Christopher M. Crain - 04 Sep 2024 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: 04 Sep 2024
Net transactions value: $0
Form type: 4
Filing time: 05 Sep 2024, 16:59:48 UTC
Previous filing: 03 Sep 2024
Next filing: 12 Nov 2024
SEC: View on sec.gov

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	+40		$0.000000	40	04 Sep 2024	Direct	F1
transaction	HLI	CLASS A COMMON STOCK	Gift	$0	-40	-100%	$0.000000	0	04 Sep 2024	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	-40	-100%	$0.000000	0	04 Sep 2024	CLASS A COMMON STOCK	40		Direct	F1
holding	HLI	CLASS B COMMON STOCK						54,225	04 Sep 2024	CLASS A COMMON STOCK	54,225		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 September 4, 2024, the reporting person made a charitable donation of 40 shares of Class B Common Stock. No value was received for the donated shares.
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.