Barr Robert Bruce 4

What Happened

• Robert Bruce Barr, reported as a 10% owner of Lincoln International (LCLN), received multiple awards/stock/unit acquisitions on 2026-05-19 and then had a disposition of 3,588,622 shares to the issuer on 2026-05-21 for $20.00 per share, totaling $71,772,440. The 5/19 entries show acquisitions of 527,800 shares, 12,931,100 shares, and 975,000 shares (some reported as derivative interests tied to a reorganization). Some Class C shares were cancelled for no consideration in connection with the transaction structure.

Key Details

• Primary dates: acquisitions reported 2026-05-19; disposition to issuer on 2026-05-21.
• Notable price/value: 3,588,622 shares disposed at $20.00 each = $71,772,440.
• Acquisitions reported (5/19): 527,800; 12,931,100; and 975,000 shares (two of these reported as derivative interests).
• Shares owned after the transactions: not provided in the supplied excerpt of the filing.
• Footnotes of importance:
  • F1: Some transactions occurred prior to the issuer’s registration in connection with the IPO and are reported under Rule 16a-2(a).
  • F2–F4: Reflect a reorganization converting common units into Class A common stock and corresponding Class C shares, cancellation of Class C shares for no consideration related to sale of common units, and that common units are redeemable 1-for-1 into Class A shares (with corresponding Class C forfeited).
• Filing timing: Form filed 2026-05-26 reporting 5/19 and 5/21 transactions (investors may note this is after the trade dates; typical Form 4s are due within two business days).

Context

• These entries reflect a corporate reorganization/IPO-related conversion and related issuer redemptions/cancellations rather than a routine open-market buy or sell by an executive. The disposition to the issuer at $20 likely reflects a transaction tied to the issuer’s structuring (redemption or conversion), not an unrestricted open-market sale. As a 10% owner, Barr’s transactions are institutional/ownership events; they do not necessarily signal personal trading intent.