SEC Form SC 13G filed by Lincoln Educational Services Corporation

[X]

Rule 13d-1(b)

[  ]

Rule 13d-1(c)

[  ]

Rule 13d-1(d)

CUSIP No. 533535100

1.

Names of Reporting Persons

Herr Investment Group, LLC

2.

Check the Appropriate Box if a Member of a Group

(a) [  ]

(b) [  ]

3.

SEC Use Only

4.

Citizenship or Place of Organization

Delaware

 

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

5.

Sole Voting Power

1,143,146

6.

Shared Voting Power

0

7.

Sole Dispositive Power

2,267,402

8.

Shared Dispositive Power

0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

2,267,402

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

[  ]

11.

Percent of Class Represented by Amount in Row 9

7.23%

12.

Type of Reporting Person

IA

Item 1(a).

Name of Issuer:

Lincoln Educational Services Corporation

Item 1(b).

Address of Issuer's Principal Executive Offices:

14 Sylvan Way, Suite A, Parsippany, NJ, 07054

Item 2(a).

Name of Person Filing:

Herr Investment Group, LLC

Item 2(b).

Address of Principal Business Office or, if None, Residence:

44 Pascal Lane, Austin, TX  78746

Item 2(c).

Citizenship:

Delaware

Item 2(d).

Title of Class of Securities:

Common Stock, no par value per share

Item 2(e).

CUSIP Number:

533535100

Item 3.

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:

(a)

[  ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

[  ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

[  ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

[  ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

[X] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

[  ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

[  ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

[  ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

[  ] 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);

(j)

[  ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

(k)

[  ] Group, in accordance with § 240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: [  ]

Item 4.

Ownership.

(a)

Amount beneficially owned:

2,267,402

(b)

Percent of class:

7.23%

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote

1,143,146

(ii)

Shared power to vote or to direct the vote

0

(iii)

Sole power to dispose or to direct the disposition of

2,267,402

(iv)

Shared power to dispose or to direct the disposition of

0

Item 5.

Ownership of Five Percent or Less of a Class.

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 [ ].

Item 6.

Ownership of More Than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

Item 9.

Notice of Dissolution of Group.

Not applicable.

Item 10.

Certifications.

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.

Dated: February 8, 2024

Name: Matthew Okkerse

Title: Chief Compliance Officer