Malchow Eric Dennis 4

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.