Juniper Investment Company, LLC - May 21, 2024 Form 4 Insider Report for LINCOLN EDUCATIONAL SERVICES CORP (LINC)

Role: 10%+ Owner
Signature: /s/ Alexis P. Michas
Stock symbol: LINC
Transactions as of: May 21, 2024
Transactions value $: -$93,219
Form type: 4
Date filed: 5/22/2024, 04:00 PM
Previous filing: May 17, 2024
Next filing: Jun 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LINC	Common Stock, no par value per share	Sale	-$2.38K	-200	-0.07%	$11.92	279K	May 21, 2024	Direct
transaction	LINC	Common Stock, no par value per share	Sale	-$2.39K	-200	-0.07%	$11.93	279K	May 21, 2024	Direct
transaction	LINC	Common Stock, no par value per share	Sale	-$7.73K	-649	-0.23%	$11.91	278K	May 21, 2024	Direct
transaction	LINC	Common Stock, no par value per share	Sale	-$2.38K	-200	-0.07%	$11.92	278K	May 21, 2024	Direct
transaction	LINC	Common Stock, no par value per share	Sale	-$78.3K	-6.58K	-2.37%	$11.90	271K	May 21, 2024	Direct
holding	LINC	Common Stock, no par value per share						3.32M	May 21, 2024	See Footnote	F1

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

Explanation of Responses:

Id	Content
F1	Comprised of (i) 956,223 shares held by Juniper Targeted Opportunities L.P. ("Juniper Targeted Opportunities") and (ii) 2,363,311 shares held by Juniper Targeted Opportunity Fund, L.P. ("Juniper Fund"). Juniper Investment Company, LLC ("Juniper Investment Company") serves as the investment advisor to Juniper Targeted Opportunities and Juniper Fund. Mr. Michas and another individual serve as the managing members of Juniper Investment Company and the general partners of Juniper Targeted Opportunities and Juniper Fund and as a result, Mr. Michas shares voting and dispositive power over such shares with Juniper Investment Company and the other individual. Mr. Michas 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

Comprised of (i) 956,223 shares held by Juniper Targeted Opportunities L.P. ("Juniper Targeted Opportunities") and (ii) 2,363,311 shares held by Juniper Targeted Opportunity Fund, L.P. ("Juniper Fund"). Juniper Investment Company, LLC ("Juniper Investment Company") serves as the investment advisor to Juniper Targeted Opportunities and Juniper Fund. Mr. Michas and another individual serve as the managing members of Juniper Investment Company and the general partners of Juniper Targeted Opportunities and Juniper Fund and as a result, Mr. Michas shares voting and dispositive power over such shares with Juniper Investment Company and the other individual. Mr. Michas disclaims beneficial ownership of the holdings of Juniper Targeted Opportunities and Juniper Fund reflected herein except to the extent of his pecuniary interest therein.