Malchow Eric Dennis 4

4 · Lincoln International, Inc. · Filed May 26, 2026

AI-generated summary of this filing

Updated May 26, 2026

Lincoln International (LCLN) 10% Owner Eric Malchow Sells 552,500 Shares

What Happened

Eric Dennis Malchow, reported as a 10% owner of Lincoln International (LCLN), disposed of 552,500 shares to the issuer on May 21, 2026 for $20.00 per share (total proceeds $11,050,000). The Form 4 also shows multiple acquisitions/awards around the IPO/reorganization: large share/unit conversions reported May 19, 2026 (5,525,000 shares/units) and additional grants/RSUs and option awards (including a 225,000 share acquisition reported May 21, 2026 at $0).
Several entries are derivative awards (RSUs and stock options) reported as acquired on May 19, 2026 (e.g., RSU awards and option grants). RSUs vest in two equal installments on the third and fourth anniversaries of May 21, 2026; stock option vesting dates are Jan 1 of 2027, 2028, 2029 and 2030 per the filing.

Key Details

Transaction dates: May 19, 2026 (multiple grants/awards) and May 21, 2026 (additional acquisition and disposition).
Notable amounts: 552,500 shares disposed to issuer at $20.00 each = $11,050,000; large conversions/awards of 5,525,000 shares/units reported on May 19.
Prices: Several awards reported at $0 (typical for restricted stock/RSU grants); disposition price shown at $20.00 for the 552,500-share derivative sale.
Shares owned after transaction: the Form 4 does not state a consolidated “shares owned after” total in the provided summary — the filing reports the conversions, awards, and dispositions tied to the IPO/reorganization.
Relevant footnotes: F1 indicates some transactions occurred prior to registration and are reported under Rule 16a-2(a); F2–F5 describe the IPO/reorganization mechanics (conversion of common units to Class A and Class C common stock, RSU awards, and cancellation/forfeiture mechanics); F6–F9 list option vesting dates.
Insider status: Malchow is a reported 10% owner — note this is owner-level reporting, not necessarily day-to-day executive trading.

Context

Many entries reflect reorganization events tied to Lincoln’s IPO (unit-to-share conversions, RSU grants and option grants) rather than routine open-market purchases or sales. RSUs are contingent rights to receive Class A shares and vest on future anniversaries; options vest over the listed years. The 552,500-share disposition to the issuer appears to be a redemption/cancellation type transaction connected to the reorganization (see footnotes), not an open-market sale.
As a 10% owner, these filings document substantial ownership changes tied to corporate structuring; they do not by themselves indicate personal bullish or bearish trading intent.

Form 4

Period: 2026-05-19

DirectorPresident & Global Head of M&A10% Owner

Transactions

Award
Class C Common Stock
[F1][F2]
2026-05-19+5,525,000→ 5,525,000 total
Award
Class A Common Stock
[F3]
2026-05-21+225,000→ 225,000 total
Disposition to Issuer
Class C Common Stock
[F4]
2026-05-21−552,500→ 4,972,500 total
Award
Common Units
[F5][F1][F2]
2026-05-19+5,525,000→ 5,525,000 total
→ Class A Common Stock (5,525,000 underlying)
Award
Stock Option
[F1][F6]
2026-05-19+65,000→ 65,000 total
Exercise: $7.38Exp: 2027-12-31→ Common Units (65,000 underlying)
Award
Stock Option
[F1][F6]
2026-05-19+16,250→ 16,250 total
Exercise: $9.09Exp: 2027-12-31→ Common Units (16,250 underlying)
Award
Stock Option
[F1][F7]
2026-05-19+16,250→ 16,250 total
Exercise: $9.09Exp: 2028-12-31→ Common Units (16,250 underlying)
Award
Stock Option
[F1][F8]
2026-05-19+16,250→ 16,250 total
Exercise: $9.09Exp: 2029-12-31→ Common Units (16,250 underlying)
Award
Stock Option
[F1][F9]
2026-05-19+16,250→ 16,250 total
Exercise: $9.09Exp: 2030-12-31→ Common Units (16,250 underlying)
Disposition to Issuer
Common Units
[F5]
2026-05-21$20.00/sh−552,500$11,050,000→ 4,972,500 total
→ Class A Common Stock (552,500 underlying)

Footnotes (9)

[F1]This transaction occurred prior to the Issuer's registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934, as amended, in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a).
[F2]Represents an acquisition of Class A Common Stock, Common Units and a corresponding number of Class C Common Stock pursuant to a reorganization of the Issuer.
[F3]Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Class A Common Stock. The RSUs vest in two substantially equal annual installments on each of the third and fourth anniversaries of May 21, 2026.
[F4]Reflects the cancellation for no consideration of Class C Common Stock in connection with the sale of Common Units.
[F5]The common units of Lincoln International, LP ("Common Units") may be redeemed by the Reporting Person at any time at the option of the holder for shares of Class A Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class C Common Stock will be forfeited in connection with the redemption. The Common Units have no expiration date.
[F6]The stock option vests in full on January 1, 2027.
[F7]The stock option vests in full on January 1, 2028.
[F8]The stock option vests in full on January 1, 2029.
[F9]The stock option vests in full on January 1, 2030.

Signature

/s/ Julie Nelson, Attorney-in-Fact|2026-05-26

1 file