Gates Greg 4

What Happened

• Greg Gates, Group Managing Director at LPL Financial (LPLA), disposed of 232 shares on June 12, 2026 as payment of a tax liability related to equity awards. The shares were valued at $295.66 each for a total of $68,593.
• This was a tax-withholding/covering transaction (code F), not an open-market sale driven by investment intent.

Key Details

• Transaction date and price: June 12, 2026 — 232 shares at $295.66 per share (total $68,593).
• Shares owned after transaction: 12,737 shares of common stock plus 7,795 restricted stock units (RSUs) with varied vesting schedules (see footnote).
• Footnote highlights (F1): Holdings include 12,737 common shares and RSUs that vest on 2/25/2027, 2/25/2028, 2/25/2029, and 8/31/2029 (breakdown: 776; 1,438; 2,774; 2,807).
• Filing timeliness: Report filed 2026-06-15 for a 2026-06-12 transaction — within the SEC’s two-business-day window.
• Administrative note: Form was signed on behalf of Greg Gates under a Power of Attorney dated December 17, 2024.

Context

• Code F transactions typically reflect shares withheld or surrendered to satisfy tax obligations from vesting or option exercises; they are routine and do not necessarily signal a change in the insider’s view of the company.
• This was not a market sale intended as a liquidity or investment signal, but a tax-withholding disposition tied to equity compensation.