John A. Bartholdson - 07 May 2025 Form 4 Insider Report for LINCOLN EDUCATIONAL SERVICES CORP (LINC)

Role: Chairman, Director
Signature: /s/ John A Bartholdson
Issuer symbol: LINC
Transactions as of: 07 May 2025
Transactions value $: $105,018
Form type: 4
Filing time: 09 May 2025, 13:35:21 UTC
Previous filing: 17 Mar 2025
Next filing: 05 Jun 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Bartholdson John A.	Chairman, Director	555 MADISON AVE, 25TH FLOOR, NEW YORK	/s/ John A Bartholdson	09 May 2025	0001382909

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LINC	Common Stock	Award	$105,018	+5,628	+2.77%	$18.66	208,943	07 May 2025	Direct	F1
holding	LINC	Common Stock						2,363,311	07 May 2025	See Footnote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Award of 5,628 shares of Restricted Stock valued at $105,000 on the date of award based on a price of $18.66 per share, the closing price per share on the date of the award. These restricted shares vest on the first anniversary of the grant date.
F2	Represents 2,363,311 shares held by Juniper Targeted Opportunity Fund, L.P. ("Juniper Fund"). Mr. Bartholdson and another individual serve as the managing members of Juniper Investment Company, the investment advisor to the Juniper Fund and the general partner of the Juniper Fund and as a result, Mr. Bartholdson shares voting and dispositive power over such shares with Juniper Investment Company and the other individual. Mr. Bartholdson disclaims beneficial ownership of the holdings of Juniper Targeted Opportunities and Juniper Fund reflected herein except to the extent of his pecuniary interest therein.

Content

Award of 5,628 shares of Restricted Stock valued at $105,000 on the date of award based on a price of $18.66 per share, the closing price per share on the date of the award. These restricted shares vest on the first anniversary of the grant date.

Represents 2,363,311 shares held by Juniper Targeted Opportunity Fund, L.P. ("Juniper Fund"). Mr. Bartholdson and another individual serve as the managing members of Juniper Investment Company, the investment advisor to the Juniper Fund and the general partner of the Juniper Fund and as a result, Mr. Bartholdson shares voting and dispositive power over such shares with Juniper Investment Company and the other individual. Mr. Bartholdson disclaims beneficial ownership of the holdings of Juniper Targeted Opportunities and Juniper Fund reflected herein except to the extent of his pecuniary interest therein.