Atul Varma - 14 Mar 2023 Form 4 Insider Report for Hamilton Lane INC (HLNE)

Role: Chief Financial Officer
Signature: /s/ Lauren Platko, attorney-in-fact
Issuer symbol: HLNE
Transactions as of: 14 Mar 2023
Net transactions value: -$25,924
Form type: 4
Filing time: 16 Mar 2023, 16:08:52 UTC
Previous filing: 20 Sep 2022
Next filing: 18 Aug 2023
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	Award	$5,320	+105	+1.7%	$50.67	6,433	30 Sep 2022	Direct	F1
transaction	HLNE	Class A Common Stock	Award	$2,172	+40	+0.62%	$54.30	6,473	30 Dec 2022	Direct	F1
transaction	HLNE	Class A Common Stock	Tax liability	$33,416	-516	-8%	$64.76	5,957	14 Mar 2023	Direct	F2
transaction	HLNE	Class A Common Stock	Award	$0	+3,127	+52%	$0.000000	9,084	14 Mar 2023	Direct	F3

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	Performance Stock						6,522	14 Mar 2023	Class A Common Stock	6,522		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were acquired pursuant to the Issuer's Employee Share Purchase Plan in a transaction that was exempt under Rule 16b-3(d).
F2	Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.
F3	Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.
F4	Each share of performance stock represents a contingent right to receive one share of Class A common stock. The performance stock vests upon the Issuer's Class A common stock achieving a specified price per share. The performance period of the performance stock ends on September 16, 2029.