shares vest on the first anniversary of the grant.

Key Details

• Transaction date and price: May 7, 2026 — 3,515 shares at $44.10 per share (total $155,012).
• Vesting: These are restricted shares that vest on the first anniversary of the grant (per footnote).
• Reported holdings after transaction: 3,515 newly awarded restricted shares. Footnote also reports 1,938,311 shares held by Juniper Targeted Opportunity Fund, L.P., over which Bartholdson shares voting and dispositive power (he disclaims beneficial ownership of those fund holdings except to the extent of any pecuniary interest).
• Filing timeliness: Form 4 filed May 8, 2026 (one day after the transaction), appearing to be timely.

Context Restricted stock awards are typically compensation for directors or executives and do not indicate an immediate market purchase or sale — the shares cannot be freely sold until they vest. The filing also notes Bartholdson’s role with Juniper-affiliated entities that hold a large block of LINC shares; he disclaims beneficial ownership of those fund holdings except for any pecuniary interest.