No actionable trading signal. These are standard initial beneficial ownership filings required when insiders first become subject to Section 16 reporting. Monitor future Form 4 filings for any open-market purchases or sales by these insiders, which would carry more signal.
Price Chart
Executive Summary
Two insiders at Lincoln International filed initial beneficial ownership reports (Form 3) on May 20, 2026. Mary Christine Smith reported 32,500 shares of Class A Common Stock directly held. CFO Theodore J. Heidloff reported 341,250 shares of Class B Common Stock, 341,250 Common Units (redeemable 1:1 for Class A Common Stock), and multiple stock option tranches exercisable for Common Units at prices between $6.83 and $9.09. These are routine initial ownership disclosures with no trading activity or material corporate event.
Key Facts
- Mary Christine Smith filed Form 3 disclosing 32,500 shares of Class A Common Stock directly held.
- CFO Theodore J. Heidloff filed Form 3 disclosing 341,250 shares of Class B Common Stock, 341,250 Common Units (redeemable 1:1 for Class A Common Stock), and stock options exercisable for Common Units at exercise prices of $6.83 and $9.09.
- Heidloff's stock options vest on various dates from January 1, 2027 through January 1, 2030.
- Both filings include standard Powers of Attorney authorizing company officers to execute future Section 16 and Rule 144 filings.
- No shares were bought or sold — these are initial ownership statements only.
Financial Impact
No financial impact — routine initial ownership disclosures with no transaction or material corporate event.
Risk Factors
- No material risks identified from these filings.
Market Snapshot
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (LCLN) — Batch item 1 | 0001628280-26-037037 |
| Document: 0001628280-26-037037-index-headers.html | 0001628280-26-037036 |
| Document: 0001628280-26-037037-index.html | 0001628280-26-037037 |
| Document: 0001628280-26-037037.txt | 0001628280-26-037037 |
| 3 Filing (LCLN) — Batch item 5 | 0001628280-26-037036 |
| Document: 0001628280-26-037036-index-headers.html | 0001628280-26-037037 |
| Document: 0001628280-26-037036-index.html | 0001628280-26-037037 |
| Document: 0001628280-26-037036.txt | 0001628280-26-037037 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | SC 13G/A | $23.44 | awaiting T+20 | — | $23.44 (−0.00%) |
Oct 15, 2026 11d ago | Press Release | $24.36 | awaiting T+20 | — | $23.44 (−3.78%) |
Sep 18, 2026 5w ago | SC 13G | $24.68 $23.26 | ▼ −5.75% | ▼ −4.85% | $23.44 (−5.02%) |
Aug 6, 2026 11w ago | 8-K | $23.41 $26.83 | ▲ +14.61% | ▲ +14.01% | $23.44 (+0.13%) |
May 26, 2026 21w ago | 8-K | $22.74 $23.00 | ▲ +1.14% | ▲ +3.04% | $23.44 (+3.08%) |
May 21, 2026 22w ago | 424B4 | $23.05 $23.63 | ▲ +2.49% | ▲ +2.16% | $23.44 (+1.69%) |
May 20, 2026 22w ago | 3 | $23.05 $23.63 | ▲ +2.49% | ▲ +2.16% | $23.44 (+1.69%) |
May 14, 2026 23w ago | S-1/A | — | awaiting T+20 | — | — |
May 11, 2026 24w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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