Atul Varma - Aug 16, 2023 Form 4 Insider Report for Hamilton Lane INC (HLNE)

Role: Senior Advisor
Signature: /s/ Lauren Platko, attorney-in-fact
Stock symbol: HLNE
Transactions as of: Aug 16, 2023
Transactions value $: -$31,821
Form type: 4
Date filed: 8/18/2023, 04:05 PM
Previous filing: Mar 16, 2023
Next filing: Feb 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLNE	Class A Common Stock	Award	$5.22K	+83	+0.91%	$62.88	9.17K	Mar 31, 2023	Direct	F1
transaction	HLNE	Class A Common Stock	Award	$5.3K	+78	+0.85%	$67.98	9.25K	Jun 30, 2023	Direct	F1
transaction	HLNE	Class A Common Stock	Sale	-$42.3K	-459	-4.96%	$92.25	8.79K	Aug 16, 2023	Direct

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						6.52K	Aug 16, 2023	Class A Common Stock	6.52K		Direct	F2

* 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	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. As previously announced, outstanding unvested award of performance stock will be forfeited in full upon Mr. Varma's planned departure from the Company.

Content

These shares were acquired pursuant to the Issuer's Employee Share Purchase Plan in a transaction that was exempt under Rule 16b-3(d).

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. As previously announced, outstanding unvested award of performance stock will be forfeited in full upon Mr. Varma's planned departure from the Company.