O. Griffith Sexton - Sep 16, 2023 Form 4 Insider Report for Hamilton Lane INC (HLNE)

Role: Director, 10%+ Owner
Signature: /s/ Lauren Platko, attorney-in-fact
Stock symbol: HLNE
Transactions as of: Sep 16, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/19/2023, 04:08 PM
Previous filing: Sep 20, 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	Award		+2.18K	+12.54%		19.6K	Sep 16, 2023	Direct	F1
holding	HLNE	Class B Common Stock						366K	Sep 16, 2023	See footnote	F2, F3
holding	HLNE	Class B Common Stock						366K	Sep 16, 2023	See footnote	F2, F4

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						366K	Sep 16, 2023	Class A Common Stock	366K		By the 2008 Sexton DES. Trust FBO Laura Sexton	F5, F6
holding	HLNE	Class B Units						366K	Sep 16, 2023	Class A Common Stock	366K		By the 2008 Sexton Des. Trust FBO Matthew Sexton	F5, F7

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

Explanation of Responses:

Id	Content
F1	Represents the number of shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's Amended and Restated 2017 Equity Incentive Plan in consideration of the reporting person's service on the board of directors of the Issuer. The shares vest one year from the transaction date.
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	The securities reported in this row are owned by The 2008 Sexton Des. Trust FBO Laura Sexton (the "Laura Sexton Trust"). Mr. Sexton serves as trustee of this trust.
F4	The securities reported in this row are owned by The 2008 Sexton Des. Trust FBO Matthew Sexton (the "Matthew Sexton Trust"). Mr. Sexton serves as trustee of this trust.
F5	Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering, 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.
F6	The securities reported in this row are owned indirectly by the Laura Sexton Trust through HLA Investments, LLC. Mr. Sexton serves as trustee of this trust.
F7	The securities reported in this row are owned indirectly by the Matthew Sexton Trust through HLA Investments, LLC. Mr. Sexton serves as trustee of this trust.

Remarks:

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