Audette Matthew J 4
4 · LPL Financial Holdings Inc. · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
LPL Financial (LPLA) President & CFO Matthew J. Audette Sells Shares
What Happened Matthew J. Audette, President and Chief Financial Officer of LPL Financial (LPLA), sold a total of 1,579 shares in open-market transactions on April 14–15, 2026, generating aggregate proceeds of approximately $518,901. Individual sales reported:
- Apr 14, 2026 — 330 shares at $325.00 for $107,250 (weighted avg; price range $325.00–$325.01)
- Apr 14, 2026 — 139 shares at $326.16 for $45,336 (weighted avg; price range $326.12–$326.33)
- Apr 15, 2026 — 220 shares at $327.45 for $72,039 (weighted avg; price range $326.93–$327.47)
- Apr 15, 2026 — 189 shares at $328.34 for $62,056 (weighted avg; price range $328.34–$328.35)
- Apr 15, 2026 — 595 shares at $331.09 for $196,999 (weighted avg; price range $330.69–$331.56)
- Apr 15, 2026 — 106 shares at $332.27 for $35,221 (weighted avg; price range $331.69–$332.43)
These were sales (not purchases), which are often routine cashing-out moves rather than a direct bullish signal.
Key Details
- Dates: April 14 and April 15, 2026; Form 4 filed April 16, 2026 (timely filing).
- Total sold: 1,579 shares for about $518,901.
- Shares/holdings after the transactions (per filing): 8,427 common shares beneficially owned plus restricted stock units: 787 RSUs vesting Feb 25, 2027; 3,965 RSUs vesting ratably Feb 25, 2027 & Feb 25, 2028; and 6,624 RSUs vesting ratably Feb 25, 2027–2029 (see footnote F8).
- Plan/authorization: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted Aug 14, 2025 (footnote F1). Several footnotes (F2–F7) note that reported prices are weighted averages and provide price ranges for the individual sale batches; the filer offers to supply breakdowns on request.
- Signature note: Form signed on behalf of Mr. Audette under a Power of Attorney dated Dec 16, 2024.
Context
- These sales were made under a pre-established 10b5-1 plan, which allows insiders to execute predetermined trades and can make the transactions routine rather than an indication of current insider sentiment.
- For retail investors: purchases by insiders generally carry more informational weight than scheduled sales. This filing documents routine sales and the remaining equity and RSU vesting schedule for the reporting executive.
Insider Transaction Report
Form 4
Audette Matthew J
President and CFO
Transactions
- Sale
Common Stock
[F1][F2]2026-04-14$325.00/sh−330$107,250→ 21,052 total - Sale
Common Stock
[F1][F3]2026-04-14$326.16/sh−139$45,336→ 20,913 total - Sale
Common Stock
[F1][F4]2026-04-15$327.45/sh−220$72,039→ 20,693 total - Sale
Common Stock
[F1][F5]2026-04-15$328.34/sh−189$62,056→ 20,504 total - Sale
Common Stock
[F1][F6]2026-04-15$331.09/sh−595$196,999→ 19,909 total - Sale
Common Stock
[F1][F7][F8]2026-04-15$332.27/sh−106$35,221→ 19,803 total
Footnotes (8)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 14, 2025.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $325.00 to $325.01, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $326.12 to $326.33, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (3) to this Form 4.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $326.93 to $327.47, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4) to this Form 4.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $328.34 to $328.35, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (5) to this Form 4.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $330.69 to $331.56, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (6) to this Form 4.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $331.69 to $332.43, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (7) to this Form 4.
- [F8]Consists of (i) 8,427 shares of Common Stock; (ii) 787 restricted stock units that vest in full on February 25, 2027; (iii) 3,965 restricted stock units that vest ratably on each of February 25, 2027 and February 25, 2028; and (iv) 6,624 restricted stock units that vest ratably on each of February 25, 2027, February 25, 2028 and February 25, 2029.
Signature
/s/ Robert S. Hatfield III, attorney-in-fact|2026-04-16