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 Expires: December 31, 2014 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).

1. Name and Address of Reporting Person * Malchow Eric Dennis (Last) (First) (Middle) 110 NORTH WACKER DRIVE, 51ST FLOOR (Street) CHICAGO IL 60606 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Lincoln International, Inc. [ LCLN ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner X Officer (give title below) Other (specify below) President & Global Head of M&A
	3. Date of Earliest Transaction (Month/Day/Year) 05/19/2026
	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)
			Code	V	Amount	(A) or (D)	Price
Class C Common Stock	05/19/2026 (1)		A		5,525,000	A	(2)	5,525,000	D
Class A Common Stock	05/21/2026		A		225,000 (3)	A	$ 0	225,000	D
Class C Common Stock	05/21/2026		D		552,500	D	(4)	4,972,500	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Units	(5)	05/19/2026 (1)		A		5,525,000		(5)	(5)	Class A Common Stock	5,525,000	(2)	5,525,000	D
Stock Option	$ 7.38	05/19/2026 (1)		A		65,000		(6)	12/31/2027	Common Units	65,000	$ 0	65,000	D
Stock Option	$ 9.09	05/19/2026 (1)		A		16,250		(6)	12/31/2027	Common Units	16,250	$ 0	16,250	D
Stock Option	$ 9.09	05/19/2026 (1)		A		16,250		(7)	12/31/2028	Common Units	16,250	$ 0	16,250	D
Stock Option	$ 9.09	05/19/2026 (1)		A		16,250		(8)	12/31/2029	Common Units	16,250	$ 0	16,250	D
Stock Option	$ 9.09	05/19/2026 (1)		A		16,250		(9)	12/31/2030	Common Units	16,250	$ 0	16,250	D
Common Units	(5)	05/21/2026		D			552,500	(5)	(5)	Class A Common Stock	552,500	$ 20	4,972,500	D

Explanation of Responses:

1. This transaction occurred prior to the Issuer's registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934, as amended, in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a).

2. Represents an acquisition of Class A Common Stock, Common Units and a corresponding number of Class C Common Stock pursuant to a reorganization of the Issuer.

3. Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Class A Common Stock. The RSUs vest in two substantially equal annual installments on each of the third and fourth anniversaries of May 21, 2026.

4. Reflects the cancellation for no consideration of Class C Common Stock in connection with the sale of Common Units.

5. The common units of Lincoln International, LP ("Common Units") may be redeemed by the Reporting Person at any time at the option of the holder for shares of Class A Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class C Common Stock will be forfeited in connection with the redemption. The Common Units have no expiration date.

6. The stock option vests in full on January 1, 2027.

7. The stock option vests in full on January 1, 2028.

8. The stock option vests in full on January 1, 2029.

9. The stock option vests in full on January 1, 2030.

	/s/ Julie Nelson, Attorney-in-Fact	05/26/2026
	** Signature of Reporting Person	Date
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