0000914036 2025-12-31 2025-12-31 0000914036 lvip:S000053203Member 2025-12-31 2025-12-31 false 2025-12-31 497 0000914036 N-1A <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-family: arial; font-size: 10pt; width: 100%; border-spacing: 0px; margin: 0 auto;"> <tr> <td style="width: 100%;"></td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 8pt; background-color: #d9d9d9;"> <td style="border: 2.00pt solid #000000; padding-left: 8pt; padding-right: 2pt; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">LINCOLN VARIABLE INSURANCE PRODUCTS TRUST</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; text-align: left;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; text-align: left;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement Dated August 21, 2026</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary and Statutory Prospectus dated May 1, 2026, as amended June 9, 2026</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; text-align: left;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="font-style: italic;">Unless otherwise defined in this supplement, capitalized terms used in this</span></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="font-style: italic;">supplement have the meanings assigned to them in the Summary and Statutory Prospectuses</span></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left;"> </div> </td> </tr> </table> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">This Supplement updates certain information in the Summary and Statutory Prospectuses for the LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund (the “Fund”). You may obtain copies of the Fund’s Summary and Statutory Prospectuses free of charge, upon request, by calling toll-free 866‑436‑8717 or at <span style="font-family: arial; font-size: 10pt; color: #0000ff;"><span style="text-decoration: underline;">www.lincolnfinancial.com/lvip</span></span><span style="font-family: arial;">. </span></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Effective immediately, the Fund’s Summary and Statutory Prospectuses are revised as follows:</div> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-family: arial; font-size: 10pt; border-spacing: 0px; width: 100%;"> <tr style="page-break-inside: avoid;"> <td style="width: 4%;"> </td> <td style="width: 5%; vertical-align: top; text-align: left;"><span style="font-weight: bold;">1.</span></td> <td style="vertical-align: top; text-align: left;"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: left;"><span style="font-weight: bold;">The following information is added under the </span><span style="font-weight: bold;"><span style="font-style: italic;">Principal Risks</span></span><span style="font-weight: bold;"> section beginning on page 3 of the Fund’s Summary Prospectus: </span></div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-family: arial; font-size: 10pt; border-spacing: 0px; width: 100%;"> <tr style="page-break-inside: avoid;"> <td style="width: 9%;"> </td> <td style="width: 3%; vertical-align: top; text-align: left;"><span style="font-family: times new roman;">●</span></td> <td style="width: 1%; vertical-align: top;"> </td> <td style="vertical-align: top; text-align: left;"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-family: arial; font-size: 10pt; text-align: left;"><span style="font-weight: bold;">Active Management Risk. </span>The portfolio investments are actively-managed, rather than tracking an index or rigidly following certain rules, which may negatively affect investment performance. Consequently, there is the risk that the methods and analyses, including models, tools and data, employed in this process may be flawed or incorrect and may not produce desired results.</div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-family: arial; font-size: 10pt; width: 100%; border-spacing: 0px; margin: 0 auto;"> <tr> <td style="width: 100%;"></td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 8pt; background-color: #d9d9d9;"> <td style="border: 2.00pt solid #000000; padding-left: 8pt; padding-right: 2pt; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">LINCOLN VARIABLE INSURANCE PRODUCTS TRUST</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; text-align: left;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; text-align: left;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement Dated August 21, 2026</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary and Statutory Prospectus dated May 1, 2026, as amended June 9, 2026</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; text-align: left;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="font-style: italic;">Unless otherwise defined in this supplement, capitalized terms used in this</span></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="font-style: italic;">supplement have the meanings assigned to them in the Summary and Statutory Prospectuses</span></div> <div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left;"> </div> </td> </tr> </table> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">This Supplement updates certain information in the Summary and Statutory Prospectuses for the LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund (the “Fund”). You may obtain copies of the Fund’s Summary and Statutory Prospectuses free of charge, upon request, by calling toll-free 866‑436‑8717 or at <span style="font-family: arial; font-size: 10pt; color: #0000ff;"><span style="text-decoration: underline;">www.lincolnfinancial.com/lvip</span></span><span style="font-family: arial;">. </span></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Effective immediately, the Fund’s Summary and Statutory Prospectuses are revised as follows:</div> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-family: arial; font-size: 10pt; border-spacing: 0px; width: 100%;"> <tr style="page-break-inside: avoid;"> <td style="width: 4%;"> </td> <td style="width: 5%; vertical-align: top; text-align: left;"><span style="font-weight: bold;">1.</span></td> <td style="vertical-align: top; text-align: left;"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: left;"><span style="font-weight: bold;">The following information is added under the </span><span style="font-weight: bold;"><span style="font-style: italic;">Principal Risks</span></span><span style="font-weight: bold;"> section beginning on page 3 of the Fund’s Summary Prospectus: </span></div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-family: arial; font-size: 10pt; border-spacing: 0px; width: 100%;"> <tr style="page-break-inside: avoid;"> <td style="width: 9%;"> </td> <td style="width: 3%; vertical-align: top; text-align: left;"><span style="font-family: times new roman;">●</span></td> <td style="width: 1%; vertical-align: top;"> </td> <td style="vertical-align: top; text-align: left;"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-family: arial; font-size: 10pt; text-align: left;"><span style="font-weight: bold;">Active Management Risk. </span>The portfolio investments are actively-managed, rather than tracking an index or rigidly following certain rules, which may negatively affect investment performance. Consequently, there is the risk that the methods and analyses, including models, tools and data, employed in this process may be flawed or incorrect and may not produce desired results.</div> </td> </tr> </table> LINCOLN VARIABLE INSURANCE PRODUCTS TRUST 2026-05-01