J. Lindsey Alley - May 24, 2023 Form 4 Insider Report for HOULIHAN LOKEY, INC. (HLI)

Role
Chief Financial Officer
Signature
J. Lindsey Alley
Stock symbol
HLI
Transactions as of
May 24, 2023
Transactions value $
$0
Form type
4
Date filed
5/25/2023, 07:09 PM
Previous filing
May 17, 2023
Next filing
Nov 30, 2023

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 Award $0 +4.65K $0.00 4.65K May 24, 2023 CLASS A COMMON STOCK 4.65K Direct F1, F2
transaction HLI CLASS B COMMON STOCK Deposit into or withdrawal from voting trust $0 -4.65K -5.08% $0.00 86.9K May 24, 2023 CLASS A COMMON STOCK 4.65K BY HL VOTING TRUST F1, F3
* 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 On May 24, 2023, the Issuer granted 4,649 shares of Class B Common Stock to the reporting person pursuant to its 2016 Incentive Award Plan, which vest in four equal annual installments following the grant date.
F3 Represents shares of Class B Common Stock deposited into the HL Voting Trust (the "Voting Trust"). The reporting person retains investment control and dispositive power over the shares deposited into the Voting Trust.