LINCOLN EDUCATIONAL SERVICES CORP
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unregistered Sales of Equity Securities and Use of Proceeds
(a)
None.
(b)
None.
(c)
On May 24, 2022, the Company announced that the Board of Directors had approved a share repurchase program for 12 months authorizing repurchases of up to $30.0 million of the Company’s Common Stock. On February 27, 2023, the Board of Directors authorized the repurchase of an additional $10.0 million in the Company’s Common Stock, increasing the total authorization under the program to $40.0 million, and has extended the share repurchase program for additional 12-month periods. During the three months ended September 30, 2026, the Company repurchased 871,135 shares of its Common Stock under the share repurchase program and had approximately $8.7 million remaining for additional repurchases under the program as of September 30, 2026. Since the inception of the program through September 30, 2026, the Company has made repurchases totaling approximately 2.6 million shares at an average price of $11.99 for an aggregate expenditure of approximately $31.3 million.
On November 4, 2026, the Board of Directors authorized the repurchase of an additional $30.0 million of the Company’s Common Stock, increasing the total authorization under the program to $70.0 million, and extended the program through May 24, 2028.
The following table presents the number and average price of shares purchased during the three months ended September 30, 2026.
| Period | Total Number of Shares Purchased | Average Price Paid per Share (1) | Total Number of Shares Purchased as Part of Publicly Announced Plan | Maximum Dollar Value of Shares Remaining to bePurchased Under the Plan |
|---|---|---|---|---|
| July 1, 2026 to July 31, 2026 | - | - | - | $29,663,667 |
| August 1, 2026 to August 31, 2026 | - | - | - | $29,663,667 |
| September 1, 2026 to September 30, 2026 | 871,135 | $24.05 | 871,135 | $8,671,333 |
| Total | 871,135 | $24.05 | 871,135 |
(1)Excludes commissions and excise tax.
For more information on the share repurchase plan, see Part I, Item 1. “Notes to Condensed Consolidated Financial Statements”, Note 8 – Stockholders’ Equity.
Item 3.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.