Christopher M. Crain - 24 May 2023 Form 4 Insider Report for HOULIHAN LOKEY, INC. (HLI)

Role
GENERAL COUNSEL
Signature
/s/ J. Lindsey Alley, Attorney-in-Fact for Christopher M. Crain
Issuer symbol
HLI
Transactions as of
24 May 2023
Net transactions value
$0
Form type
4
Filing time
25 May 2023, 19:09:35 UTC
Previous filing
17 May 2023
Next filing
06 Jun 2023
SEC
View on sec.gov

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 +2,904 $0.000000 2,904 24 May 2023 CLASS A COMMON STOCK 2,904 Direct F1, F2
transaction HLI CLASS B COMMON STOCK Deposit into or withdrawal from voting trust $0 -2,904 -4.7% $0.000000 59,487 24 May 2023 CLASS A COMMON STOCK 2,904 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 2,904 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.