Oakville Number 2 Trust - 09 Mar 2023 Form 4 Insider Report for Hamilton Lane INC (HLNE)

Role
10%+ Owner
Signature
/s/ Lauren Platko, attorney-in-fact
Issuer symbol
HLNE
Transactions as of
09 Mar 2023
Net transactions value
-$7,641,000
Form type
4
Filing time
09 Mar 2023, 18:58:11 UTC
Next filing
11 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLNE Class A Common Stock Sale $7,641,000 -100,000 -16% $76.41 535,015 09 Mar 2023 Direct F1
holding HLNE Class B Common Stock 7 09 Mar 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
holding HLNE Class B Units 7 09 Mar 2023 Class A Common Stock 7 See footnote F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sold by the reporting person in a registered underwritten offering pursuant to an underwriting agreement dated March 6, 2023.
F2 The Class B common stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution or exchange of those shares. However, the Class B common stock entitles its holder to ten votes per share on every matter submitted to the Issuer's stockholders for a vote.
F3 Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.
F4 The securities reported are owned indirectly by Oakville Number 2 Trust ("Trust") through HLA Investments, LLC.

Remarks:

This Form is filed by (i) the Trust and (ii) Rysaffe Trustee Company (CI) Limited ("Trustee"). The Trustee is the trustee of the Trust, and the Trust is a member of a group that beneficially owns more than 10% of the Issuer's Class A common stock.