[X]
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Rule 13d-1(b)
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[ ]
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Rule 13d-1(c)
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[ ]
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Rule 13d-1(d)
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CUSIP No. 533535100
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1.
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Names of Reporting Persons
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Herr Investment Group, LLC
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2.
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Check the Appropriate Box if a Member of a Group
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(a) [ ]
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(b) [ ]
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
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Delaware
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
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5.
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Sole Voting Power
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1,143,146
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6.
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Shared Voting Power
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0
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7.
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Sole Dispositive Power
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2,267,402
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8.
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Shared Dispositive Power
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0
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
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2,267,402
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares
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[ ]
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11.
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Percent of Class Represented by Amount in Row 9
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7.23%
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12.
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Type of Reporting Person
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IA
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Item 1(a).
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Name of Issuer:
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Lincoln Educational Services Corporation
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Item 1(b).
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Address of Issuer's Principal Executive Offices:
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14 Sylvan Way, Suite A, Parsippany, NJ, 07054
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Item 2(a).
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Name of Person Filing:
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Herr Investment Group, LLC
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Item 2(b).
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Address of Principal Business Office or, if None, Residence:
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44 Pascal Lane, Austin, TX 78746
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Item 2(c).
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Citizenship:
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Delaware
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Item 2(d).
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Title of Class of Securities:
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Common Stock, no par value per share
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Item 2(e).
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CUSIP Number:
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533535100
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Item 3.
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If this statement is filed pursuant to 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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[ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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(b)
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[ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c)
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[ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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(d)
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[ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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(e)
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[X] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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(f)
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[ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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(g)
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[ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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(h)
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[ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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[ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act (15 U.S.C.
80a-3);
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(j)
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[ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);
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(k)
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[ ] Group, in accordance with § 240.13d-1(b)(1)(ii)(K).
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If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: [ ]
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Item 4.
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Ownership.
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(a)
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Amount beneficially owned:
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2,267,402
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(b)
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Percent of class:
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7.23%
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(c)
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Number of shares as to which the person has:
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(i)
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Sole power to vote or to direct the vote
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1,143,146
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(ii)
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Shared power to vote or to direct the vote
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0
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(iii)
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Sole power to dispose or to direct the disposition of
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2,267,402
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(iv)
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Shared power to dispose or to direct the disposition of
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0
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Item 5.
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Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more
than 5 percent of the class of securities, check the following [ ].
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Item 6.
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Ownership of More Than Five Percent on Behalf of Another Person.
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Not applicable.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
or Control Person.
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Not applicable.
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Item 8.
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Identification and Classification of Members of the Group.
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Not applicable.
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Item 9.
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Notice of Dissolution of Group.
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Not applicable.
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Item 10.
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Certifications.
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a–11.
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Dated: February 8, 2024
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/s/ Matthew Okkerse
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Name: Matthew Okkerse
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Title: Chief Compliance Officer
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