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LPL Financial Holdings Inc.·4

Apr 16, 4:25 PM ET

Audette Matthew J 4

Research Summary

AI-generated summary

Updated

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.