Christopher M. Crain - Aug 16, 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
Stock symbol
HLI
Transactions as of
Aug 16, 2023
Transactions value $
-$100,660
Form type
4
Date filed
8/16/2023, 04:14 PM
Previous filing
Jun 6, 2023
Next filing
Dec 4, 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 +1K $0.00 1K Aug 16, 2023 Direct F1
transaction HLI CLASS A COMMON STOCK Sale -$101K -1K -100% $100.66 0 Aug 16, 2023 Direct F2

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 -1K -100% $0.00* 0 Aug 16, 2023 CLASS A COMMON STOCK 1K Direct F1
holding HLI CLASS B COMMON STOCK 57.5K Aug 16, 2023 CLASS A COMMON STOCK 57.5K 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 Per share price reflects the weighted average price in a series of open market sales on August 16, 2023 at prices ranging from $100.47 per share to $100.87 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 The shares are held by the HL Voting Trust (the "Voting Trust"). The reporting person retains investment control and dispositive power over the shares deposited into the Voting Trust.