Heidloff Theodore J. 4

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

AI-generated summary of this filing

Updated May 26, 2026

Lincoln (LCLN) CFO Theodore Heidloff Receives Awards, Disposes 34k Shares

What Happened

Theodore J. Heidloff, CFO of Lincoln International, received multiple equity grants on May 19, 2026 (including a large 341,250-unit grant plus several smaller derivative awards and option-related grants) and additional reported acquisitions on May 21, 2026 (25,000 shares reported at $0.00). On May 21, 2026 he also had 34,124 shares disposed to the issuer at $20.00 per share for proceeds of $682,480 (reported as a derivative disposition). Most transactions are awards/acquisitions (code A); the 34,124-share transfer is a disposition (code D).

Key Details

Transaction dates & prices:
- 2026-05-19: Multiple grants/awards (including 341,250 units and several derivative awards/options) — price N/A or $0.00 as reported.
- 2026-05-21: Acquisition of 25,000 shares at $0.00; Disposition to issuer of 34,124 shares at $20.00 for $682,480 (derivative).
Shares owned after transaction: Not specified in the Form 4 filing.
Notable footnotes: Transactions relate to IPO/reorganization activity (F1, F2); some awards are RSUs that vest in two equal installments on the 3rd and 4th anniversaries of May 21, 2026 (F3); common units are redeemable 1-for-1 for Class A shares (F5); cancellation/forfeiture mechanics are noted (F4). Several option grants have future vesting dates (2027–2030) per footnotes (F7–F11).
Timeliness: The Form 4 was filed on 2026-05-26 for transactions dated 2026-05-19 and 2026-05-21 — the filing appears to have been submitted after the transaction dates.

Context

These entries are largely award/grant transactions tied to the issuer’s IPO and corporate reorganization rather than open-market purchases, so they represent compensation/structural changes more than an independent buy signal. The 34,124-share disposition to the issuer (reported as a derivative) indicates shares were returned/transferred to the company (often related to cancellation, conversion or tax withholding in IPO/reorg contexts) — see footnotes F4 and F5 for related mechanics. RSUs and option grants carry multi-year vesting schedules, so future ownership is contingent on vesting.

Form 4

Period: 2026-05-19

Chief Financial Officer

Transactions

Award
Class B Common Stock
[F1][F2]
2026-05-19+341,250→ 341,250 total
Award
Class A Common Stock
[F3]
2026-05-21+25,000→ 25,000 total
Disposition to Issuer
Class B Common Stock
[F4]
2026-05-21−34,124→ 307,126 total
Award
Common Units
[F5][F1][F2]
2026-05-19+341,250→ 341,250 total
→ Class A Common Stock (341,250 underlying)
Award
Stock Option
[F1][F6]
2026-05-19+8,450→ 8,450 total
Exercise: $6.83Exp: 2026-12-31→ Common Units (8,450 underlying)
Award
Stock Option
[F1][F7]
2026-05-19+8,450→ 8,450 total
Exercise: $9.09Exp: 2027-12-31→ Common Units (8,450 underlying)
Award
Stock Option
[F1][F8]
2026-05-19+7,800→ 7,800 total
Exercise: $6.83Exp: 2027-12-31→ Common Units (7,800 underlying)
Award
Stock Option
[F1][F9]
2026-05-19+8,450→ 8,450 total
Exercise: $9.09Exp: 2028-12-31→ Common Units (8,450 underlying)
Award
Stock Option
[F1][F10]
2026-05-19+7,800→ 7,800 total
Exercise: $9.09Exp: 2029-12-31→ Common Units (7,800 underlying)
Award
Stock Option
[F1][F11]
2026-05-19+7,800→ 7,800 total
Exercise: $9.09Exp: 2030-12-31→ Common Units (7,800 underlying)
Disposition to Issuer
Common Units
[F5]
2026-05-21$20.00/sh−34,124$682,480→ 307,126 total
→ Class A Common Stock (34,124 underlying)

Footnotes (11)

[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).
[F10]The stock option vests in full on January 1, 2029.
[F11]The stock option vests in full on January 1, 2030.
[F2]Represents an acquisition of Common Units and a corresponding number of Class B 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 B 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 B Common Stock will be forfeited in connection with the redemption. The Common Units have no expiration date.
[F6]The stock option is fully vested and exercisable.
[F7]The stock option vests in full on January 1, 2027.
[F8]The stock option vests in full on April 1, 2027.
[F9]The stock option vests in full on January 1, 2028.

Signature

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

1 file