Irwin Gold - Nov 22, 2022 Form 4 Insider Report for HOULIHAN LOKEY, INC. (HLI)

Role
EXECUTIVE CHAIRMAN, Director, 10%+ Owner
Signature
/s/ J. Lindsey Alley, Attorney-in-Fact for Irwin N. Gold
Stock symbol
HLI
Transactions as of
Nov 22, 2022
Transactions value $
-$1,483,401
Form type
4
Date filed
11/25/2022, 02:38 PM
Previous filing
Nov 14, 2022
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLI CLASS A COMMON STOCK Conversion of derivative security $0 +815 $0.00 815 Nov 22, 2022 Direct F1
transaction HLI CLASS A COMMON STOCK Sale -$80.3K -815 -100% $98.52 0 Nov 22, 2022 Direct F2
transaction HLI CLASS A COMMON STOCK Conversion of derivative security $0 +9.19K $0.00 9.19K Nov 23, 2022 Direct F1
transaction HLI CLASS A COMMON STOCK Sale -$905K -9.19K -100% $98.58 0 Nov 23, 2022 Direct F3
transaction HLI CLASS A COMMON STOCK Conversion of derivative security $0 +5K $0.00 5K Nov 25, 2022 Direct F1
transaction HLI CLASS A COMMON STOCK Sale -$498K -5K -100% $99.53 0 Nov 25, 2022 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HLI CLASS B COMMON STOCK Conversion of derivative security $0 -815 -100% $0.00* 0 Nov 22, 2022 CLASS A COMMON STOCK 815 Direct F1
transaction HLI CLASS B COMMON STOCK Conversion of derivative security $0 -9.19K -100% $0.00* 0 Nov 23, 2022 CLASS A COMMON STOCK 9.19K Direct F1
transaction HLI CLASS B COMMON STOCK Conversion of derivative security $0 -5K -100% $0.00* 0 Nov 25, 2022 CLASS A COMMON STOCK 5K Direct F1
holding HLI CLASS B COMMON STOCK 1.13M Nov 22, 2022 CLASS A COMMON STOCK 1.13M BY HL VOTING TRUST F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Class B common Stock is convertible into Class A Common Stock on a one-for-one basis at the option of the holder, upon any transfer and automatically upon the Final Conversion Date (as defined in the Issuer's Registration Statement on Form S-1, as amended (No. 333-205610)) concerning the Issuer's initial public offering. The Class B Common Stock has no expiration date.
F2 Per share price reflects the weighted average price in a series of open market sales on November 22, 2022 at prices ranging from $98.50 per share to $98.55 per share. The reporting person undertakes to provide to Houlihan Lokey, Inc., and security holder of Houlihan Lokey, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range identified in this footnote.
F3 Per share price reflects the weighted average price in a series of open market sales on November 23, 2022 at prices ranging from $98.50 per share to $98.80 per share. The reporting person undertakes to provide to Houlihan Lokey, Inc., and security holder of Houlihan Lokey, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range identified in this footnote.
F4 Per share price reflects the weighted average price in a series of open market sales on November 25, 2022 at prices ranging from $99.31 per share to $100.12 per share. The reporting person undertakes to provide to Houlihan Lokey, Inc., and security holder of Houlihan Lokey, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range identified in this footnote.
F5 The reporting person is a trustee of the HL Voting Trust (the "Voting Trust"). The trustees of the Voting Trust have shared voting control over the shares deposited into the Voting Trust. The reporting person has a pecuniary interest in and investment control over the shares reported herein.