Hartley R. Rogers - Mar 14, 2023 Form 4 Insider Report for Hamilton Lane INC (HLNE)

Role
Chairman, Director, 10%+ Owner
Signature
/s/ Lauren Platko, attorney-in-fact
Stock symbol
HLNE
Transactions as of
Mar 14, 2023
Transactions value $
-$95,068
Form type
4
Date filed
3/16/2023, 04:10 PM
Previous filing
Mar 16, 2022
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLNE Class A Common Stock Tax liability -$95.1K -1.47K -12.26% $64.76 10.5K Mar 14, 2023 Direct F1
holding HLNE Class B Common Stock 7.3M Mar 14, 2023 See footnote F2, 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 Class B Units 7.3M Mar 14, 2023 Class A Common Stock 7.3M See footnote F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.
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. These securities are owned directly by HLA Investments, LLC ("HLAI"). The reporting person is the manager of HRHLA, LLC ("HRHLA"), the managing member of HLAI.
F3 These securities are owned directly by HLAI. Mr. Rogers is the manager of HRHLA, the managing member of HLAI.
F4 Pursuant to 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.

Remarks:

In addition to serving as an officer and director of the Issuer, the reporting person is a member of a group that beneficially owns more than 10% of the Issuer's Class A common stock.