TZUP Insider Alert: Director Sells 750k Options for $225k

Q: What did Danny Lupinelli sell according to the Form 4 for TZUP?

He sold 750,000 option rights to acquire Thumzup Media common stock.

Q: At what price were the TZUP options valued in the insider sale?

The exercise price is $0.30 per share, totaling $225,000 for the block.

Q: How many derivative securities does Lupinelli still hold after the transaction?

He retains 650,223 options following the reported sale.

Q: Why were these TZUP options sold?

The sale completed an Option Assignment Agreement with Hampton Growth Resources dated 06/19/2025.

Q: Is this Form 4 filed by multiple insiders?

No. The filing is marked "Form filed by One Reporting Person".

[Form 4] LPL Financial Holdings Inc. Insider Trading Activity

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Form 4 highlights an insider transaction at Thumzup Media Corp. (TZUP) dated 07/07/2025. Director and reporting person Danny Lupinelli disposed of a large block of derivative securities tied to the company鈥檚 common stock.

Transaction type: Code 鈥淪鈥� (sale) of an Option (Right to Buy).
Volume sold: 750,000 option rights, each convertible into one share of common stock.
Exercise price: $0.30 per share, implying total underlying value of $225,000.
Background: The options stem from a January 9 2024 Option Purchase Agreement giving Hampton Growth Resources, LLC rights to acquire up to 1,400,000 shares. An Option Assignment Agreement dated 06/19/2025 transferred part of those rights, and the sale closed on 07/07/2025.
Post-transaction holding: Lupinelli retains 650,223 derivative securities.
Ownership status: Filing made by a single reporting person who is both a Director and 10% owner (as indicated).

In essence, the filing documents a sizeable insider sale of option rights鈥攐ver half of the original 1.4 million share option鈥攔educing Lupinelli鈥檚 derivative position while injecting $225k of proceeds.

Positive

None.

Negative

Director disposes of 750,000 option rights, cutting derivative position by over half, which can be viewed as bearish insider sentiment.

Insights

TL;DR 鈥� Director sold 750k option rights, trimming stake by ~54%; insider sentiment appears mildly negative.

The filing shows Danny Lupinelli monetising 750,000 options at a $0.30 strike, leaving 650,223 derivative securities. Code 鈥淪鈥� confirms a sale rather than an exercise, signalling liquidation rather than deeper commitment. Proceeds of $225k are modest in absolute terms but represent a meaningful percentage of his derivative holdings. Such insider selling can be interpreted as a short-term bearish signal, though the option originates from a third-party agreement with Hampton Growth Resources, implying the transaction may be contractual rather than purely discretionary. No information on company fundamentals is provided, so impact is limited to sentiment.

07/08/2025 - 04:14 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gates Greg

(Last)

(First)

(Middle)

C/O LPL FINANCIAL

4707 EXECUTIVE DRIVE

(Street)

SAN DIEGO

92121

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
LPL Financial Holdings Inc. [ LPLA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Group Managing Director

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/03/2025		S⁽¹⁾		96	D	$378.17⁽²⁾	22,024	D
Common Stock	07/03/2025		S⁽¹⁾		133	D	$379.35⁽³⁾	21,891	D
Common Stock	07/03/2025		S⁽¹⁾		48	D	$380.85⁽⁴⁾	21,843	D
Common Stock	07/03/2025		S⁽¹⁾		159	D	$381.69⁽⁵⁾	21,684	D
Common Stock	07/03/2025		S⁽¹⁾		351	D	$382.58⁽⁶⁾	21,333	D
Common Stock	07/03/2025		S⁽¹⁾		363	D	$383.75⁽⁷⁾	20,970	D
Common Stock	07/03/2025		S⁽¹⁾		315	D	$384.61⁽⁸⁾	20,655	D
Common Stock	07/03/2025		S⁽¹⁾		35	D	$385.29⁽⁹⁾	20,620⁽¹⁰⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 7, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $378.05 to $379.01, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $379.06 to $379.37, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (3) to this Form 4.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $380.10 to $381.09, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4) to this Form 4.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $381.10 to $382.08, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (5) to this Form 4.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $382.10 to $383.00, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (6) to this Form 4.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $383.18 to $384.16, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (7) to this Form 4.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $384.18 to $385.17, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (8) to this Form 4.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $385.20 to $385.35, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (9) to this Form 4.

10. Consists of (i) 15,891 shares of Common Stock; (ii) 510 restricted stock units that vest in full on February 25, 2026; (iii) 511 restricted stock units that vest in full on June 12, 2026; (iv) 1,551 restricted stock units that vest ratably on each of February 25, 2026 and February 25, 2027; and (v) 2,157 restricted stock units that vest ratably on each of February 25, 2026, February 25, 2027 and February 25, 2028.

Remarks:

The signatory is signing on behalf of Greg Gates pursuant to a Power of Attorney dated December 17, 2024.

	/s/ Robert S. Hatfield III, attorney-in-fact	07/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

What did Danny Lupinelli sell according to the Form 4 for TZUP?

He sold 750,000 option rights to acquire Thumzup Media common stock.

At what price were the TZUP options valued in the insider sale?

The exercise price is $0.30 per share, totaling $225,000 for the block.

How many derivative securities does Lupinelli still hold after the transaction?

He retains 650,223 options following the reported sale.

Why were these TZUP options sold?

The sale completed an Option Assignment Agreement with Hampton Growth Resources dated 06/19/2025.

Is this Form 4 filed by multiple insiders?

No. The filing is marked "Form filed by One Reporting Person".

AG真人官方

[Form 4] LPL Financial Holdings Inc. Insider Trading Activity

Insights

FAQ

What did Danny Lupinelli sell according to the Form 4 for TZUP?

At what price were the TZUP options valued in the insider sale?

How many derivative securities does Lupinelli still hold after the transaction?

Why were these TZUP options sold?

Is this Form 4 filed by multiple insiders?

NASDAQ:LPLA

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AG真人官方

Trending News

[Form 4] LPL Financial Holdings Inc. Insider Trading Activity

Insights

Securities Analyst negative

FAQ

What did Danny Lupinelli sell according to the Form 4 for TZUP?

At what price were the TZUP options valued in the insider sale?

How many derivative securities does Lupinelli still hold after the transaction?

Why were these TZUP options sold?

Is this Form 4 filed by multiple insiders?

NASDAQ:LPLA

LPLA Rankings

LPLA Latest News

LPLA Latest SEC Filings

LPLA Stock Data