{"url_path":"/sec/linc/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-11","source_url":"https://www.sec.gov/Archives/edgar/data/1286613/0001140361-26-020546-index.html","accession_number":"0001140361-26-020546","cik":"0001286613","ticker":"LINC","issuer_name":"LINCOLN EDUCATIONAL SERVICES CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1286613/0001140361-26-020546-index.html","primary_entity_key":"0001286613","primary_entity_name":"LINCOLN EDUCATIONAL SERVICES CORP"},"word_count":175,"has_tables":true,"body_markdown":"Item 2.\n\nUNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS\n\n \n\n(a)\n\nNone.\n\n(b)\n\nNone.\n\n(c)\n\nOn May 24, 2022,\nthe Company announced that the Board of Directors had approved a share repurchase program for 12 months authorizing\nrepurchases of up to $30.0 million of the Company’s Common Stock. On February 27, 2023, the\nBoard of Directors authorized the repurchase of an additional $10.0 million in Company’s Common Stock, for an aggregate\nof up to $30.6 million in additional repurchases, and extended the share\nrepurchase program for additional 12-month periods, most recently through May\n24, 2027. The Company did not repurchase any additional\nshares in the three months ended March 31, 2026, and has approximately $29.7\nmillion remaining for additional repurchases under the program. To date, the Company has made\nrepurchases totaling approximately 1.7 million shares at an average share price\nof $5.95 for an aggregate expenditure of approximately $10.3 million.\n\n \n\nFor more information on the share repurchase plan, see Part I, Item 1. “Notes to Condensed Consolidated Financial Statements”, Note 8 – Stockholders’ Equity."}