Carney Kevin M 4

What Happened Kevin M. Carney, a director of Lincoln Educational Services Corp (LINC), reported two related transactions. On 2026-06-08 he transferred 3,216 shares between ownership forms (reported as an Other acquisition/disposition at $0.00), and on 2026-06-10 he sold 3,000 shares in an open-market sale at $48.00 per share, generating $144,000. The transfer to the Kevin M. Carney Living Trust did not change his economic interest in those shares.

Key Details

• Transaction dates: 2026-06-08 (transfer to living trust), 2026-06-10 (open-market sale). Filing date: 2026-06-10.
• Sale: 3,000 shares @ $48.00 = $144,000 (open market).
• Transfer: 3,216 shares @ $0.00 — reclassified from direct to indirect ownership via the Kevin M. Carney Living Trust (co-trustee with spouse); no change in pecuniary interest. (Footnote F1)
• Sale reason: completed in connection with the reporting person’s financial planning needs. (Footnote F2)
• Shares owned after the transactions: not disclosed in this filing.
• Timeliness: Report filed on 2026-06-10 for transactions through 2026-06-08 (appears timely under Form 4 rules).

Context

• The 3,216-share movement was an internal transfer to a living trust and should not be read as a sale or gift; it merely changed the form of beneficial ownership.
• The 3,000-share sale was an open-market disposition and, per the footnote, tied to personal financial planning. Sales by directors can be routine and do not necessarily indicate a change in view on the company’s prospects.