Christopher M. Crain - Dec 1, 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
Dec 1, 2023
Transactions value $
-$107,170
Form type
4
Date filed
12/4/2023, 08:09 PM
Previous filing
Aug 16, 2023
Next filing
Dec 19, 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 Dec 1, 2023 Direct F1
transaction HLI CLASS A COMMON STOCK Sale -$107K -1K -100% $107.17 0 Dec 1, 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 Dec 1, 2023 CLASS A COMMON STOCK 1K Direct F1
holding HLI CLASS B COMMON STOCK 56.5K Dec 1, 2023 CLASS A COMMON STOCK 56.5K BY HL VOTING TRUST F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 22, 2023.
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.