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

Role: Senior Advisor
Signature: /s/ Lauren Platko, attorney-in-fact
Issuer symbol: HLNE
Transactions as of: 16 Aug 2023
Net transactions value: -$31,821
Form type: 4
Filing time: 18 Aug 2023, 16:05:29 UTC
Previous filing: 16 Mar 2023
Next filing: 02 Feb 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	Award	$5,219	+83	+0.91%	$62.88	9,167	31 Mar 2023	Direct	F1
transaction	HLNE	Class A Common Stock	Award	$5,302	+78	+0.85%	$67.98	9,245	30 Jun 2023	Direct	F1
transaction	HLNE	Class A Common Stock	Sale	$42,343	-459	-5%	$92.25	8,786	16 Aug 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						6,522	16 Aug 2023	Class A Common Stock	6,522		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.