J. Lindsey Alley - 15 May 2025 Form 4 Insider Report for HOULIHAN LOKEY, INC. (HLI)

Role: Chief Financial Officer
Signature: Lindsey Alley
Issuer symbol: HLI
Transactions as of: 15 May 2025
Net transactions value: -$457,789
Form type: 4
Filing time: 19 May 2025, 16:26:58 UTC
Previous filing: 08 Nov 2024
Next filing: 23 May 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
ALLEY J LINDSEY	Chief Financial Officer	C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES	Lindsey Alley	19 May 2025	0001649209

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	Tax liability	$457,789	-2,542	-3.8%	$180.09	64,575	15 May 2025	CLASS A COMMON STOCK	2,542		BY HL VOTING TRUST	F1, F2, 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 Dates (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	Represents shares withheld to cover taxes upon the vesting of existing awards under the Issuer's 2016 Incentive Award Plan.
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.