Lydia Gavalis - Mar 14, 2024 Form 4 Insider Report for Hamilton Lane INC (HLNE)

Role: General Counsel & Secretary
Signature: /s/ Lauren Platko, attorney-in-fact
Stock symbol: HLNE
Transactions as of: Mar 14, 2024
Transactions value $: -$67,591
Form type: 4
Date filed: 3/18/2024, 05:18 PM
Previous filing: Mar 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLNE	Class A Common Stock	Award	$0	+1.62K	+5.09%	$0.00	33.5K	Mar 14, 2024	Direct	F1, F2
transaction	HLNE	Class A Common Stock	Tax liability	-$67.6K	-627	-1.87%	$107.80	32.8K	Mar 14, 2024	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						6.52K	Mar 14, 2024	Class A Common Stock	6.52K		Direct	F4

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

Explanation of Responses:

Id	Content
F1	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.
F2	The reporting person's prior Form 4 overstated her holdings by one share. The correction is reflected in the total reported here.
F3	Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.
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.