# EDGAR Filing Document

**Accession Number:** 0000914036
**File Stem:** 0001193125-25-322238
**Filing Date:** 2025-12
**Character Count:** 8667
**Document Hash:** 6a7a2e71f1b16d9e3ec98fcec620cd03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-322238.hdr.sgml**: 20251217

**ACCESSION NUMBER**: 0001193125-25-322238

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251217

**DATE AS OF CHANGE**: 20251217

**EFFECTIVENESS DATE**: 20251217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **CENTRAL INDEX KEY:** 0000914036

**ORGANIZATION NAME:**
- **EIN:** 521835648
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-70742
- **FILM NUMBER:** 251578156

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802
- **BUSINESS PHONE:** 260-455-2000

**MAIL ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AGGRESSIVE GROWTH FUND /
- **DATE OF NAME CHANGE:** 20031001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **DATE OF NAME CHANGE:** 20030910

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINCOLN NATIONAL AGGRESSIVE GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19931025

## Series and Classes Contracts Data

### LVIP BlackRock Dividend Value Managed Volatility Fund (Series ID: S000002815)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Standard Class | C000007726 |
| Service Class  | C000007727 |

---

### LVIP BlackRock Equity Dividend Fund (Series ID: S000070171)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Standard Class | C000223162 |
| Service Class  | C000223163 |

---

## Series and Classes Contracts Data

### LVIP BlackRock Dividend Value Managed Volatility Fund (Series ID: S000002815)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000007726 | Standard Class |  |
| C000007727 | Service Class  |  |

### LVIP BlackRock Equity Dividend Fund (Series ID: S000070171)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000223162 | Standard Class |  |
| C000223163 | Service Class  |  |

&nbsp;&nbsp;&nbsp; **LINCOLN VARIABLE INSURANCE PRODUCTS TRUST**<br>**LVIP BlackRock Equity Dividend Fund**<br> **LVIP BlackRock Dividend Value Managed Volatility Fund**<br>**Supplement Dated December 17, 2025**<br> **to the Summary and Statutory Prospectuses dated May 1, 2025**<br>***Unless otherwise defined in this supplement, capitalized terms used in this***<br> ***supplement have the meanings assigned to them in the Summary and Statutory Prospectuses***<br>

This Supplement updates certain information in the Summary and Statutory Prospectuses for the LVIP BlackRock Equity Dividend Fund and LVIP BlackRock Dividend Value Managed Volatility Fund (the "Funds"). You may obtain copies of the Funds' Summary and Statutory Prospectuses free of charge, upon request, by calling toll-free 866-436-8717 or at <u>www.lincolnfinancial.com/lvip</u>.

**Effective December 31, 2025**, all references to, and information regarding, **Tony DeSpirito**, in the Funds' **Summary** and **Statutory Prospectuses** are deleted in their entirety.

**Effective immediately**, the Funds' **Summary** and **Statutory Prospectuses** are revised as follows:

1. The following replaces the information under  ***Portfolio Managers-BlackRock Portfolio Managers*** on page 4
of the **LVIP BlackRock Equity Dividend Fund's Summary** and **Statutory Prospectuses:** 

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **BlackRock Portfolio**<br> **Managers** | **Company Title** | **Experience with Fund** |
| &nbsp;&nbsp;&nbsp;Tony DeSpirito | Managing Director | Since May 2025 |
| &nbsp;&nbsp;&nbsp;David Zhao | Managing Director | Since May 2025 |
| &nbsp;&nbsp;&nbsp;Cem Inal | Managing Director | Since November 2025 |

---

2. The following replaces the information under  ***Portfolio Managers-BlackRock Portfolio Managers*** on page 5
of the **LVIP BlackRock Dividend Value Managed Volatility Fund's Summary** and **Statutory Prospectuses:** 

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **BlackRock Portfolio**<br> **Managers** | **Company Title** | **Experience with Fund** |
| &nbsp;&nbsp;&nbsp;Tony DeSpirito | Managing Director | Since October 2014 |
| &nbsp;&nbsp;&nbsp;Paul Whitehead | Managing Director | Since May 2022 |
| &nbsp;&nbsp;&nbsp;Peter Sietsema | Director and Senior Portfolio Manager | Since January 2023 |
| &nbsp;&nbsp;&nbsp;David Zhao | Managing Director | Since September 2017 |
| &nbsp;&nbsp;&nbsp;Cem Inal | Managing Director | Since November 2025 |

---

3. The first sentence under the information under  ***Management and Organization — BlackRock Portfolio Managers*** of the **LVIP BlackRock Equity Dividend Fund's Statutory Prospectus** is deleted and replaced with the following:

Tony DeSpirito, David Zhao, and Cem Inal are responsible for the day-to-day management of the Fund's assets.

4. The first sentence under the information under  ***Management and Organization — BlackRock Portfolio Managers*** of the **LVIP BlackRock Dividend Value Managed Volatility Fund's Statutory Prospectus** is deleted and replaced with the following:

Tony DeSpirito, Peter Sietsema, Paul Whitehead, David Zhao, and Cem Inal are responsible for the day-to-day management of the portion of the Fund's assets allocated to BlackRock.

------

5. The following supplements the information under  ***Management and Organization — BlackRock Portfolio Managers*** of the **Funds' Statutory Prospectuses**:

**Cem Inal**, is a Managing Director and Portfolio Manager for BlackRock. Mr. Inal is a member of the Fundamental Equities division of BlackRock's Portfolio Management Group and Head of the U.S. Income & Value team. Mr. Inal was previously Chief Investment Officer of US Large Cap Value Equities at AllianceBernstein, where Mr. Inal held that role from 2020 to 2025. Prior to that, Mr. Inal was portfolio manager of AB US Large Cap Value Equities from 2016 until 2019. Mr. Inal has also served as PM of Global Real Estate Securities since 2023. Inal was previously a senior research analyst and leader of the technology sector. Mr. Inal also co-managed the International Small Cap Value service from its inception in 2014 until 2016. Before joining AB in 2003 as a research analyst, Inal was a vice president at fusionOne, a communications software provider. Prior to that, Mr. Inal was an engagement manager at McKinsey & Company and a research engineer at Mitsubishi Electric. Inal holds a BSE in electrical engineering from Princeton University and an MBA in financial engineering from Cornell University.

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE** 

------

&nbsp;&nbsp; <br> **LINCOLN VARIABLE INSURANCE PRODUCTS TRUST**<br>**LVIP BlackRock Equity Dividend Fund**<br> **LVIP BlackRock Dividend Value Managed Volatility Fund**<br>**Supplement Dated December 17, 2025**<br> **to the Statement of Additional Information ("SAI") dated May 1, 2025**<br>***Unless otherwise defined in this supplement, capitalized terms***<br> ***used in this supplement have the meanings assigned to them in the SAI***<br>

This Supplement updates certain information in the SAI for the LVIP BlackRock Equity Dividend Fund and LVIP BlackRock Dividend Value Managed Volatility Fund (the "Funds"). You may obtain copies of the Funds' SAI free of charge, upon request, by calling toll-free 866-436-8717 or at <u>www.lincolnfinancial.com/lvip</u>.

**Effective December 31, 2025**, all references to, and information regarding, **Tony DeSpirito**, in the SAI are deleted in their entirety.

**Effective immediately**, the SAI is revised as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. The following supplements the information under  ***Other Accounts Managed - BlackRock Investment Management, LLC*** in the SAI  ***:*** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total<br>Number<br>of Other<br>Accounts** | **Total Assets (in <br>millions)**<br> **of Other<br>Accounts** | **Number of Other<br>Accounts Paying <br>Performance**<br> **Fees** | **Total Assets**<br> **(in millions) of<br>Other Accounts <br>Paying<br>Performance**<br> **Fees** |
| &nbsp;&nbsp;&nbsp; **Cem Inal<sup>1</sup>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Registered<br> Investment<br> Companies | 0 | $0 | 0 | $0 |
| &nbsp;&nbsp;&nbsp; Other Pooled<br> Investment<br> Vehicles | 0 | $0 | 0 | $0 |
| &nbsp;&nbsp;&nbsp; Other Accounts | 0 | $0 | 9 | $0 |

---

<sup>1</sup> Information is as of September 30, 2025.

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE**